As any avid precious metals investor would know, the Gold/ Silver Ratio is currently flashing a strong "Buy Silver" signal, with a ratio at press time of over 87:1, this is telling savvy investors that silver is undervalued relative to gold, or that gold is overvalued relative to silver.
I believe that we could quite easily resolve the rising wedge pattern and...
Gold looking bullish in the higher time frames, has recently been forming a descending channel, or possible flag during an accumulation wave. Currently at the top of the channel and consolidating near the top. Waiting for confirmation of the breakout of consolidation area for a possible short to the lower part of the channel. Overall bullish on this, so looking...
We can open Buy position in the marked area because:
- The price is broked out the Range Channel;
- It made a pullback to the Mirror Level 1480.8;
- H4 candle closed above the Mirror Level.
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TLDR:
When the Everything Bubble pops people, including China, Russia, and everyone else might sell their precious metals (PMs), almost being squeezed out of their positions by necessity (maybe to fund actual wars, not mere trade wars). It would be the opposite of Browns Bottom, where UK Chancellor of the Exchequer, Gordon Brown auctioned off half of the UKs...
Gold broked out the Mirror Level 1480.8.
I will open Buy if D1 candle will close above and the price will make a pullback to that level.
It was an accumulation in the Range Channel last month.
That's why it's a huge chance for growth after a pullback.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in...
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...
This is an excerpt from the Parallax Report, originally published the week of October 15. For more information, please visit @themacrostrat.
"Unlike the usual relationship between volatility and equities, gold and gold volatility trade in tandem; and gold volatility (GVX) continues to grind lower since gold failed to gain momentum above $1,550 which is trending...
Use this as a guide to develop your setup
Main items we can see on the Daily chart:
a)Using Elliott wave theory, we can see a 1234 count with a 5th wave remaining
b)We can observe a Pennant pattern (4th wave) which is considered a continuation structure
c)The cloned ascending trendline supports the pennant pattern
d)Using Fibonacci Extensions, we forecast a...
Selling COLD now as it provides a good level with tight stop
See the chart for more info
Artificial Intelegence Waves
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Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume...
#Gold just broke above horizontal resistance & now looking to break up from August downtrend channel. A move above 1495 would resume the uptrend from 4Q18 (channel support recently held)
RSI also breaking out from declining resistance
$GLD $GC $GDX $GDXJ $SLV
The price comes to the lower border of the Range Channel.
It's a huge probability that it will be hitten.
I will open the Sell position only if the H4 candle will cross the border and close under Mirror Level 1480.8.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions...
12/3/19 - Closest zone entered and first order triggered. Once price moves below the higher low I will move my stop to break even. Set up will not be changed after that, but will close out by Friday if target is not reached.
First Entry
Stop: 1489.2
Entry: 1485.9
Target 1: 1477.4 (R:R=4.56)
Second Entry
Stop: 1496.8
Entry: 1493.2
Target 1: 1477.4 (R:R=5.89)
Our custom Global Safe-Have Index trending lower versus global equities i.e. demand for safe-haven assets have been lost as riskier assets continue to be supported. On a relative basis, the price is approaching a 7-month low where safe-havens may find technical support on a relative basis versus global equities. Also note we have a small bullish divergence...
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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GC1!
