Expecting an inverted head and shoulders reversal pattern to ignite a chain reaction bullish trend all the way up to an initial target of $1600. See chart for details.
Good time play the miners IMO.
FORECASTING THAT GOLD MOVES UP FROM HERE AS WE ARE NOW AT THE BOTTOM OF THE ASCENDING PARALLEL CHANEL AND JUST OUTSIDE THE REGRESSION TREND (BUY SIGNAL). A MOVE BELOW TODAY'S LOWS MAY INVALIDATE THE THESIS. LOOKIG FOR GOLD FUTURES CONTRACT TO HIT INITIAL TARGET PRICE OF $1613...
EXPECTING A SHARP MOVE UP IN SPOT GOLD OVER THE SHORT TERM. EXPECT THAT PRICE IS LIKELY TO RISE TO $1600 DOLLAR LEVEL. PLEASE FIND SUPPORTING CHARTS LINKED BELOW.
ALWAYS TRADE AT YOUR OWN RISK!AMEX:BTGNYSE:AUYNYSE:HLNYSE:GOLDNASDAQ:RGLDAMEX:GLDGDXAMEX:GDXJAMEX:JNUGAMEX:NUGT
HAVE A LOOK AT CHART FIB LEVELS. TIME TO BUY GOLD. i'LL SEE YOU AT 1600 USD / 1443 EUR. SEE CHART FOR MORE INFO. ZOOM OUT FOR FRACTAL EXAMPLE.
PLEASE REFER TO MY DECEMBER 28,2018 POST FOR FURTHER VALIDATION.
ALWAYS TRADE AT YOUR OWN RISK.
THE WORLD IS WITNESSING THE BIGGEST TRANSFER OF WEALTH IN MANY GENERATIONS. ANY PERSON, BANK, OUR COUNTRY THAT IS SELLING GOLD SO LATE IN THE LONG TERM DEBT CYCLE IS ASKING FOR WHAT THEY HAVE COMING. DON'T WE REALIZE THAT THE EXCHANGE OF WESTERN GOLD IS ONLY MOVING IN ONE DIRECTION! EAST!
I CAN'T UNDERSTAND WHY THE USA IS SO WORRIED ABOUT LOOSING IT'S...
Like the near-term short setup on OANDA:XAUUSD Gold here. The stars align for NUGT at a target price $32-$33 USD
having a look at the 30 min chart, we have a convergence of indicators and patterns at the 100% Fib + head and shoulders target price + recent low + trend line.
Good Luck. Nice entry point for a long positition at the TP as well.
We experienced heavy selling pressure on gold today once the head and shoulders pattern was confirmed at 1292 neckline .
Will be going short at 1283 with a cross of the 20 and 50 period simple Moving averages. It’s also a match at the 618 Fibonacci retracement level. Looks like The 20 day moving average which is near 1255- 1256 will be a good place to cover
Recent confirmation of neckline on daily head and shoulders pattern indicating significant drop in gold is imminent.
A breach of this neckline will invalidate the pattern and the sell opportunity.
Sell gold here Target price to 1215
Do a little research on Basel 3 and the implications for gold. Explains all the central bank purchasing lately as well as why the dollar has risen along with gold. AMEX:GDXBITFINEX:BTCUSDInterested to hear everyone's thoughts. The Basel III agreement is to be implemented on March 29th.
Everything aligns on this reversal pattern. Trade above 1311 for a initial extreme short term price target of 1315. Fractal pattern likely to continue until Target 4 @ 1360 . Buy the dips.