goldminers

Gold's explosive break today was a nice continuation of break-out from 3 days ago. Without getting too deep into the fundamentals, Draghi basically punted the EURO toward the moon and the US stock market's inflationary pressure is rocking the DXY into new lows. The combination of gold strength and inflation makes junior minors a fun instrument. Careful if the ...

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 ...

Guys see head & shoulders completing. Look out for knees and toes next...

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

GBPJPY short trade executed few minutes ago at 142.200. STOPS at 142.400, TARGETS at 141.550. Lets see how this one plays out. cheers, EnjoyForex

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.

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 ...

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 ...

I'm still in this gold long, and thankfully was able to add to my position got ABX and SSRI on the way down last week. Small sell-offs like last week are very common during a baby bull, people tend to get nervous when they see some selling, which adds fuel to these sell offs. The best advice I can give is to review your charts, and trust in your analysis, ...

I have started accumulating my medium-term position in this stock once it broke the down-trend started in August of 2016. I am looking to add on a dip over the next few days (which there should be one), however I am playing this from a more aggressive standpoint. If you're a more passive investor, wait for a clean break and close above the key $4 level which has ...

This is the year we see a strong break through that resistance level established in 2011. RSI trending up with bull divergence since 2013. I see a 2016 clone-type move for 2017. Will we pause/drop $20 every $80 gain? Yes. But do not confuse consolidation with a bear. The bear market ended in January of 2016. This is a long-term trade.

It looks like gold has begun to consolidate a bit before it's next leg up. I went long again with a medium sized position on Thursday, and will be looking to add to my position every time this dips closer to the red band on my chart. This will be the year of gold imo, and I will be long all year.

RSI has been trending up since 2013, making higher highs, and lower lows. This is paired with my other ideas.

I thought it would make sense to look at the 1M chart in order to analyze gold for the longer term, based on a purely technical analysis. The orange bar has become a resistance level since 2011, and this trend has held up to now. With that being said, both the RSI and MACD bottomed out in 2013, yet we've seen consistently lower prices since then. We also seem to ...

for those who follow cycles, here is my chart of the gold miners cycle. this chart forecasts that as of 1/12/2017 we are due for a miners cycle low in the second part of january 2017. this cycle will give us hints as to the Trend of gold. The current Daily cycle looks right translated (the high is in the second half of the cycle) and has gone higher than ...

Gold tested the key transition area of 1200 today and got rejected slightly. This is still the key area we have to watch here, as a hard rejection could send us to a lower low, but a strong break could launch us to a higher high than 2016. The next few days should be very telling for gold going forward. (there is still bullish divergence in the RSI)

Gold seems to be itching to retest an area that was important for transition during 2016. I am still long in miners, and it has been clear over the past week that gold has broken it's downward trend. Depending on how my natgas trade plays out over this week, I will be taking my profits from that trade and buying any dips in gold.