As we mentioned...there isn't a lot to do with Gold (GC). It getting close so we are keeping a close eye on this for a big break. No position at this time.
Flip a quarter...it's getting whippy in the middle which means we are getting close to a direction. We are keeping a close eye on this for a big break. No position at this time.
JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel.
Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse.
Should the...
When you look at ALTERNATIVES to the S&P500 for the last 10-years, these were two of them. Look at how well they have done.
Haven't you heard enough trash-talking about China and Gold? Isn't it amazing that we forget how well these markets have performed RELATIVE TO the S&P500?
The S&P500 is up 80% in 10 years (excluding dividends of roughly 2% on average). ...
Hello all,
While I am really not surprised, it would seem one of our WDB options setups is looking technically quite bullish at the moment. To that end I thought as apposed to just updating the original post I would take the time to review the trade in earnest and publish a new one. The notes you see on the chart are the same from the original post. I did that on...
And we are flat! As suspected the FOMC news would create a lot of volatility. We will keep watching GC1! to see if anything else sets up. However, this is a great example of how it's important to manage your trade. DON'T get married to any one trade. There will be plenty more in the future.
We are still hanging onto our shorts here in GC1!. We would like to see a test of the recent lows. We are in a "free" trade and will tighten the stops further due to FOMC, Yellen speaking and issues in the Middle East. WHile we beleive we could test the 1180 area this year we don't trade on what we think....we trade on what the chart tells us. Trade well!
We are still short GC1!...however, we didn't add to our shorts. While we expected a move back to the breakdown area the buying has been very heavy so we will keep stops in and see if we can't test the most recent lows. With a conflict happening in Iraq, FOMC meeting and Aunt Janet speaking this week we could see swift moves which could take us out. If that...
We are still short GC1! with one target under our belt and stops moved to reduce risk. We are expecting a another leg down. Study the posts on GC1! we placed. We see this type of pattern in a lot of markets and they can pay you big. You have to stay patient...check your emotions at the door and trade your plan.
Goldilocks is off and running. Per our past posts we had been leaning long but we exited all positions because this coil was getting tighter. The bears won this battle and we are short. We are expecting a fairly large move so we will trim and trail on the way down. One key to successful trading is to push the trade as far as you can. It's hard to do but most...
Finishing a harmonic ABCD move at structural resistance seems to be in the cards.
The structural support and trend lines comes in between the 78.6 & 88,6 fib ...Could be making a hammer here going for the lowest fib and bounce!?!
Safe trading Ladies and Gents!
@BLawrence (I have often a quicker running updates on my Twitter account)
Music at...
Gold seems to be making either a 3 drive to a bottom harmonic pattern or a harmonic butterfly.
In case of the 3 drive to a bottom - the bounce area is the 61.8 fib retrace
The butterfly is in a conservative view to bounce for the 78,6 fib retrace at 1554.... but could if gold bugs is in ecstasy go as high as the 88.6 fib retrace at 1725
Safe trading ladies and...
ALREADY HIT POINT B=1303.60
NEXT POINT TARGET C= 1285-1288 I TOOK 1288 SINCE I SOLD AND 1288 IS A SURE THING...
ON THE OTHER HAND ANOTHER BUYING LIMIT SET @ 1286 TP IS 1300 BUT ON THE PATTERN I'M EYEING ON
THE 1310 WHICH THE POINT D THEN ANOTHER BEARISH WILL OCCUR.
FOR THE MEAN TIME LET'S FOCUS ON THE POINT C
HAPPY PIPS EVERYONE!
nearly 2 months going between 2 MA. I am still waiting around 1080-1120 areas.. Under 1274 target will 1222...
1274 is key level for sell pos... above 1303 again will cancel 1222 target...
I am trading short side...
Dear Traders,
Gold Posted very nice rebound from the support level of 1272 a swing have start we have to long 1295 for 1322 this week., Posted by Gunner Signals Provider Contact +92-334(3877744) Whatsapp support available.
The gold sector has been rather sanguine of late and considering the lack luster performance of the underlying, that sector under performance is understandable. I believe there are areas within the gold space that are starting to offer 'value' investors some very interesting propositions. The great part of 'value' investing is we are often presented ideas when...
