the first time I thought it could form a Cup & Handle it was on March 26, 2019 when I published the idea on TradingView. For easy reference please click the image below:
Since then I've been trying to undestand gold behavior until it broke out the handle for the upside which confirmed the...
Good day fellow traders!
Daily time frame: Gold can be unfolding a higher degree wave C), as part of a bigger A)-B)-C) structure, out of a previous triangle correction. Wave C) is an impulse and may unfold five-waves to the upside, before resistance for wave C) may be seen, and a change in trend may follow. At the moment sub-wave IV of C) can be unfolding, and...
Hey everyone. The poor man’s gold looks like the deal of the decade at the moment. I know we’re all in a hurry to pick out Lambo interiors during the upcoming LTC and BTC halving cycles, but don’t miss out on this.
+408% move in the 2009-11 bull market followed by a 72% correction. Sounds eerily familiar, right? More mature asset + more...
If you are looking to trade Gold SPDR Trust ETF (Exchange Traded Fund) or Gold XAUUSD cash market, the long term Gold GLD forecast is bullish. Gold ETF has been rallying for the last weeks creating new strong impulses on the weekly timeframe showing more strength on the bull side.
Currently we have a weekly supply imbalance in control around $126. As supply and...
Silver has broken out of a multiyear descending triangle pattern to the upside. Typically a descending triangle is a bearish pattern so for it to be foiled and having gone to the upside is extra bullish. Moreover, silver entered a bullish falling wedge pattern right after, back-tested the initial triangle's resistance-turned-support and continued upwards. There is...
above chart provides an overview but the idea is to focus on most recent price action in order to find short term profitable trades.
For the purpose of this idea, focus will be on charts at a lower timeframe which will be published below.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
Thank you for...
double bottom supporting at $14.
2nd bottom forming in divergence with RSI oversold.
230SMA stopping the pull back and pushing down as in 2016.
IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18.
Otherwise, IMHO, if support at $14 is breached, Silver will probably keep...
This 4 hour chart.N2 follows previous daily chart N.1.
The idea is to provide a technically correct structure that follows the move commenced at 0 (ZERO).
Key factors that supported Gold into 0 (ZERO) for the breakout are:
1) Deterioration of US China negotiations that entered a stalemate at the beginning of May;
2) Arising tensions in the Middle East...
Technical Analysis and Outlook
Traders and investors, who follow the markets closely, will have a unique chance in today's chart analysis and market commentary. To continue the rest of the story see 'Market Commentary' tab 'Market Commentary June 26, 2019' page, at TradingSig_dot_com.
Gold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February
If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off
Thanks for viewing.
This is a combined post (slash essay);
1. Trading the valuation oscillation between silver and gold for profit / accumulation, and
2. Possible signs of resistance on gold stretching its relative valuation on silver.
Some of it will probably mirror well-established strategies, re-state some more obvious aspects, but hopefully, may be...
Precious Metals, Gold & Silver, should begin an upswing over the next 20~50 days with an almost immediate upside move to above $1350 for Gold happening within the next 30 days. Silver will follow this move about 10 to 30 days after gold.
The upside potential for this move in Gold is incredible. Likely targeting $1450 before mid-June and well above $1550 by...
this is what I see on the 4H chart.
Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then.
To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the...
While Gold remains in its high level consolidation, which is now starting to narrow, digesting its recent run into northern territory, Silver has caught a bid and is now playing 'catch-up' to the yellow metal and in the process, now finds itself at a key inflection point as we can observe from the Daily chart above.
With the Gold:Silver ratio recently ticking the...
The bull run in the precious metals complex which officially ended in Oct 2011 dragged the prices of the white metal to up to 50USD per ounce. That was a staggering 393% growth which took the prices from 10USD to 50USD however from there we have seen more than 70% correction in silver prices. The interesting part is even when gold is able to break it's 6 years...
DOUBLE TOP FORMATION IN GOLD
EXPECTED MOVE TO THE DOWNSIDE
61.8 FIBONACCI RETRACEMENT
DOUBLE TOP TARGET (NECKLINE TO TOP MEASURED TO DOWNSIDE)
PLACE ORDER BELOW NECKLINE AND TAKE PROFIT AT REGION SHOWN IN CHART