Gold has had a great run, however i believe that we may very well see a slight easing before continuing higher, firstly let's look at some charts. Gold is below the daily 21 ema - This means that so long as we remain below this level, near-term the bears are in control. Gold has retraced to the weekly 10 ema - This is healthy within a strong bull market, to...
Just to recap again... 1. In early 2013, a “friend” brought me to a gathering, where the charismatic speaker claimed he was told that Gold would be tracking higher than the last high, etc. There was a following who dumped everything and loaded up on Gold then. I never went back because I saw the opposite. Clearly, from the chart, I was not wrong, although I...
I always look for rounding bottoms. Gold is consolidating here, but I think the miners will continue to catch a bid, especially the microcaps.
Not something to short, but finally an opportunity to get ready for a second bite of the cherry, if not the last stop to boar the train is coming up... this expected pullback (mentioned before that it can pull back as deep at 1400-1600 technically, despite all rational reasoning) mane deeper than expected. Regardless, it allows an opportunity to look for entry...
Gold, Gold, Gold......! Well, we made it to Thursday - Finally got that dollar strength..! Hold steady we have NFP tomorrow - This could make or break the beautiful gold dust, not sure if you've heard the song but great motivation. However, back to technical and fundamentals of gold (XAU/USD) Key trend-line up from the daily as well connects nicely, we could...
Long consolidation and several false breakouts, but in the end trend remains intact in OANDA:XAUUSD , as it is now trying to push to new ATH. Unless ~1900$ is broken upside scenarios should be favored for now.
XPDUSD setting up for a run to the upside. Watch price action, do not overleverage Please comment with your chart and analysis or send your questions in my DM, Comment, LIKE, and Follow
XAUXAG ratio to go to 20, could possibly go lower, that's a strong case for silver. Not betting so much on the pullback, but the dollar strength could initially mean a dip in both Gold and Silver, but when the bounce back silver will gain at a much faster rate than gold. Not a bad idea to jump in now if you are not using leverage. What do you think? Drop a...
There is no trading advice here, just a big picture outlook. MACD seems to have peaked but that doesn't mean anything ATM. Trade at your own risk. In my opinion physical should not be traded but just add more on lows or pull backs. *Personally, I pay my self with metals, specifically silver.* Dicky Retardo
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Gold looks like it might have tested a bear flag breakout today. Target is $1883. No position.
Unless OANDA:XAUUSD would be sticksaved in the upcoming hours, we are likely witnessing start of downtrend which may bring metal as low or 1700$
waiting for support to respected and we could see another very strong impulse
Looking for something like this. GDX looks to be firmly in a downtrend.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices are narrowing down into a tight triangle whilst being supported at $26,50.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Gold struggling to hold its ground at $1930,00 as the support level weakens. The correction on precious metals looks to continue on the downside.
In today's post, we will see an example of a situation in the past in which the price reached the ALL-TIME HIGHS ZONE. Main items: a) The price tends to surpass the previous all-time high zone as we can see in the past, and as it's happening right now b) After that, we observed an initial throwback (retest of the broken level) c) This situation tends...
Hello traders! Gold remains under pressure as metal made a five wave drop from August 18th, followed by a three wave bounce in the last few trading sessions. This A-B-C rally is a bearish continuation pattern so we think more weakness is coming. Trade well, the EW-forecast team