SELL GOLD WITH BUTTERFLY HARMONIC PATTERN TILL 1250$
After putting-in a solid month of June, whereby Gold- GC_F finally went topside of the previously noted all important $1375 - $1400 zone that had acted as significant resistance for the past six (6) years, the yellow-metal now finds itself in pullback mode consolidating (which should be expected and healthy) the recent thrust into higher ground as well as back...
JNUG (GDXJ) XAUUSD GOLD Tags ST Top (GANN)
"the bigger the base the higher in space" Waiting patiently for the price to breakout...
After yesterdays FOMC, we have seen a flush in GOLD. However, from broader perspective GOLD is still flagging - if that scenario is confirmed target of 1300 very much possible, with a prospective follow through to 1300+.
Price has pulled back to retest: -the breakdown level post breakdown -composite HVN Looking for price to test the levels from last fall. If price breaks above $1292 and holds, will consider trade thesis void. Support levels: -$1250 -$1236 -$1226 -$1222 Resistance levels: -$1291 Short-term play included
Gold and gold stocks breaking down as expected
New Gold Sell Signal Could Trigger Any Day with a break of support trendline and trigger bear flag.
This last chart, a Monthly price chart, illustrating the Pennant/Flag formation in Gold should be the clearest example we can provide that Gold will soon break out to the upside and rally extensively higher if our research and analysis are correct. The momentum that has built up over the past 2+ years, as well as the global demand for Gold by central banks and by...
Just admit that gold is at resistance and bearish! The chart speaks for its self. The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we...
If this scenario plays out, it's going to be a face-ripper. No position...yet.
Silver down, Euro down, Yuan up, US stocks up, Dax up, 10yr US bond up. crossing the 20 day m.a with the 26 m.a will validate a further drop of the price. also breaking 1200 will confirm that movement for intraday
DONT Forget MARS ALIGNMENT FAVORS WAR. The US 2Q GDP came in at 4.1% with a revision to the 1Q (they are still revising that number). The GDP is the quarter change... annualized. Taking the 2 quarters (2.2% and 4.1%) and dividing by 2 gets 3.15%. The 4 quarter average is 2.85%. (2.8%, 2.3%, 2.2% and 4.1%) The initial knee jerk reaction in the dollar is a...
The uncertainty surrounding the ongoing trade war between the US and China has been driving the price of gold lower, instead of higher, as would normally be the case in times of heightened geopolitical risk. This is due to the close correlation between gold and the Chinese yuan which has remained firm in recent months. The Chinese government has allowed the...
Gold has a great setup with a tight stop for a strong rally
continuation of previous analysis, after hitting LONG TARGET 3 price retrace tp 1339 and broke support.
New targets base on price. To the long side little retrace ( 1320?) and bounce back
Bullish Wedge + ABC Correction + 50% Retracement = Move Higher....Looking at this scenario as my first choice. If so, should play out this week.