ForkTrading leads us to the right direction. Here we see how Gold respected the Centerline so far. If Gold is closing the week above the Centerline, I expect the next station to be the Upper-Medinaline-Parallel (U-MLH). P!
We have begun the rotation into the commodity cycle and ending the equity cycle. The unwind in equities will be apparent into this coming year. I will post a crude oil chart today also that is clearly demonstrating a similar set up. It's not the best time to get in as the current high in gold will see some short term consolidation as the chart shows. In the...
GOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit...
Very nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish. This makes gold a very nice sell for a target of at least 1215 and maybe lower. Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels. TP:...
Gold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising. So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.
On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up. Trading Advice: Risk: Start with a small buy position, add more at the support or when the upper range has...
GDX inverse H&S nested consolidations. Expecting upside breakout in the months ahead.
Classic gold when breaking down in a bearish channel . We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty...
Classic gold when breaking down in a bearish channel. We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty...
I see that Gold has risen above the U-MH's. But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH. If price is trading back into the blue fork, then we will see a nice drop. Otherwise it will rise like a balloon...until the guys with the needle ending the party once again. So, let's observe and act accordingly. P!
Gold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it. Gold Buy around 1255 TP 1266 > 1278 Stop 1245
It is jus an idea but remember that interest hike append when gold was low. Now , it look like the hike will be at a top. Be prudent. I am looking to short if i have a paterne who will tell me to.
The breakout of the U-MLH (yellow) set the tone for Gold. Now, with this scary pullback, many long positioned traders get stopped out and positions change hands I will stalk a entry long as soon I see some stabilisation at the U-MLH. P!
Gold on the daily time frame shows on very interesting setup that can goes either way. It will all depend on how gold will close today. Buy: Close above upper range, 1272 or higher. Take Profit: 1292 Stop Loss: 1264 Sell: Close below lower range, around 1269 or lower. Take Profit: 1235 Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there...
The discussions I read in the last days can be very confusing. ...at least for someone who don't think about the context, and time, and the difference between trend and flow. You can not chart something in a daily, and talking about the next 5 or 10 years. That's foolish, period! This chart shows what I mean about a longterm perspective. Follow price from the...
On the 4 hour time frame Gold is showing good strength (Daily about to) The 1st upper range has already been broken and it's now pushing against the 2nd upper range. On the Adx indicator the bearish trend is getting stronger and about the take over from the fading bullish (green) trend line. Also the Stoch Rsi shows nice buying pressure. Buy between...