Cosmic Gravity predicts that price will continue to rise at least until targets (see chart) based on a high bullish:bearish signal ratio across 2 timeframes.
W Formation is forming nicely on Gold and we are just waiting for a breakout.
There are MANY elements to include in this analysis.
1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up.
2. The downtrend has broken and the price has entered into a bull market.
3. Investors are...
Gold has rallied massively, breaking through to the $1700's. Yesterday, we tested our level at $1683. As predicted, it provided resistance. A pullback tested $1670, where we immediately saw a strong pivot. Then momentum continued through $1683, and several levels after that, solidifying the $1700's. We reached as high as $1720 before a red triangle on the KRI...
The same vulnerability that existed last week (see idea linked below) is only a reversal day away and we're still in the downtrend channel. Rather than being somewhat inside the channel like we were last week, we are now just inside the upper edge which makes for a great risk/reward short entry. Copper is similarly at a trendline (actually a confluence) and has...
hit the first trim target at the fib threshold 100% .. now buy more at the shallow fib and then sell more at the fib ext area.
is there something gold is telling us that bitcoin is not?
Fibo
Look for a test of prior swing high of 1738.7, which also is right at the 24 week EMA. This would be a bullish move since it takes over the 61.8 % fib mark; this mark would then become support.
The period from 11/11 until year end is a period of seasonal weakness for the dollar index DXY. This should lend further support to gold prices.
gold is looking to close the gap. I believe gold will buy up to 1683 - 1684 consolidate the area and return back down to previous support resistance zones.
Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short...
Technicals are shaping up for a strong bull move, as for technical we have Price divergence and MACD Divergency, so the technicals are showing an upside, also while big institutions are buying gold by the bucket and hedging against futures with options, this suppresses the price.
Now what concerns retail investment, we can start positioning to the long side and...
Gold broke out of the 1644 minor support region and fell towards the 1621 key support region, as per what we analysed in our previous post.
The extended bearish momentum (in the lower time frame) which began from 1679 resistance region towards the 1621 key support region provided an opportunity to take a long position which I personally took.
The price...
Gold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety.
Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move.
As traders suddenly...
