DONT Forget MARS ALIGNMENT FAVORS WAR. The US 2Q GDP came in at 4.1% with a revision to the 1Q (they are still revising that number). The GDP is the quarter change... annualized. Taking the 2 quarters (2.2% and 4.1%) and dividing by 2 gets 3.15%. The 4 quarter average is 2.85%. (2.8%, 2.3%, 2.2% and 4.1%) The initial knee jerk reaction in the dollar is a...
Longer term trade setup for Canadians in RRSP or TFSA Since no shorts can be taken in RRSP or TFSA in Canada be patient and plan out the longer term longs with the highest probability of working out. The being patient part is still a significant challenge for myself. Two options for entry if things work out and ABX gets this low. Like anything else in life...
The uncertainty surrounding the ongoing trade war between the US and China has been driving the price of gold lower, instead of higher, as would normally be the case in times of heightened geopolitical risk. This is due to the close correlation between gold and the Chinese yuan which has remained firm in recent months. The Chinese government has allowed the...
Over 82 million shares were traded in the triple leverage gold stock ETF (NUGT) on July 17, 76 million in 40 minutes, which is about $1.7 billion worth. This is triple the previous record of 27 million on December 15th, 2016, after which NUGT doubled in two months. Long?
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Spent a silly amount of time on this. Every Combo pattern seemed off until I came across this one. Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one. There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put...
Weekly chart here showing tightening range on consolidation. Long over 0.485
Didn't take the first targeted entry. Second chance of entry over 2.20. volume back above average after recent long term downtrend. $GSV $GLD $GOLD $MUX $GDX
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If this current low doesnt hold we could see gold going to 1239-1202
GOLD in AUD testing UpTrend Support.
$RGLD $GLD $GDX #gold #miners #trading $DXY These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use...
As always, I try to keep the larger picture in mind. This is a very interesting overview.
Since my last post on Gold, Gold keeps its downtrend after it broke its uptrend line. Now it looks like that gold reached its support area, and i think it's probably a good opportunity to long gold.
XAUUSD has just landed on two major levels, the uptrend and Fibo level. I expect Gold to reverse here and targets the upper trend of the triangle. Cheers!
Reversal possible off lower E into the holiday weekend as the shorts have had their fill smashing gold. Now they will load up and go the other way for several months is my guess. The miners should lead the way as they did not break down like gold did which shows positive strength. IMO>
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!