Gold (27.07.2015) given free fall as we mention in our previous two articles published from april 2015. The downtrend is very strong still we may find some corrective bounce from current levels as indicators are highly oversold. Now as we can see on charts, gold is trading around $1092 area after printing a fresh low at $1172 last week. In area around...
Update #1 - Stopped out as per chart. Loss of ~1%. Gold moves to slow to play these scalps. :( I believe a decent bounce is in order on these Multi-year lows. Set up as defined. Expecting 1130 as least. Good luck
HUI (Gold Bugs Index) throws signals relative to the VIX that are pretty obvious and allow plenty of time for entries and exits. I'll describe how in a minute - before that think about the aspect of Gold trading that is a "worry trade" and think about what the VIX is. As that sinks in, you realize that gold buyers are often playing a much longer time frame than...
Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...
S&P 500: In 2014/2015 we have experienced a very nice bull market as the S&Ps finished in 2014 returning a nice 13.69%, overall the bull market has been driven by the feds decision to keep interest rates low as investors piled in. recently the FOMC held a press realised where Janet Yellen (Chair of the Board of Governors of the Federal Reserve System) stated that...
Aunt Janet proved we traders are no match for her. After the FOMC announcement almost everything went green...including goldie which stopped us out. That's trading. We move on and wait for a another setup.
GC is setting up for a visit of the November lows. Pull backs are sellable. If you are in from the bear flag trim and trail. We are looking for a test of the lows, then 1100.
Gold has been trading in a descending triangle. Read the full write-up with more charts: www.enhancingcapital.com
Clearly we are oversold thanks to that big red day, however we could have some more downwards movement IF there is not significant factor bringing in buyers to gold. Hopefully alot of people took the day off friday and that indian holiday left alot of swiss cheese holes in the market. Technical Stuff: Fib retracement shows our first target of 1199.8 .. I would...
- TL;DR: GLD in descending triangle similar to that of 2011- 13. Expecting up to 25% decline over next 6 months. - Trade: Short, Limit Cover half @ $98 and half @ $85, Stop Loss @ 124.5 (8%) -OR- Jun 30 113.00 Puts trading $2.91, BE $110 After nearly three years of uninterrupted gains, beginning in late 2008 and ending in late 2011, GLD set a high water mark at...
As we mentioned if GC breaks down we would pass on the trade and we did. We will watch for bounces and see if the hold. This is on our watch list. Stay tuned. Watch more GC analysis here: youtu.be
Gold-miners about to break thru resistance. I am buying NUGT calls with a hedge (either long DUST calls or one NUGT put). Go crazy gold bugs!
Gold(17.11.2014) moved higher in last week on profit booking as well as on challenging fundamental growth of major economy. However branching the strong resistance zone with volume could change long term scenario. Now gold is trading around $1187 & we can see on charts, friday gold rally more than 3% & provided a closing above $1182-1172 resistance which where...
It is a awful time since 2011 for fundamental Goldbugs. Everyone else can look more calm. It looks like I can buy gold for around the neck next year again. From the hight's of 1900 $ Gold was pretty beaten down. Around 10xx $ and 800 $ I see two places for turnarounds to new highs. The 1200 were pretty strong but broken now. A little chance for 10xx to bottom...
Well it looks like the market finally SOLD OFF like i how i predicted, but it did not SELL OFF like i wanted it to do so. Looking at this market from a WEEKLY chart it seems like the sell off may be ending sooner than expected. HOWEVER, that does not mean that the market will retrace right back up as quickly as it descended, nor does it mean that it will not...
GC is still working well for us. We like this trade and are still holding for the "Go or No Go" area. We have dropped our stop another level. We are trailing until we get our level or we get stopped. Either way it's important to manage your trades.
We are choosing to to stay out of GC1! for the time being. While the break of the descending wedge was tradeable...the action has been whippy and the risk has been hard to identify. Look at the larger wedge building. We are keeping a close eye on this for a big break.
Bullish on SLV/GLD bounced off support, Sentiment is bearish, big move coming up, i project a move until the 25th aug baed on time symmetry analysis