GOLD FUTURES

GC Gold possibly wave 5 in for a pullback

TP is in the green zone SL is in the red zone

Gold Sell 1248-1263with Tgt 1170-1130 $ Zone Sl 1285$ .

Gold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising. So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.

Just some observations. Would imply dollar goes up and gold dies - right in time for a ECB and Japan or China rate cuts / other currency devaluations.

Gold has only been cheaper relative to the S&P 500 once in the past two decades. You might also say stocks have not been more expensive relative to gold since the dotcom mania. Either way, long-term investors might consider the ramifications of a reversion to the mean here in coming years.

Studying gold price behaviour, the weekly graph attached is what I see. Price is contained in a channel. On weekly price looks to have headed right into resistance. It could pop over it and continue but I think here it would be a good odds trade for some puts. In any case, there will be a nice gold shorting opportunity once price reaches the upper resistance ...

Note: This morning I learned that the TradingView Blockchain is more immutable than Ethereum or Steemit or just about everything else except Bitcoin. This is because I was not able to edit last night's post not even description. Here is the Description and I also tried to re-scale the info on the chart so that it all fits after a compressed "Publish" view (guess ...

On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up. Trading Advice: Risk: Start with a small buy position, add more at the support or when the upper range has ...

I discussed various times the Gold/Treasuries/DXY/JPY Correlation. Here a reasonable Argument for the relevance to watch also a normalised DXY weighted Gold price against JPY and Treasuries. We had 2 nice motif completions with hitting Target almost ON POINT. The next Target is Gold in the sun 1100 Region. And remember: The spread between Gold/DXY chart and ...

Gold has had a rough go of late, but there is mounting evidence that not only is the downtrend near it's end, but we could be setting up for a sizeable rally. Here is the setup: 1) The COT report is tipping us off to a bullish undercurrent that is hidden by the weak technicals... I score participant activity and net position over a 18m + 5yr basis factoring in a ...

GC

... interested buyer around 1207-1210 area.

No up again .. unless break up above support line again

Gold still work inside channel and broke Support Line .. Gold will bloody down unless break up Above Support line again

IH&S PO at 102 area $SI_F

Correlation with gold turning negative $GC_F

GOLD TO 1240