Trend line broken on the 1D, look for a close above 1140 today to confirm break.
descending channel on monthly. Middle Line crossed down-side. possible Supports ahead 1. 1040 which is previous pivots, fibo bounce zone (127%). 2. 950 which is the channel bottom line and stronger fibo bounce zone 161% golden percentage.
I believe there is currently a strong bullish divergence in the RSI and MACD. My TP is 1250$, and I will re-evaluate gold when/if we get to that level. We are currently making higher lows in both the MACD and RSI (while the price decreases), which leads me to believe we will see a strong up move in the following days. My advice is to avoid listening to the gold...
From 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside. Gold -looking for 1300+ Move in coming days Gold pushed 100$- but later as it evolved &...
The big players are dumping gold after the election. Soon to form a death cross. When will they stop?
Trade between short term .618 - 1 and long term .5 - .382
Expect lower prices/decreasing momentum until the new year
We are currently trading in a very strong bull channel. My long position was supported today when bounced very sharply from the 1286 level, and the MACD is about to cross. My expectation for the NFP is that they will miss, and we will see 130-150K jobs added in October (which the fed will justify is still enough to raise). However we are clearly in a bull-trend...
This could confirm a nearing end to Gold Volatility
Final days I should think to get in your NUGT/DUST/JDST/JNUG orders!
I believe a double bottom has formed at the 22.50 level. This could lead to a potential boost to 26 over the next few weeks. We have seen a nice bounce off this level in the second week of October, and have been progressing well a long the daily bullish trend-line. Unfortunately, miner equities and ETF's have been selling off with the recent equity sell-off, and...
Roughly trading on the same trend lines as gold. I am personally long from 3.43 - 2.97 - 2.89 (in that order) Avg. Cost 3.23, SL 3.43, TP 4.75 BTO.TO dropped significantly (roughly 12%) in late September due to a administrative audit (pretty much BS, and nothing will come from it as mining production in this area has not been hampered), and has a lot of room to...
I went long on miners at points A, and B. I have been using this channel since October 24 to help analyze whether or not to add to my longs, or if we would drop to my second trend-line. Based on the help we received from Clinton today, and the fact that we closed over 1275, I believe the lowest we will see next week is 1268/69 (this is based on my trend-line, and...
Support around both the previous .5 retracement and current .618, but a downwards bet on gold could complete a wave 5 before correcting to wave 4 low. I expect either a double abc, or a setup for a small head and shoulders (rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility and Volume could cause expansion of price above 1285 in next...