Gold falls as US dollar rises, accompanied by an across the curve rise in yields. Today’s macro news was relatively light with GDP data coming in slightly lower at 2.2% vs 2.4% expected, and initial jobless claims 211K vs 225K expected. There was a new piece of trade news indicating that China is willing to give the US more access to its domestic cloud-computing...
This last chart, a Monthly price chart, illustrating the Pennant/Flag formation in Gold should be the clearest example we can provide that Gold will soon break out to the upside and rally extensively higher if our research and analysis are correct. The momentum that has built up over the past 2+ years, as well as the global demand for Gold by central banks and by...
Just admit that gold is at resistance and bearish!
The chart speaks for its self.
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future.
Recently, we...
Dollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com
Decided to put some Golden Charts out here for you tonight and what better way than with NUGT right on the line wow! ready to go long or short with this set up based on which line she crosses.
This is my first video on Tradeviews and I'm still learning the software but I wanted to give it a try and share my overall analysis for what you should expect next in gold.
GLD GDX GDXJ JNUG NUGT SIL SILJ
I share my daily pre-market video each and every day before the market opens on my website
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Our ongoing efforts to dissect these markets and to help educated and inform traders has led us on an exploration path into the general market activities of two leading market indicators; Commodity prices and Transportation Prices. These two core elements of any regional or global economy are usually about 3~6 months ahead of the general markets. When viewing...
Gold broke its previous resistance and move higher. And we could find that there are tons of resistances ahead of current level.
RSI and MACD are overbrought. So i think we need a healthy correction very soon.
The US Dollar is poised to rally back to near $97.50 as this recent downside price swing ends. We believe the US/China trade talks and North Korea deal with result in a strong upside potential for the US Dollar and the US stock market as time progresses.
A certain number of industry analysts are starting to announce the recent December 24th lows and subsequent...
DXY weekly, possible head and shoulders. FOMC Tomorrow will send it lower? Powell said 2 raises this year from previous 4. I think they keep dovish tone, until economic data is better. Consumer sentiment was 120, compared to 124. Oil looks really good, gold has quite a run already. I am in 1/3 pos $UWT and $Nugt. Sanctions against Venezuela could be bullish for...
Short GDX, Gold. Hitting $1280 previous resistance, 50% Fibonacci level. $GDX has hit resistance and cannot close above $21. Sold my nugt from 2 weeks ago. Now bought 1/3 of $dust for swing. January, markets may rebound, so metals go down. Will wait and see, Happy new year!
Bullish XAUUSD with close over $1260, FIB Level at .382. Looking for back test of 200 MA, $1252 or so. Trump news and gov't shutdown could push gold higher for next month. FOMC said 2 hikes in 2019, instead of original 3 and they will be data dependant. GDP data out Dec 21. I am in $GDX Jan $20 Calls and Jan $QQQ 152 puts. Bearish USD to .95 or lower in next 2...
$nugt $dust $jnug $jdst
Prepare for a jolt- I'm currently out of gold and miners. I don't like it here. pivotal with bearish looking divergence. It will be interesting if it breaks out.
