After expressing our concerns about gold's rally in early May 2023, we saw it tumble as low as $1,932.11 just two days ago. Since this low, gold’s price rebounded above $1,970 and then weakened again. Currently, it trades near $1,955 per troy ounce. That brings us to a similar assessment as in our previous article, and we will pay attention to the two closest...
we must wait gold reach big trendline area and create buy pinbar on 1h-4h-daily chart ,then pick buy with SL in pinbar low and hold it 30 day to near 2020 area (then can reach 2200)
let see gold futures daily candels and AC indicator
DONT INTER GOLD WITHOUT PINBAR VERFY ,,,with bad news it can go downer,,,inter safe late buy better than risky buy
dont close...
I took the gold volatility index GVZ and created a simple regression trend from 2008 to present on a monthly chart. I then took the points at which the GVZ spiked above two standard deviations of the trend. These points are the vertical lines on the chart.
The vertical lines, or points which had a large spike (all above a reading of 30) on GVZ in most cases...
heres another flag, which (im hoping) will be a nice ride to 1924 .. no, not the year.. were not in a plutonium powered delorian.. $ .. good ole dixie notes
must be pirates doing all the trading.. so may flaggies.. heres another one.. hopefully those pesky pirates will drop the poley woley.. should hopefully end up where the bars pattern (pink fake bars) end 1898.98 (i know .. lots of 9's and 8's.. it is what it is trollops! :p) .. hopefully another fun trip down south..
if these pesky pirates keep travelling south...
i dont advice buy now, but advice sell near 2000 and hold it 15 day until 1925 (SL=2020)
and buy near 1925 and hold it 30 day to new high near 2100
wish you win
In the last article, we expressed a bullish bias for gold in the long term. However, we also noted that we could not ignore certain worrying signs that were putting us on a high alert in the short term; in particular, we mentioned 20-day SMA and 50-day SMA closing the gap and low volume accompanying the price higher. Since then, the price of gold has slumped from...
AC indicator on daily chart now is full red and going to turn green (this mean if low not break we will see up trend soon) check AC on daily chart
3 scenario possible for gold for coming week
30% 1-2 day range then go down to 1925 (we must buy there and hold it 30-40 day) then start up trend
or
40% go up and touch red trendline then go down to 1925...
Gold today broke through the flag bottom at 1985, so the seasonal effect is in play. I have three targets as of now: 1947.63, the pivot point of the weekly chart flag pole; 1924.60, the mid-point of the flag poll; 1921.6, the Gann confluence line (which would also be the base of the prior flag last year).
I see 1924 to 1921 as the likely target. If we had a sell...
In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic...
Head and Shoulders pattern identified, so short established at 2048 at uptrend breach fri 5th may.
price annoyingly breached resistance at 2020 so had to hedge orders back up to 2046. further shorts were added from 2040.
im expecting the price to reach at least between 1984-1987 area although i do think it may well over shoot before a pull back from that target...
I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post.
Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly...
Gold is currently in a flag similar to that experienced last March and April. Last year's flag broke down, very unusual for this formation (normally it is a continuation pattern). Most likely the breakdown can be explained by the strong ramp up in the dollar index last year. Also, gold seasonality is usually weakest starting in April - June.
This flag is very...
ICHIMOKU on my chart is for daily chart ,,,,it not important on gold (break trend is king on gold) , ,,,but i want show you 1925 is down target
ALERT= on news gold can go up , so put SL on last highs
dont pick buy until 1925 area ,,,,buy now is very dangrous ,,,,if you have buys,put SL in today low
if you have sell, wait 4-5 day,dont close soon
wish...
Trade Idea: Selling Gold
Reasoning: Major reversal on the daily.
Entry Level: 2034
Take Profit Level: 2003.75
Stop Loss: 2048
Risk/Reward: 2.1/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like...
