everybody hates gold now => time to load up especially if you've missed the 5 years old train. My bet is Gold will retest its highs in the following months. This is a terrific opportunity to express a contrarian view. All central banks are in money creation business till infinity. This is a no-brainer really.
Gold Price Down Use Fibonacci Cluster to find the possible ending target.
Alternative currency commitment of traders report showed hedge funds and other speculators still remain extremely underexposed towards the precious metals sector. Hedge fund positions on Gold remain at very low levels of 43.7 thousand bullish contracts, while in Silver positioning are at some of the lowest ever at only 3,900 contract level. Hedge fund positions on...
Note the accuracy of the bounces. It is a reliable pointer to the correct approach.
The best point of sale for 132(back test). The best point of purchase for 136(back test).
Possible MM to 118-123 area on break below 132's
Large gaps are not sustainable for long periods of time, so usually they are followed by a counter wave. After the counter wave is done the stock will continue to go down trend or be flat for period of time. This counter wave gives an opportunity for option traders to buy contracts at cheaper premium. Also to put into consideration is that April options expiration...
MAY JUN JULY....GOLD WILL GO UP...USE 10% RISK LONG POSITION
Gold broke long term support.. Here is a 8 year view. Long term I am very bullish on gold. But time frames.. Anyway. Key aeas to look for a bounce or to short below are shown on chart. Watch those lines. I expect the bottom one to bounce strongest if ever gets there. Bearish all around.. but can bounce here. Even with expanding volume. But note this was NOT...
Gold has more work to do but this Fib pattern is saying gold may churn around for several more months and then develop into a buy signal. Gold takes time to develop big buy signals. As long as key support of 151 holds then the gold bull is well and alive. If 151 is decisively broken to downside then it opens the door to a much longer pause for the gold...
There is no easy answer for the European Union regarding Southern European Nations. The banks in Cyprus had grown fat on deposits of Russians, much of that money came from Russian mobsters using Cyprus to launder illegal funds. On top of that Cypriot Banks lent out far too much money, especially to Greek banks and companies: Their loans amounted to eight times the...
Good bearish continuation descending triangle setup, with imminent death cross as the 50DMA looks like it's about to cross under the 200DMA. Downside target low 152s
I would be a buyer of gold here for a short term trade. Gold recently held the 61.8 retracement and has since moved above the 50.0 level. We are coming up on trend line resistance which I believe we will break through and make a full retracement all the way up to about 174. Short Term Trade- Buy 162, Target 174, Stop Loss 159 Risk/Reward is 4:1 Disclosure- I...