Gold and miners might be finally ready to make a run with a nice breakout of resistance line here. MACD showing bullish confluence and 9/20 moving average cross
I'm long april 35/40 debit spreads
I'm very interested in GOLD buys around the area of 1790 to firstly take out 1820 and possibly higher. Their is a lot pointing to buys on gold including the trendline, reversal price action on multiple time frames and an obvious support level. Hope everyone has a fantastic week on and off the charts and let me know your opinions in the comments!
The market, such beautiful place. Any movement causes relief for one and worry for other. this is not financial advice.
This is just what I think might happen. Sometimes the most obvious outcome is the one to be afraid of and at this moment things are getting complicated. There is just too much to talk about. We are going to see some crazy movements between the...
Are laser eyes/single issue voters/NFT owners/shitcoin bagholders the new Goldbugs?
Maybe they are, if so this would be the kind of move to expect here...
I'm mostly bearish due to sentiment and various fundamental factors as well as technical elements that make me think the long term trend is over.
I will monitor action, but I suspect it will act similarly to...
*** THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH AND FORM YOUR OWN OPINIONS ***
10Y Treasury and Gold's Price:
Gold is correlated strongly (92%) with the 10Y Treasury. During 2020, during the depths of the pandemic, we saw 10Y rates under 0.5%. This was the primary catalyst for Gold to find its new ATH during August of 2020. This strong correlation makes...
I expect Gold to rally hard after the completion of the current handle and another shakeout.
When history rhymes itself, we could see Gold prices over $10,000,- around 2030
Gold is on its way to retest the upper trend line,hence creating another lower high before another huge drop to 1830-1800 region before the main bullish trend resumes.its is however prudent to exit sells at this level and look for buys..Good luck
GOLD has recently seen a good correction from the all time high peak onto a confluence of the support lines of various reliability.
It is so far impossible to know what path will be chosen by the market, yet the overall sentiment is bullish, with the recent correction serving as a sign of health of the growth.
In situations like this one, the understanding of...
The first couple years is when in 2009-2011 precious metal mining stocks far outperformed the gold and silver underlying physical. But if you did not time the market well and exit at the top with the bearish divergences, you got wiped out as the mining stocks tend to tank 90-98% during the subsequent bear market.
I believe we are starting the precious metals bull...
Gold looks very bullish to me. Long, S/L 1666, target 1900 area
While i think US indicies will drop below their previous low ~2200 i don't think Gold will follow but
will make a new high instead. Should it be drawn down with the markets i buy on the way down.
Miners are still a good buy in my opinion.
Volatile market. GLD too expensive, high premium. IAU excellent alternative.
Shorting Gold for IAU $140 Strike at $0.15. GLD/Futures approximately high 140's.
XAUUSD will explode in coming days and I also see a nice falling wedge pattern in GOLD (Barrick). The pattern has been broken already and the price is making a goodbye kiss of the trendline. Time to load Dec options with strike @18. They are cheap. This nicely converges with my view on SPX500 .
I suspect gold is in the middle of a cup and handle continuation. Though it's technically too early to call, I suspect price action will play something like this. Lines were drawn around ~$1,400. Pull backs are for longs.
With the tensions going on politically between the U.S, Iran, China, Russia, North Korea, okay wait, this could take awhile.
The chart looks decent now, Gold is "Technically" out of a bear trend / bear market, IMO.
Time will tell per usual.
