Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
Gold has completed a zigzag from the bottom at 1265 and has also completed an "x" at 1272 wit a sharp leg down , the structure is still corrective, the upward target is 1290, please note the next leg up is expected to be a zigzag
The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.
You can see that a long, bullish potential inverse “head and...
As you can see gold in h4 chart it is on its major resistance and market has lost it's bullish momentum ready to come down use money management and divide lot into several parts each with variety of TP's
I dont want to be pessimist, but this chart of gold, is making me scare about 2019-2020 scenario, in the bright side, maybe adding some gold ETF, But is look like spy is going no where and gold could have one of the biggest rally when have ever seen in 2019-2020, Long Gold from here. it could go 180 in 2020 thats like 52% return in two years, maybe crazy but...
Gold closed bearish last week and was below the weekly pivot area for this week. It is possible that it has completed the ABCDE triangle pattern by breaking down support, if the ABCDE pattern is finished with point E at the high price on Friday ($ 1211.05 / oz) then the big chance is bearish and continues the downtrend with confirmation of a break down of $ 1192...
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Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, a big chance to break up, finish the wave (E) in the weekly movement.
-Open long positions
-TP at the first and second daily daily resistance
Gold still looks moving in the pattern formed, and moves in the daily pivot area for today. Today if the price does not break the pattern by breaking below the first daily support ($ 1194.03 / oz) there is a good chance the price will move to the first daily resistance area ($ 1206.43 / oz).
Looks EXACTLY like the December 2015 / January 2016 action in gold. Massive imbalance in the COMEX COT readings along with Ping-Pong price action by the Gold Cartel aka Bullion Banks / Wall Street just prior to LIFT-OFF (i.e., shaking out of all of the weak shorts and weaker longs). Getting VERY LONG Gold Futures in anticipation for a move possibly up to $1400 by...
Gold closed bearish last week and was in the weekly pivot area for this week. If the price continues the trianggle pattern then the price will move to the first weekly resistance area, invalid if the price breaks low ($ 1187 / oz). Key support is $ 1187 / oz If it breaks low then it will move to the first and second weekly support area.