GLD is riding high following a liquidity-strike pullback in the heat of the crash. And there's nothing but money printing ahead. However, CFTC positioning is a potential obstacle. The futures have already exceeded the early March highs. A move back under $152 is a bearish development. Otherwise, the trend is your friend.
Chart should be self-explanatorily awesome and super heady. Psychedelic colors, curvy curves, a sick retest of lows, and a bodacious bounce on the 50... Even a fatty volume breakout. Something for the whole family to enjoy! LONG! BULL! $GLD $GDX $GOLD $XAUUSD
In the 2002 Crash, Gold's value INCREASED 30% leading up to Sept 27 2002 (THE BOTTOM). In the 2009 Crash, Gold's value DECREASED 30% leading up to March 9 2009 (THE BOTTOM). What will happen in 2020? WHO KNOWS??? $GLD $GOLD $GDX $XAUUD
This is a U-Shaped Recovery, with massive volume spike after declining volume on rising price, it' doesn't mean breakout, but it looks bullish to me, and i mean in short and long time frame $GLD $GOLD $GDX $XAUUSD
Since market peak on Feb 14th, SP500 is down 26%, Bitcoin down 35%, and Gold up 3.6% Interesting how everyone use to compare Bitcoin with Gold saying it was 'Safe haven'- clearly not!
Gold (AUD) daily chart- Following orderly uptrend. Yellow line- 20 day simple MA.
Gold saw a strong quarter with an opening price of $1,521 in January and a closing price today of $1,637 for a +7.6% gain in the first three months of 2020. This comes after price broke above the 38.2% Fibonacci retracement level in the second quarter of 2019 which was a level that acted as resistance during the 6-year bear market after price peaked at an...
Welcome to the Great Depression of 2020! Silver and Gold will not save you in your time of distress! This sucker will be going down, so don't be a sucker! Toto, I don't think we're in 1820 anymore! We're not returning to a Gold Standard, we'll see an EBT standard first!
Under $6K and there is risk of a move to test support near $3K
Such a beautiful rounded bottom on Gold Monthly. Even after the pullback last week (read corona crash!) it managed to stay the course. As long as it doesn't violate the ARC, it is headed for the previous highs. There might be some resistance but it should eventually break and go berserk! That is my view. Please do comment and let me know your views.
As restaurants, shops, airlines and factories shut down around the world, a global coronavirus-fueled recession is no longer a looming threat. It’s here. During the last downturn, I lost a lot of money, and I don’t plan on doing that again. So, it is an excellent opportunity to reexamine it all and turn it into lessons or personal reminders. One of Warren...
I think people will bail to cash USD will rise OIL will fall Markets will fall this is the GREAT GOLD prediction from MISS CLEO call me nowW!!!
Gold held above the 50% Fib level and horizontal support line, as expected in the previous gold chart, and saw its best daily gain today since March 2009 when the Federal Reserve expanded Quantitative Easing 1 during the global financial crisis. Price rallied +4.12% today from an opening price of $1,505 and closed at $1,567 on today's Federal Reserve announcement...
See this cup N handle pattern witch started out on a smaller time frame and gave us this breakout out. Bulls still fighting, however, the apex of the triangle is acting like a strong magnet. Breakout below 1641, still short from higher entry. Im monitoring both sides Bulls: want a breakout from handle Shorts: attempting to push below the handle
This is a continuation to our Gold trade back in May 2019. July 2020 will be when gold will start being back in demand. This sell off is mostly a result of cash strapped countries needing liquidity.