Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2383.0, up 8.9 Silver, yesterday’s close: Settled at 28.717, up 0.387 Gold futures traded above $2400 and Silver above $29 early in the session but did see a wave of profit taking through the thick of European hours, but are attempting to stabilize ahead of the U.S. bell. The construction off...
The thrust today in Gold completed a bullish half mast flag. The target now becomes $2,400-plus I would not short this market if it was with my enemy's money
Yet another very strong Daily close on Gold. DOL is Thursdays high. I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
Gold had another very strong daily close today. My DOL is Monday's high. I will be looking for a pullback to respect a H1/H4 bullish array, to then give me the go ahead to enter on a bullish displacement on m5/m15 timeframe.
As shown on chart of GLD, a major breakout occurred today. The target is well into the 200s.
Another share from the TTR, this time is a commodity chart - #GC Beautiful move up on Friday! The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box. This is a very bullish action as if the price continues to break out, then...
-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close...
The price of Gold has never surpassed $2,000 on a monthly closing price basis. Tuesday is Oct 31. Be on the watch. Gold is in a major bull trend. My target is 2,500, then 3,600.
⌚️WAIT & SEE MODE / SLIGHTLY BULLISH BIAS ⌚️ 🟢Super Strong Bullish Momentum Currently 🟢Geopolitical Situation is Bullish 🟢Currently in Weekly Bearish Order Block, Watching for H4 Bearish PA 🟢Ideally, want to See 1968.9 Highs Taken
COMEX:GC1! Gold Futures We have a very strong display area which is a sales area that we can rely on.
Short Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2030.21 and rally in wave (b) ended at 2059.56. Wave (c) lower ended at 1999.30 which completed wave ((w)). Wave (c) ended at the 100% – 123.6% Fibonacci extension of wave (a). We...
Looks like #Gold is staging a reversal, the recent correction is over and it can resume the longer term uptrend, or at least stage a substantial daily up swing... Best of luck! Cheers, Ivan Labrie.
COMEX:GC1! Possible Scenario: Long Evidence: Macro Economy variables, including $DXY bearish price action, inflation, and recession outlook for following years, I expect at least a 50% price jump.
Above $1700, the next target is near $2030, but with this bearish divergence setting up between the price and the RSI, I would not bet the farm just yet, some consolidation is to be expected, price needs to absorb overhead supply.
Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low,...
Overall bias - highly bearish Gold made a new intraday low today in asian session, yesterday during NYSE we saw some pullbacks to collect more sell orders. collected enough sell orders at 1844 to print a new intraday low with data overall positive for dollar. PPI came out very high at 0.79% MOM (previous revised to -0.2%, consensus 0.496). The only reason...
On 13th January 2023, we reiterated our belief that the stock market was going through another bear market rally. Furthermore, we warned investors about the price deviating too far from its moving averages and the characteristic behavior of gold, which lies in it rising rapidly and then dropping quickly as well. Following the FOMC, the price of gold fell by more...
GOLD FUTURES The trend has been changed and the trend is up and forcefully and we have a very strong summit that we are likely to come into contact with in order to achieve the goal