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 $1930,00 as the support level weakens. The correction on precious metals looks to continue on the downside.
In today's post, we will see an example of a situation in the past in which the price reached the ALL-TIME HIGHS ZONE. Main items: a) The price tends to surpass the previous all-time high zone as we can see in the past, and as it's happening right now b) After that, we observed an initial throwback (retest of the broken level) c) This situation tends...
Hello traders! Gold remains under pressure as metal made a five wave drop from August 18th, followed by a three wave bounce in the last few trading sessions. This A-B-C rally is a bearish continuation pattern so we think more weakness is coming. Trade well, the EW-forecast team
Key time for OANDA:XAUUSD and GC1! , as gold continues to consolidate inside the triangle. Breakout above resistance at ~1970 would indicate strong possibility of trend continuation and new ATH. However, if support levels are not held, risk of much stronger and deeper pullback to at least ~1700$ is likely to be starting Somewhat similiar logic can be...
The Green Neckline @$26.50 is the major resistance at the moment. Breaking it would signal huge upside potential. Depending on how long this consolidation is, if less than a 6 MONTH consolidation, the pattern most likely will be for $35.00 an ounce, $10 gains. if the consolidation is for more than 6 MONTHS, a long term Inverse head and shoulders will have...
Gold is now in corrections on H4 with A- & B- waves created. The remaining wave part is C- (IF the corrections will be simple). Will the correction end up as a ZigZag or a regular flat? What perhaps likely to occur early next trading week is that the precious metal may fall further... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
Target for this bear flag break is around $1894. Timber.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Stability above 27.00 is key if the bullish run is to continue anything soon.
Company has great gold resources and reserves and is a very strong candidate for a buyout. If gold bottoms at 1800 and continues to 2300, I think SOI bare minimum returns to its 2016 peak (5-bagger) or potentially surpasses that level and gets near $2.0+
I've looked into the company, I like what I see for the current price. Won't go into details about the fundamentals, do your own DD . From a technical perspective, I also like the setup. Breakout on the shorter timeframe, bull flag , and rising volume . Get in while you can. My average share price is 5 cents on $CLASF Holding until 5-bagger, will take profits...
As previously suggested, GLD touched 194 before correcting down to 178-181 gapfill, which has completed as of Aug 12th. Now a bull flag has formed, 180 needs to hold for original bull thesis, with GP_C2 zone 179-180 being support. Bulls would want a decisive break out above the falling resistance as a confirmation for next attack towards 200. A couple of inside...
I find it hard to believe this pattern is a descending triangle, we've just seen the dark blue baseline of the pattern hold support, considering the Macro environment I'm expecting this pattern to finish with a bullish outcome. The RSI is slowly starting to create a Macro higher high, if we see the RSI continue to creep above the blue line we will see some...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices look to have stabilized above 27,00 as the bearish correction seems to be over. On the downside, prices might want to re-test the ascending support line.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Gold displaying an impressive bull run as prices recover to trade above $2000,00. The Bullish movement might struggle at bit as the RSI is already in the overbought region but a scenario similar to the last price rally above...
Long here with a few targets, Silver market extremely bullish which is pushing price higher here. Solid fundamentals DYOR