GoldBands

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GCJ 39% | 34 GC1! 28% | 25 NGJ 13% | 12 GCZ 6% | 6
GoldBands GoldBands PRO GC1!, D, Long , 2 days ago
GC1!: Bollinger Bands and the Coast to Coast Move
20 0 4
GC1!, D Long
Bollinger Bands and the Coast to Coast Move

One of my favorite uses of Bollinger Bands is to participate in what I call a 'Coast to Coast' trade. This is when price breaks from one of the outside Bollinger Bands and then reverses and moves towards the opposite Bollinger Band. Along the way to completing the opposite tag, price will often react off the 21 day moving average. You can clearly see that on the ...

GoldBands GoldBands PRO GC1!, D, Long , 2 days ago
GC1!: Gold Rebounds off the 7 Day Moving Average
31 0 4
GC1!, D Long
Gold Rebounds off the 7 Day Moving Average

Gold dipped lower in the overnight session but then rebounded off the 7 day moving average. Price is now at the top of the weekly highs and looking to move above 1250. I've added a second haDelta indicator which is set to track the weekly Heikin-Ashi candles. Now both the daily and weekly are aligned in blue. This is a great way to stay in the trade and to filter ...

GoldBands GoldBands PRO GC1!, D, Long , 2 days ago
GC1!: Gold Pauses and Moves Sideways
29 0 4
GC1!, D Long
Gold Pauses and Moves Sideways

Gold traded down 3.6 points on Thursday and while it was a down candle, the bull move is still supported by a green Heikin-Ashi candle. It would also be unusual for price to not move past the inner Bollinger Band. As you can see on the Heikin-Ashi version of the chart, the uptrend still appears to be strong; https://www.tradingview.com/x/5Wy5CQFk/ The weekly chart ...

GoldBands GoldBands PRO NG1!, D, 3 days ago
NG1!: Natural Gas Moves Sideways
52 0 4
NG1!, D
Natural Gas Moves Sideways

Natural Gas today stayed range bound, unable to break the 3.087 price. That price is also at the middle Bollinger Band. Support for the day is provided by the 7 day moving average, the purple crosses on the chart. There are some signs that price wants to go higher. The Heikin Ashi Delta indicator is blue, signaling an upward move. And usually you would expect a ...

GoldBands GoldBands PRO GC1!, D, Long , 3 days ago
GC1!: Gold Extends Rally into 6th Day
56 2 5
GC1!, D Long
Gold Extends Rally into 6th Day

On Wednesday, Gold continued to climb higher, extending its rally for a 6th straight day. On today's chart, I've put back my triple Bollinger Band setup so we can get a better idea on what price is doing. We are currently at the inner Band, which is set to 1.0 Standard Deviation from the 21 day moving average. It looks pretty certain that gold wants to move to the ...

GoldBands GoldBands PRO GCJ2017, D, Long , 4 days ago
GCJ2017: Gold Continues to Rise
16 0 3
GCJ2017, D Long
Gold Continues to Rise

Gold closed higher today, up 12.3 points. In the first big push above the 21 day moving average, gold had started the day back under the 21 day moving average but didn't fall as far as the 6 day moving average before springing back up. The next target is up at 1269 where the upper Bollinger Band and the 200 day moving average are waiting.

GoldBands GoldBands PRO NGJ2017, D, 5 days ago
NGJ2017: Natural Gas Reverses and breaks above the 21 Day Moving Average
16 0 0
NGJ2017, D
Natural Gas Reverses and breaks above the 21 Day Moving Average

Natural Gas reversed direction today and closed above the 6 and 8 day moving averages. In a statistical anomaly, and sharp reversal, price did not touch the 21 day moving average. I closed my short trade for a small loss and I am now neutral. Even though the new Heikin Ashi Delta indicator has turned blue, there is resistance directly above in the form of the the ...

GoldBands GoldBands PRO GC1!, D, Long , 5 days ago
GC1!: Gold Closes Above the 21 Day Moving Average
32 0 2
GC1!, D Long
Gold Closes Above the 21 Day Moving Average

Gold closed up 5 points on Monday to end the day at 1234 which is above the 21 day moving average which now sits at 1228.60. Today I'd like to introduce my new chart layout which now includes a Heikin-Ashi Delta indicator which was originally developed by Mr. Dan Valcu. Based on Heikin-Ashi candles, there are 3 main components to the indicator. The first and ...

GoldBands GoldBands PRO NGJ2017, D, Short , 9 days ago
NGJ2017: Natural Gas Continues to Descend Through the Cloud
30 1 3
NGJ2017, D Short
Natural Gas Continues to Descend Through the Cloud

Natural Gas continued to move lower and through the Ichimoku Cloud. Next stop looks like the 21 day moving average, the gold line in the middle of the cloud. Remember, hitting the 21 day moving average after a breach of the 8 day moving average, is a high statistical probability. Disclaimer: This post is for educational purposes only. Trade at your own risk.

GoldBands GoldBands PRO GCJ2017, D, Long , 9 days ago
GCJ2017: Gold Closes Higher in Wake of Fed Rate Hike
17 0 3
GCJ2017, D Long
Gold Closes Higher in Wake of Fed Rate Hike

Gold closed 6.6 points higher in the first full day of trading after the Fed announced a new interest rate hike. Price closed above many of the moving averages, including the 6, 8 50 and 100. It also closed above the 21 week moving average. In addition, as I called out yesterday, price did tag the 21 day moving average as was expected after the close above the 6 ...

GoldBands GoldBands PRO GCJ2017, D, Long , 10 days ago
GCJ2017: Fed Raises Rates and Gold Rises in Turn
10 0 0
GCJ2017, D Long
Fed Raises Rates and Gold Rises in Turn

The Fed today announced an increase in the Fed rate. This was not a surprise. What was surprising is the Gold rally that followed. In fact, Gold blasted through all resistance levels, including the 6 and 8 day moving averages, the 50 day moving average and the 21 weekly moving average. The Heikin-Ashi chart also shows a dramatic change of direction (see ...

GoldBands GoldBands PRO NGJ2017, D, 11 days ago
NGJ2017: Natural Gas Closed Under the 6 Day Moving Average
15 0 3
NGJ2017, D
Natural Gas Closed Under the 6 Day Moving Average

Natural Gas fell today in trading to end the day under the 6 day moving average. This could be the first sign that the bull move over the last 2 weeks is over. With price closing right at the 8 day moving average and the top of the Ichimoku Cloud, we also had the first red Heikin-Ashi candle in 9 days. My strategy calls for waiting for a close under the 8 day ...

GoldBands GoldBands PRO GCJ2017, D, Short , 11 days ago
GCJ2017: Gold moves sideways in Prelude to Fed Meeting
19 0 2
GCJ2017, D Short
Gold moves sideways in Prelude to Fed Meeting

As the United States and the rest of the world wait to hear if the Fed will raise interest rates tomorrow at 2:00 pm EST, Gold continued moving sideways right at the 1200 price level. Price did remain under the 6 day moving average and under all other significant moving averages as I have been pointing out this last week. In addition, we have now finished our 10th ...

GoldBands GoldBands PRO NGJ2017, D, Long , 12 days ago
NGJ2017: Natural Gas Continues Moving Up
35 0 4
NGJ2017, D Long
Natural Gas Continues Moving Up

Natural Gas continued its bull move up, closing above the Ichimoku Cloud. There is resistance above with the 50 day moving average and the 21 weekly moving average at 3.11 and 3.15 respectively.

GoldBands GoldBands PRO GCJ2017, D, Short , 12 days ago
GCJ2017: Gold Moves Sideways in Light Trading
11 0 4
GCJ2017, D Short
Gold Moves Sideways in Light Trading

As the Fed meeting is scheduled for this coming Wednesday, trading was very light today for the precious metal. Price hovered just above the 1200 mark after hitting a high of 1210.9. That price level coincided with the 6 day moving average as well as the 21 weekly moving average. You can see those levels on the chart as the purple cross and gold dot respectively. ...

GoldBands GoldBands PRO NGJ2017, D, 16 days ago
NGJ2017: Natural Gas Continues To Rise Through the Cloud
35 0 3
NGJ2017, D
Natural Gas Continues To Rise Through the Cloud

Natural Gas continued to rise today, closing at 2.974. I admit, I closed out this trade way to early. I could have re-entered yesterday but did not want to because price ended the day at the 21 day moving average and at the top of the 3 day range. However, taking profits is never a bad thing :-). We now have 7 green heikin-ashi candles in a row. Let's see if the ...

GoldBands GoldBands PRO GCJ2017, D, 16 days ago
GCJ2017: Gold Keeps Falling, Breaks Below 1200
29 0 3
GCJ2017, D
Gold Keeps Falling, Breaks Below 1200

Gold slowly consolidated today after selling off 5 points at the start of the overnight session. Then at the end of the day, price fell through the magical 1200 level (magical only because it's a nice round number :-) ). We now await the non-farm payroll numbers tomorrow at 8:30 am EST. If the ADP numbers yesterday are an indication, this number may beat the 200k ...

GoldBands GoldBands PRO NGJ2017, D, 17 days ago
NGJ2017: Natural Gas Closes at the 21 Day Moving Average
22 0 2
NGJ2017, D
Natural Gas Closes at the 21 Day Moving Average

Natural Gas moved up today, completing the closing of the Gap from Sunday night. Trading right at the 21 day moving average, there are mixed technical signals of its next move. Green on the Heikin-Ashi and a rising Stochastics are bullish but trading at the top of the 4 day range and in the middle of the Ichimoku cloud are Neutral at best. Also, the weekly chart ...

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