A Golden-Cross is a bullish event. The SPDR GOLD TRUST (GLD) looks to be setting up for one in the next several days. I have marked up the last 2 times this has occurred with this instrument, with some data to keep in mind.
As I have noted on the daily chart, it is important to understand that a Golden-Cross requires some serious momentum to push the 50-day ...
Good day folks,
I reviewed my mid-term view on gold, and I think that it is pretty obvious that the metal will shine this year. As per the title, I expect 5 to 10% upside for the year. We gonna see later if the stock reverse at 128 and close under the red line (resistance 1). In such case, GLD would be in a triangle. If it breaks out, the channel will be my ...
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 in US Dollars - recent history and near future
Gold tapered then pulled back from 6 month highs while the NASDAQ rebounded from a correction - coincidence? AUD Vantages anticipates the pull-back to continue to $1,250 USD within Q1.
This chart is screaming for a breakout
The SPY is screaming for a retrace down
We are waiting for a confirmation breakout above the upper yellow resistance line at which point we will enter a long towards the targets set forth on the chart.
Best of luck traders
The gold market finished strong at the end of 2018. Based on the technical analysis, the market expects to continue the momentum. The GenXInvsting strategy has a long option open to target around $126 to capitalize on the momentum.
As the markets move into 2019, it appears that gold (GLD) is beginning to get its luster back.
Gold prices have risen since bottom in early October, as market volatility and macro issues continues to plague the financial markets.
With strong technical patterns also confirming investors' bullish sentiment on the commodity, our price target for GLD is at $126.11.
7 year to peak, 7 years to consolidate... 2019 should hit resistance and 3-7 years of blast off
buybacks went to the pockets of executives, lack of investment on human capital, Chaos for being so unprepared in most companies.. perhaps GE lights out, JC Penny, Sears and more failures to come in Loans and Credit
Time to pay the piper