The new adjustment to the gold/us dollar by the EWA/EWP analysis! There are 2-variants of the price progression in subwave C. Classic impulse or can be Ending Diagonal Triangle!? Anyway: Buy limit - 1073.56, S/L -1069.00, T/P - 1086.00
Best regards! Sincerely yours, Powerful Traders.
We are long Goldie and got our break out. We took a little profit and on the first break. We have pulled stops up a bit and are now looking for two more targets.
For the longest time, my go-to to play gold is GLD, which is intended to emulate the price of gold bullion. However, this can tie up a disproportionate percentage of buying power due to the price of the underlying.
Naturally, there are alternatives out there to GLD that are either ETF's (like GDXJ and GDX) or outright securities in companies that acquire,...
Goldie is being Goldie. She is hurting traders with indecision. She has now formed a triangle and we are setting up a nice signal on a daily time frame. The pat of least resistance has been down and we have been using th $1,000 level as a magnet. We still like $1,000 but if she decides to hurt more people she will break to the upside and we will target the...
GOLD (XAUUSD) - There is the EWA/EWP on a daily format! Please remember the main Rule! Think on the great timeframes, enter into a transaction on minute charts! Sincerely yours Powerful Traders.
Long position! Buy limit 10 lots at the price 1073.50 and second buy limit 100 lots at the price 1065.73. Both trades S/L 1060.00 & T/P 1087.00! Have a nice trades! Sincerely yours, Powerful Traders!
Gold bugs need to keep Goldie above 1066 area or the next stop on the bus could $1,000. Look at this chart and ask yourself where stops area. Above the 1086 area and we could see a pop on the squeeze. Either way good trades are setting up!
Goldie is relentless to the downside and we are taking the Trigger Zone off. She has gone to far and now a snap back is possible. So we will wait to see if there a bounce before we setup a short trade for another leg down. We think Goldie is headed to $1,000 before shorts cover their positions. Stay tuned.
We still like Goldie on the short side but we need a bounce to get involved. We will wait but it is not looking good for us. In an ideal world we would get the bounce to our zone then take out the July lows and touch $1,000. But we know the markets are anything but ideal. Keep on your watch list.
This is why you take your stops in Gold and smile. When Goldie gets running, she is a freight train going down hill. Gold has been taking stops and eating the gold bugs for lunch (and dinner). This market is clearly weak. We are wanting to get positioned short on bounces. We will be looking for the Trigger Zone on the weekly chart. If Goldie takes out the...
We're still holding tight but the last third is in jeopardy. We would like to see Goldie close above the 200 EMA again to give us a chance of taking out the recent highs. If we get stopped out we will look for another trigger zone.
Gold is still acting well holding above it's 200 day MA. We have pulled up our stops on our last third of our original position. We will look to cut Goldie loose if she climbs above the 1200 area. But for now we expect her rest for a few days.
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy .
Gold was pushed lower on the assumption that central banking policy would all pan...
Close enough for Science. Goldie has been creeping up all morning and seems to be running out of steam. We have taken our second target at 1177.5. We still think Goldie has legs but is in need of a pullback and or some rest. Our third target is open. We will keep our stop in place and adjust through the rest of the week.
Goldie is popping in Globex trading. She has taken out the August highs. We are bringing our second target closer to us. After further analysis we see a spot around the 1181 area that could slow this move down. We have also pull he stop up to lock in more profit. Run Goldie Run!
