$GC_F price will carry up to the 1318, where is a good target for an Intermediate-degree wave E. (likely as an extreme point of the triangle wave ((B)) )
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From a graphical point of view, GOLD is currently inside a bullish channel, and, more broadly, in a flag. In theory, the flag suggests a continuation of the previous bearish trend, although, in recent months, technical analysis has worked only a few times. The price is back above the important resistance in the $ 1,240 area, and Friday has carried out what would ...
RSI with EMA Signal Created By Request For @motcha1
@motcha1 Requested the RSI with EMA Signal.
A Larry Williams Follower who says it's a Great
Entry Signal when RSI Crosses EMA When VIX
Is Showing A Potential Bottom. Looks Good!!!
***Waiting For The RSI To Cross The EMA I’ve Found To Be A Very Precise Entry Without Getting In Too Early. Thanks ...
Hello everyone,
this analysis is made for everyone who is interested in long-term perspectives in the precious metal sector. As I mentioned in my last analysis in August 2018 there was a significant low at $1.167. A small but profitable long trade. So far, so good!
BUT now I think gold will go down! I see three scenarios…
Scenario 1 – red/blue line, chance ...
Potential short for a pullback on gold. Previous structure resistance might act as support in confluence with the .382 retracement (price target 1) for bullish continuation.
A dismal year for gold bugs, but one which perhaps is going to end on a more positive note based on the weekly chart, which has seen a classic accumulation phase develop for the precious metal. Note in particular the initial stopping volume of w/c 13 August, with further sustained buying through to 8th October.
Last week's price action was seminal, with gold ...
2018/09/11 It seems that MM are getting into shorts heavily, while still at their maximum in terms of total contracts.
So they are not exactly exiting gold for better opportunities. But they are a fast reacting category, so I see this as an opportunistic position of them, that might change rapidly. To watch
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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COMEX:GC1!
