DON'T TRY THIS AT HOME. Notes: 1. New relative high today 1783, disappointing, b/c wanted to see 1793. 2. That makes ceiling through Tuesday AM 1815. 3. This chart is 36-min bars. 4. Anything under 2 hour bars NOTORIOUSLY DIFFICULT TO PATH RIGHT. 5. Take this with 20 packets of salt of IHOP salt. 6. The boxes are meticulously planned. 7. I really think...
In a world of billions and billions have been created by digital technology only, without real assets to back it up, Gold seems to be a sensible hedge. Technically it is forming a buyable bottom, with a target of $180.
I think $GOLD is bullish and may fit also a narrative, the gold spot value is bullish, hedge against inflation, plus bitcoin, plus hedge against correction in the equity market or volatily. Price target is difficult since Gold is a slow mover. Let's say 24$.
FINALLY GOT THE SPIKE WE WERE LOOKING FOR, SO? 1. I'm a believer that strength is strength and weakness is weakness. Since it's slower than I expected, the ceiling to 04/23 should be 1852 not 1882. 2. With the unlikely exception that is Gold goes straight through 1815 overnight in which case follow the strongest line here. 3. Otherwise, these two boxes...
Brand new inverse head and shoulders pattern forming. We could see a potential breakout to the upside from here.
Looking at gold chart, you can see the clear accumulation before leg up. Target levels marked on chart. Good luck
THIS IS THE FAVORITE NOW, BUT... I can write 20 pages for this chart, this is all I have time for. This is EVERYTHING I HAVE DEVELOPED up to this point Important dates: 4/11 - (first vertical line) new moon 4/13 - (2nd) 8:30 AM, Consumer Price Index (possible event driver) 4/28 - (3rd) FOMC 5/07 - (4th) May non-farm payrolls (NFP) 5/11 - (last) new...
After MONTHS of waiting, consolidating and fake outs, Gold GC1! appears to have what it takes to launch a cenet breakout rally and continue its long term trend UPwards. Given this at a time when USD 1.9T was dished out, and the next round of trillions in infrastructure spending, it forms the fundamental basis of the technical outlook. On the Gold weekly chart,...
WE WERE LAST ON BLUE VS BLACK ROUTE. NOW THAT WE ARE 90% BLACK ROUTE, HERE IS WHAT THAT MEANS. ENTRY LONG 1756 (FWIW, Ive personally been long since Tuesday but it's not that much of a difference if you hold to July 10th). SL 1721 TARGET, THERE ARE 2 IN THE BLACK SQUARES.F TP LATER
BUT THE SPIKE UP IS STILL VERY MUCH IN PLAY. REQUIREMENT: 1. The DTL (down trend line) from AUGUST 2020 TO JANUARY 2021 highs has resistance at about 1880. 2. If gold touches this line on by 04/19, THIS IS A GIANT SIGNAL. More on this next week, I am busy AF.
The weekly chart of gold is a giant cup and handle, looking extremely bullish. There is a double bottom that printed on the shorter term charts which is a good sign. Everyone hates gold right now which is a good sign it bottomed, similar to BTC at the 3k levels last bear market. Money printing is still continuing at a rapid rate so it's just a matter of time...
Gold is currently in a big downtrend that began back in August 2020. Despite that, recently it has been forming a possible bottom. RSI is forming a bullish divergence that is pointing Gold going up. I still want it to confirm it breaking through 163$, the red trendline and the 200WMA. It's going to be hard, it may take weeks, but if it can break those levels we...
Resistance held twice and gold has resumed its uptrend. It is in a clear bull flag since August of 2020. The next move will likely be faster than people expect. I lean bullish. Target: 1850 Timeframe: Mid April - Mid May This is not financial advice.
I give some background on me learning the markets some brutal harsh lessons and why ETF's like the SPY & GLD are awesome!
Forecast: If price action follows up on the Truncation/Double bottom pattern, then we can expect a countertrend ABC / Zigzag pattern. B-wave, pull back target's between ~1712 or ~1699. Final bullish C-wave, target's @ ~1776 or ~1787. If price action picks up bearish sentiment and breaks low of ~1678, then target's to look for @ ~1662 or ~1655. I'll keep you...
... for a 1.26/contract credit. Notes: Strike improving a little bit here while collecting a credit with 10 days to go in the April contract. Total credits collected of 3.97/contract with a cost basis of 159.03.
-Hypothesis: The price is about to start a new bullish movement IF we have the confirmation of the price reaching the green line. -If the price does not reach the green line, we will not consider our Hypothesis Active. -Invalidation level: Redline, this means that if the price does not reach our green line, we will consider that the hypothesis is no longer...