AU AngloGold Ashanti has operations in a variety of locations including North America and Africa.
With spot gold rising and mostly fixed operational costs, AU stands to improve its overall
margins. Here on a weekly chart, price has crossed over the POC line of the volume
profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative
Trend...
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over
the POC line of the volume profile,a monthly volume bar over the running mean for the first
time in two years price crossing over the mean anchored VWAP and both the trend and
the momentum indicators making reversals. I will open a long trade of both shares as...
GLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower
trendlines for resistance and support. A volume profile is overlaid. Text boxes comment
on the basis for the trade and the use of the relative strength indicator. Price is low
in the high volume area confluent with the support line. I see this as a long trade set up
and...
On a 15 miunte chart. CMCL is seen trending down and then reversing while
traders seek to sync it to the price action of spot gold. The chart demonstrates
price reversing on May 2nd out of an anchored VWAP breakdown into a
rubber band reversal into a cross of the mean aVWAP. The movement of the
PMO ( Price Movement Oscillator) confirms the reversal into a...
My thesis is that comparing an equity price in a ratio to spot gold expecially on long
time frames can sometimes bring clarity to complicated trading decisions. Here, I seek
to determine since I hold both gold on the forex market and NVDA call options, whether
I should sell one to buy the other. Upon putting the ratio of NVDA price compared with
spot gold on...
XAU last week had a trend up followed by a double top on July 19 and 20.
On the @H chart the trend down seems to have included a drop through the basis
band of the Bollinger Bands as well as a crossunder the anchored mean VWAP
and then further downtrend until price was outside the lower BB. The current
candlestick pattern is that of a morning star...
LODE being a penny stock with high volatility is well positioned at the bottom of its
range for an uptrend on the 2H chart to respond to the recent moves in spot gold and
gold futures. Gold is increasingly in play due to macroeconomic uncertainties including
the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies
are making...
Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally.
Current base level is near $1670 to $1710.
Normal rally results in a $400 to $475 rally phase before exhausting.
My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be...
After FOMC decision and subsequent fall of gold XAUUSD has been in neutral trend for more than a week now. This is well visible on 1-hour time frame and simultaneously reflected in low ADX value. On 1-day time frame RSI reversed from oversold area and gained bullish direction. MACD slowly loses momentum but Stochastics remains bearish. ADX value remains high and...
GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch.
We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios.
Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key...
GOLD will soon reach resistance confluence and start falling again
GOLD will retest the broken resistance that became support
Sell when resistance reached
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GOLD is trading in what might be a bullish triangle OR a bullish flag
Which means that eventually the pattern is likely to break upwards
Yet the current buildup of the similar in nature resistance structures
That are mounting on the lower levels than before
Give us a decent chance GOLD will show one more lower hight
Break downwards
And retest the support at...
Welcome to my series of macro outlooks where I put together threads focused on long term perspectives for major asset classes. My goal is to provide you with a long term view that I update on a monthly and sometimes weekly basis so that you can have the means to make wise and calculated trades in the shorter term.
I have threads for assets that are typically...
Most of the top ALTs has seen extreme gains these past weeks, coins that even has no value has increased in value.
Bitcoin is fighting bears on daily basis and having problems around the 17,500$ mark. Bitcoin Cash has been setting higher lows these past days, and enter levels are becoming more expensive. I think getting in on a position around 2500-2660$ mark is...
