This is a line in the sand resistance that has held since 2013. The run up this past few was has all the hallmarks of a bull trap. The landing will be hard!
The following are trades setup ideas in 15 mins chart for Gold Oil Futures.
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
If price action was below the AI Daily...
As of writing this, Gold is just breaking out above 1327 which has been the previous high.
The uptrend which started in end 2018 is still going strong and a confirmed breakout could open the door to 1360 which marks the major high from early 2018.
The Trend Rider indicator confirms the trend as it should and as ling as the momentum bars at the bottom confirm...
Looking at the continuous gold futures chart, there is some clear bearish divergence happening between the price making new highs and the RSI simultaneously making new lows. I am not trading gold, but this is a good opportunity to see how the price reacts when it reaches the upper resistance (if it makes it that far). In my opinion the divergence is a sign that...
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...
Shall we see how gold is doing since my last update? If you recall, on December 24th, I posted a gold analysis showing that the yellow metal should rally toward the 1356 area, to attempt a breakout above the highs. At the time of that analysis, we were sitting at 1268. Today, the market hit 1326! So, we're getting very close to testing the highs around the...
Hi friends! Welcome to this update analysis on the gold market, via the weekly gold futures contract (GC1!) Let's get right to it!
Looking at the gold market, we can see that price has been in a multiyear sideways consolidation. On the left side of the chart, you can see that gold made an all time high in 2011. Since then, gold entered a bear market correction,...
Gold failed to break out of a wedge pattern recently, but this morning is quickly rushing to break out of what was once overhead resistance as seen in the chart above.
This is a quick note to buy gold on a breakout above 1292.
Target: 1310
Stop 1284
Been doing all evening and half way into the night so will fill this out with details and sources/references tomorrow, but wanted to publish so I can send link to friends.... Stay Tuned.
(If you see mistakes - Even Spelling, please comment)
I think the accumulation is coming to its end slowly but surely 5 1/2 years 2000+ days of accumulation something similiar is going on on silver
Objective target i made through a PNF count on gold 4000$+ using 20 ATR 3 reversal the accumulation zone can still extend silver...
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!
