President Xi has canceLled his trip to Mar-a-Lago, maybe it's innocuous but I'm not willing to take that change. I believe we still have some downside yet before we have a decent buying opportunity.
This is my first video on Tradeviews and I'm still learning the software but I wanted to give it a try and share my overall analysis for what you should expect next in gold. GLD GDX GDXJ JNUG NUGT SIL SILJ I share my daily pre-market video each and every day before the market opens on my website .
My target for a wave 4 in Gold was $1289, however, I now believe we have further to drop before a buying opportunity presents itself. I see huge issues with this trade negotiations and the outcome is likely different to investors expectations.
A series of better than expected numbers has caused interest rates to rise in a soft inflationary environment this equals higher real yields and a negative headwind for Gold at least short term.
Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
Gold's main driver is real interest rates inverting, monetary policy plays a key role in determining the path forward for Gold. In order to figure out the central bank's actions we really need to focus on the business cycle!
In this update I take a look at the yellow precious metal Gold. Both the technical and global macro picture are setting up for a perfect environment for gold to rally.
With todays lows taken out, everything technically has change for me. I felt the market could hold itself up but i Was wrong. A stronger dollar and twisted bond yields will lead this market. don't look to gold as an indicator just yet why? a stronger dollar can suppress the price of gold still, At least for now.
From the bullish price action I discussed yesterday, price pushed significantly higher very quickly. Price pushed into the key resistance zone of 1205-1215 last night and this morning broke above, reaching as high as 1218. This 1205-1215 zone was a critical zone to hold as it is a major road block to gold putting in a real bottom. Unfortunately for the bulls,...
Price has sold off hard from the bearish price action analysis I did last week (those will be linked to this post). As I pointed out in my analysis last week, the bearish price action offers an opportunity to get short and once price drops to the 1215-1205 range we can switch from a short position to a neutral/short to then profit from the high implied...
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!
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
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!
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!
In this video I discuss key support levels where selling short options for both premium as well as direction(if price bounces higher off of key support) can provide a highly probably and profitable trade setup. There is far more to options that I can fit in a 10 minute video but if you are unfamiliar with them I encourage you to research options. They can add...