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...
#Gold Projections Week of 08022020 $gold $xauusd
Daily Chart TA created a month ago when gold was at the low 1700's.
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.
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.
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 .
Gold bull trend is intact. Monthly, Weekly and daily charts indicate a market currently sweating out OVER-BOUGHT status. The Trend is Your Friend!
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.
If you're in the membership then you made an absolute killing on this last week and we're going to continue to look for chances to get long, if they present themselves. I am looking for price to fall a little lower to test at or near kijun sen to get long. If we get a good reaction with price either get a good support candle or bounce right off of it, I'll enter a...
The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move. You can see that a long, bullish potential inverse “head and...
I can tell by the title I wrote that gold bugs are already pissed off. Long story short, I think gold (and silver) will go further down in value. I first want to start by saying I love precious metals including gold, but I don't think this scenario is going to play out the way any sane person would think. That's why you have me, completely lacking all sanity....
Gold looks strong as other markets continue shitting themselves First TP (take profit) $1375
Gold is breaking the final frontier of a multi-year pennant. It is now nestled below trendline resistance and the weekly 200MA. Could this just be a false move? Unfortunately for the Gold bulls, Gold has to contend with a a very bullish USD. Unless the USD is going to make a move to the downside, I cannot see Gold making ANY serious upside traction. And my...
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...