goldbugs

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 ...

The mining stocks are going to be stronger than the broad markets again?

Hui Gold Bugs at important level

ENTRY DETAILS: PAIR: XAU/USD ORDER: BUY ENTRY : 1252.423 STOP LOSS: 1211.998 TAKE PROFIT : 1296.478 R:R = 1.08

should be going down soon as the weekend closes.

Gold sale idea

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).

There's about a roughly, umm, 0% chance they raise rates in March. Nice try grandma.

We have had 2 strong bounces off the 1220 area, with both bounces hitting above 1230. It must be noted that the level we got rejected at (1240), is the bottom of the past low we made in October. It appears that passing this level is the gateway to 1280. It will be interesting to see if gold even bothers retesting 1220 again in the next few days, rather than ...

Re-longed gold on Friday, 1W and 1D both still look very healthy for bulls. Cross on 1W MACD, with the 5EMA looking to cross through the 50/100EMA. We saw a big bounce off 1220 on Friday which served as strong support and reassures me of my long position.

With Gold looking longterm bullish, I think gold stocks are going to do really well. I think this is a good stock which may offer near 100% return from its 3rd wave extension. A play past 5.25 seems like a serious possibility.

As I posted in my prior idea, I sold my gold position this morning when the DXY started to rally. I am still long-term bull with gold, however it is clear to me that this move wants to retest the 1220 area as this was significant resistance over the past few weeks. There's currently a bearish engulfing on the 1D chart, and the MACD is looking to test a break back ...

Today we got further confirmation of a golden-cross with gold, and even though we had a slight hiccup intra-day spurred by a USD bond sale, we closed above 1240 and made new highs for this run. TNX is struggling to maintain above water, and it's RSI has been trending down since it's run up in November. We could potentially see a death cross as it's 5EMA makes ...

Gold seems to be picking up steam again. The media and pundits are eating up the hype but this usually calls for concern over time.

Last week was substantial for both gold and the DXY. Gold was able to close above it's 100EMA, and above the key psychological level of 1220, and DXY closed below the key psychological level of 100, and it's 100 EMA. This will prove to be bullish for gold, and bearish for the DXY. Looking at the 5 and 100EMA for both gold and DXY, we can see that gold's 5 is ...

So it looks like my cup and handle idea played out well. We are making higher highs, and lower lows, which is very bullish for gold, yet we are having resistance at the 100 EMA. Once this is cleared, we should move up rather quickly. I believe with 99.99% certainty NFP will beat tomorrow, which will cause an initial drop in gold, but due to the fact that gold ...