Still watching for a breakout. If GC breaks down we will pass on the trade. Stay tuned.
Now that Goldie has pulled back it will be on the watch list. Above the the trend line and we will look long. Stay tuned. See our weekly update for more: youtu.be
We were stopped out of our last contract in GC. We will keep a close eye on Goldie. We still like the upside. Stay tuned Watch more on our Weekly Video Update: youtu.be
We are still hanging on to our 1 contract in GC. Mario Draghi plans on loads of QE. What does that mean for GC? For now we see more upside. We pulled our stop and will keep a two day trailing stop until we are taken out or we see the 1320 level. Here our comments on this Weekly Video update: youtu.be
OK...GC has given us a nice winner and true to our plan we will cover everything except one contract! (see past posts) This trade is a big winner for us and we would like to keep riding the move but with the ECB announcement tomorrow it's a flip of the coin. We could hedge with options but we choose to cover and leave one 'risk' contract to see if the...
UPDATE: We are moving our stops up a little further. This has been a great run on the breakout and we will want to make sure we lock in more. Don't chase up here. Goldie runs fast. If you missed the trade be patient for pullbacks.
First target is hit (Thanks Swiss National Bank). We will move stops up to just under our entry. The trade is at no risk and now we will sit on our hands and see how far she can go, As we mentioned this is a weekly setup so we expect a good size move. However, what we saw from the Swiss last night can be a game changer. USE STOPS AND DON'T BE A HERO. You...
We are long $GC from 1230. We will keep stops tight at 1220. Typically we will look for an extended first target but with Mario Drahgi speaking next week we want to get some off the table early. Watch the video below for how this setup. youtu.be
We are long $GC from 1230. We will keep stops tight at 1220. Typically we will look for an extended first target but with Mario Drahgi speaking next week we want to get some off the table early. Watch the video below for how this setup. youtu.be
Goldie is starting to get ripe and we are watching this very closely. Watch our video below to see how we will get involved with this trade. See how we will get involved with this trade: youtu.be
A quick update. GC is getting ripe and we expect some movement today (with NFP numbers) or early next week. This is a weekly chart signal so we will expect a nice move once it triggers. REMEMBER: NO TRIGGER, NO TRADE.
Still coiling. This is on our watch list. We will wait until it breaks and trade the first pause/pullback.
GC is now coiling and getting ready for it's next move. Even though the markets will have low volumes over the next two weeks GC could makes it move while nobody is watching. We will wait until it breaks and trade the first pause/pullback. Keep it on your watch list.
After a few days of back and fill trading GC broke to the upside and squeezed the weak shorts. The pop was with good volume. We are still watching for more opportunity to the downside but we could chop around for a few weeks before seeing another leg down. Remember...the Dollar has broken out of a multi year consolidation and is expected to move...
GC is having a nice bounce. This was needed after a large move from the last push down. We are expecting GC to rally a little further and chop until after the first of the year. Make no mistake Gold is still in sell mode with targets at 1100 and lower. Expect a good fight form the bulls on the bounce. Stay tuned.
We are still watching this closely. Keep on your watch list.
Gold did as we expected (See prior post). We are now at a critical point. Gold has triple bottomed. We have been trading for 15 years and we can count on one hand the times a triple bottom held. However , they may try to squeeze the weak shorts before rolling her over. IF you are long...USE tight stops and recognize that if this breaks the triple bottom it...
We are staying away from Gold for now. There is no edge in this area. Lot's of needles have drained the accounts of amateurs. DON'T be an amateur! Be patient. Another setup is around. We are watching for either a bounce into resistance or a test of the weekly double bottom. Stay tuned