IF you had been following the series of The Gold Odyssey, you would know how well the probabilities are in the analyses. To the point, Gold is ready to break its almost three year consolidation (huge) range. 1. You can see the powerful reversal off the mid-range support; 2. The candles show and project good momentum to follow through; 3. A trend line breakout...
AMEX:GDX Trend Line Break, echnical breakout in the chart of AMEX:GDX , which is an ETF that tracks the performance of companies involved in the gold mining industry. A "Down Trend Line Break" to the upside is typically seen as a bullish signal in technical analysis. It indicates that the security in question, in this case AMEX:GDX , has broken through a...
A pullback in yellow wave (2) almost hit 61.8% of yellow wave (1). Now we see the strong minor impulse to the upside. It can be a part of large yellow wave (3). The target is projected at the distance of 1.618x of wave (1) with aim at $2,577. Watch how price breaks above the top of wave (1) beyond $2,086 Risk/reward is 1:2.5, one could get it better if goes on a...
In technical analysis, a "Double Bottom" pattern is a bullish reversal pattern that typically signifies a potential change in trend from downward to upward. In the context of AMEX:GLD (Gold), spotting a Double Bottom pattern suggests that the asset has tested a support level twice and rebounded, indicating strong buying interest at that price level. This can be...
The attractiveness of Gold is tarnished When cash instruments yield a positive rate of return More and more people are getting on board of higher interest rates (Dimon, Santelli) But u can see the Gold price has been inversely correlating with the rate of return for decades. It's bull run in the 2000's along with the commodity bull , coincided with real rates...
#GOLD sell we posted (trading portion) was SPOT ON (tee hee) Barring something out of ordinary AMEX:GLD is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day. The precious metal is likely headed towards 1800 area. The last chart shows all major support levels by...
TVC:GOLD chart mapping/analysis for short-term swing trade strategies.
TVC:GOLD chart mapping/analysis for med-long term swing trade strategies.
Gold seems to have found its bottom around a pivotal point where it has played as a support and resistance for a long time. Also, it corresponds cleanly with 0.382 fib ratio, and from here the path to creating a new ATH is clear.
Expired GLD Weekly outlook. 3rd WK SEP 2023 > NEUTRAL 📊 CORRECT Closed Price: 178.34 Target Price: 178.42 | Strike Price: 179.38 SEP18 Upper Range: 183.84 Lower Range: 172.99
Expired GLD Weekly outlook. 2nd WK SEP 2023 > NEUTRAL 📊 CORRECT Closed Price: 178.08 Target Price: 178.48 | Strike Price: 178.59 SEP11 Upper Range: 183.91 Lower Range: 173.05
Just thought I'd try posting a daily report. This is the first of hopefully many more. Let's see ow long I can do this. At some point, (hopefully soon), I will be placing a swing trade. That is lasting a week or two.
A move similar to magnitude of Spring 2020 is lining up, with bullish tilt. ready, set, GO! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Expired GLD Weekly outlook. 1st WK SEP 2023 > NEUTRAL 📊 CORRECT Closed Price: 180.11 Target Price: 179.67 | Strike Price:178.64 SEP5 Upper Range: 185.15 Lower Range: 174.19
BTC has been underperforming Gold since Dec. 2021. Since the start of the year, BTC vs Gold has been outperforming in a corrective move that has now broken a bearish structure. This chart has many implications which I won't go into now. All anyone needs to know is that Gold is better than BTC right now from a risk-reward stand point.
AMEX:GLD Bearish To bullish Reversal The technical analysis of the bearish-to-bullish reversal in the context of the GLD (SPDR Gold Trust ETF) involves the observation of key price actions, trend lines, and moving averages. This analysis suggests a potential shift in sentiment from bearish to bullish. **Bearish to Bullish Reversal:** The first notable point is...
(Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of...
Over a period of time what is better to trade and invest in a gold futures based ETF or instead the TQQQ , a leveraged and popular ETF tracking the NAS100 and NASDAQ. To analyse, this I put NUGT on the daily chart and superimposed the price action of TQQQ. Starting one year ago, NUGT had the better price action in an upward facing megaphone pattern...