Gold will make an important decision in the coming days. Will the $ 1325 - $ 1,340 resistance range be outperformed, or will the gold metal fall below the $ 1,260 level and triggering the bearish trend channel?
I am looking forward to the decision and will then position myself accordingly.
Greetings from Hanover
Stefan Bode
P.S. If you like this analysis, then ...
I have been struggling to find longs in this market but NCM is an Oz puppy I like to trade as a gold proxy. It is gappy, it is volatile and it will pop with gold. Stock has been trading in a nice channel for about 15 months with the lower range at c$20 and top range at c.$24. 240M MACD crossing over and stock is trading just around the bottom of the range. What ...
In short our full net short position in gold and silver is well justified from the measurement of risk and reward at the time writing this article/idea
As we are seeing from the past couple of days mining stocks,gold and silver have been moving sideways and volatility have been decreased in a significant manner,many inexperienced traders gets confused at this ...
Most of the top ALTs has seen extreme gains these past weeks, coins that even has no value has increased in value.
Bitcoin is fighting bears on daily basis and having problems around the 17,500$ 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 ...
For the last couple of months gold's been trading in a range frustating for both the longs and the shorts with no real movement in either way. Yet the bears seem to be winning this fight for now. Gold is still following it's downward channel even though it broke it's median line but didn't stay above it for long. Ideally I'd like for gold go down to about 1190 to ...
Gold did indeed continued its correction and reached a low at 1,260 USD on Friday the 6th of October. I hope you followed my advise and went long below 1,265 USD, cause since then a strong recovery is on its way and gold is already back above 1,300 USD.
Yet the big questions whether this current up-move is just a wave B type recovery or in deed the beginning of ...
Two scenarios for gold:
1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction.
If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD..
After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are ...
At the long time-frame of two weeks with ichimoku we see the price testing the bottom of the thick red cloud. At some point soon I expect a decisive entry into the cloud and the climb upwards to break from above cloud in the coming months. But not if JP Morgan can help it...
Now certainly seems like a good entry based on bottoming. However, silver still may be a ...
Gold remains very bullish here despite any overbought readings..
The breakout above the 6-year downtrend-line is super super bullish. Its the strongest signal for gold since 6 years !!!
With the slow stochastic oscillator being embedded the rally will very likely continue over the coming days and weeks towards 1,295/1,300 USD.
From there we should or could get a ...
As expected gold continues to trade between 1,200 USD and 1,300 USD. The recent strong recovery from 1,215 USD up to 1,295 USD just two days ago was a bit surprising as we´re getting close to the FED meeting next week and seasonality is not really favorable in spring.
But gold is showing more and more strength and has already been breaking out above its ...
I'm still long on gold, adding to my position with the most recent dip.
RSI has failed to break down below the mid 40 level two times already (a failed attempt now would be the third). As I mentioned in my last post on gold, I saw a potential drop to the 1230-1240 area, which we got (I commented to a TV'er that I thought 1250 might be an updated bottom, was too ...
Gold is looking to break the 2011 downward trend line.
If you look at the RSI, you can see that gold has been in consolidation since early 2013.
I truly believe we will break the trend this year, with fundamentals supporting this move.
We may not initially break the trend this month, however the only downside risk I see is to the 1230-1240 area (my thin ...
As silver is bearish gold is bearish too same setup but with more volume than silver it can pick bearish volume in about 3 hours from now on so stay connected.
Good Luck Muze (xauusd).
