Gold Futures COMEX:​GC1!

The down-sloping Fork reveilles the most probable path of price. And we see how price reacts to the Forks balance line, the Centerline (CL). It's just wonderful, watching the ebb & flow of this market eve on this lower timeframe. I would not immediately short it but wait for a better tell. Reaching the orange zone would not surprise me, since this is where real ...

Right side of the chart: See how it broke the last time? There was a retesting at the L-MLH (white) going on. Then in the middle it pierced the upsloping orange, dotted Pressure-Line. Now, compare it to the actual situation... One of my coaches in the earlier days always told me: "Before you cut meat, you must sharpen your knife". In Trading the Grindstone is ...

Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their ...

In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.

Turning negative again $DXY, $GLD

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 ...

One last drop of Gold ???

Gold created a new monthly low towards Fridays close which we have not seen since late December. I suspect we will get a nice pull back early on in this week and should pull back to 1300 resistance mark. Updates will be posted in the comments.

TRADING RANGE

If DT, PO at 1240-1230 area $GC_F, $GLD

This is mid-long term. Intro Conditions in stock markets need to unravel soon or at least by the end of this year. Pay attention to the situation in EU and Canada with related markets. Will gold drop below 1300 now or will it keep rising? Things to keep an eye on: Yield curve (and FED working on the short term rate). Inflation (rising since 2015). Commodities ...

As I suspected earlier, gold needs one more washout. Compare the scenario we are in right now to the boxes on the left hand side of the chart. Almost identical. I expect indicators to be intact, or further form a bullish divergence, before the real rally starts. With large speculators blown out, the move should be explosive. The rally could have already started ...

I made an about face on my bias of gold yesterday where I flipped from bearish to bullish. This doesn't mean I am indecisive or have multiple personalities, rather it was due to watching what price was telling me. Don't ever be afraid to change your opinion of a setup on a dime. Price action and the "price story" is always changing, and thus our bias' of that ...

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)

Longing gold here, Z could be over, will evaluate reentering at lower levels, this is long term. Targets on chart. Bullish Black Swan pattern Long term trendline support Volume profile support zone Good luck! I'll post updates as soon as I can or see something strange.

I have to keep this short due to time constraints but notice there is a bullish flag pattern forming that can clearly be seen in the 1 hour and lower time frames. A breakout would push price above today's highs.

It offers a good opportunity to sell in gold. The course is currently oscillating within the specified ranges. Sell high buy low - Never forget!

As you can see from the chart, the big Bearish Candle caused the breakout of both the Bullish Trendline & the long-term Strong Support Area. Bearish Volume is high but the RSI is almost oversold. At this point a new Bearish Parallel Channel can be created. But can this new channel sustain a new downtrend? I don't think so. Currently the bears aren't strong enough ...