There was a huge rapid upswing in gold from 2008-2011. After a large rapid rise there is often an expended sideways consolidation IFFFF the longer term bull market is not over. I favor it is now over as I still favor long term the US dollars fall is not over. The action from 2012 to now may be part of such a extended consolation. We now have potential saucer...
Implications and Outlook
1. Price action is continually confirming the value of the intermediate-term bearish sentiment of Key Support $1291 and Gold Dip to $1283.
2. The violation of the intermediate-term Gold Dip will undoubtedly bring serious of the bearish implications, having downside targets to next Gold Dip $1269, while Mean Resistance is just above of...
Gold Implications and Outlook
1. The retest of Key Support in Gold (highlighted by Green arrow) targets $1,338 Mean Resistance. Another way of looking at this chart would be that it has evolved from the bottom of the critical range and may even end up back near the top of Key Resistance of $1,363, which is higher than three percent away.
2. Gold continues to be...
Hey guys, here is my analysis for GOLD.
My point of view is bullish. I consider this trade as short-term trade and I will describe why, but firstly leek look at long-term sentiment.
Gold from weekly chart looks great for long. There have been some consolidations, BUT , gold is making higher lows from weekly chart. Now the situation is, that gold is making a...
In spite of the latest pullback in Gold and impressive rally in the US Dollar, the central banking kingpins around the world are now in full retreat in some key market segments. This means the banksters in the huge Fed trading room are incredibly active, attempting to avoid problems which could escalate into significant marketplace dislocations.
In regards to the...
In the last 5 days Gold could not over come one days loss 6 days ago. That is not bullish. Personally I’ve taken a short position and will add on uptrend line break My stop is a close> 1384. Process your way.
With another crazy trading week, record short covering up has taken place in the Gold market, by the usual suspects (bullion banks, and commercials). The huge upside breakout with the metal is imminent.
Unquestionably, the least expensive asset class in the world is the Gold and Silver, which continues to be continuously suppressed (Magical price of $1400) by the regular suspect's (Bullion banks, and commercials). All upside movements are capped, without follow-through allowed. When one looks at how much financial debt has been produced throughout the world since...
Since 2013 after a large rapid rise we clearly have been in a sideways consolidation. Is this just a pause before we another big rise up? Or is this just part of a much larger sideways consolidation and the next move will be down? I don't know of course. On the positive side the down trendline from what I've labeled BB has been broken to the upside (see weekly...
Gold is off $15 as of this writing triggering our 'Buy#1'. Promoting the notion that this was a stock rebalancing trade as opposed to anything else. Can physical Gold and Silver prices will ever get away from price suppression and manipulation? Not likely. My observation is that commercial and bullion banks will control them up until the very end up until you have...
While we close out trading for this week, there are many questions, such as with all the current uncertainty, why there isn't any considerable rally in the Gold market. Even Fridays price action has just taken the market back to the $1350 price level, nonetheless beneath the $1362 figure established earlier.
The answer is: there has been extensive short covering...
Trading Signal
Short Position (EP) : 1330
Stop Loss (SL) : 1335
Take Profit (TP) : 1323
Description
GC2 future formed Turtle Soup Sell at hour time frame. Sell Stop position at 1330.0 When the position has entered, place take profit before 0.618 level of Fibonacci Retracement (1323) and place stop loss at 1335.0 When the price go down below 0.382 level of...
Now that GDX the miners has fallen into the target box I gave a few days ago (see link below) I wanted to take a look at gold as well. Longer term I am expecting to to break out above the overhead resistance but it could take awhile given the amount of resistance ahead (see weekly chart.) To me it is interesting that the weekly RSI had a long term bullish...
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