Traders were quite surprised to see gold rebound to $1,219 per toz. on Monday, after the precious metal was pushed to $1,140 on headlines that 77 percent of the Swiss voters voted against the SNB to purchase nearly 1,500 tons over the course of five years. Analysts can continue to be overly bearish on gold, but the fact that gold is now positive on the year is an...
On a technical basis, silver has reached a key intraday resistance level on the 4H chart – the 200 EMA. Currently, price action has been subdued with the last four approaches have been rejected. This resistance point has “supportive” resistance in the form of a descending trend line that began October 15. A close above these key resistance points could offer a...
Gold is probably the most hated financial instrument among the Wall Street elite. Higher gold prices would assume that this so-called economic recovery was not as real as they thought. Given the bearish all-out attack on gold and the well-sought after $1,000 mark, gold has be resilient and rallied quite nicely. There are a few factors for gold's rally....
On "Long on Breakout," I was looking to go long on a breakout close, which failed to happen thus no trade opportunity. Price action was rejected twice on the descending trend line. A shorting opportunity is probable, and the same close on breakout condition remains. Downside targets are in blue. This is the perfect reason why a close confirmation is needed and...
Gold has played out well on a technical basis. My previous analysis was rather spot on, as price action was leaning towards support at $1,133 from $1,170. Price found support and moved higher to resistance level one of $1,179 before profit taking today. Price action should remain within the descending channel, while a close below it will likely send gold quickly...
Silver has some extreme bearishness built up behind it. I am bullish long-term, but we are very likely to see a $14-hand on the metal. The nearest support is found at $14.62, while resistance can be seen at $15.60 (broken support). There are some growth worries out of China, which could give short-term support. However, there is endless central bank intervention...
Gold is on the verge to break below a multi year support. The support line is the blue oblique line on the chart, the latest is currently being attacked and a confirmation of the breakout would trigger a free fall to 1046$-1050$.
Gold and silver look promising. Gold breaks out of a strong descending channel, trading above the 50-day EMA. Prices likely to trend to supply zone between $1,247 and $1,254. Silver looks to have found a bottom, although strong resistance near $17.78. Get my full review here: tinyurl.com
Here is my short-term view: tinyurl.com A continued weakened USDCHF will support gold prices.
Gold, like silver, is forming a significant bottom as its weekly and daily RSI, Stochastics and MACD have all either turned higher or are completing their bottoming stage. Significantly, gold appears to have bounced off a major support that held May and July 2010, and June and December 2013. A respectable key upside target in the 1340 range can be expected based...
Silver, like gold, is forming a significant bottom as its weekly and daily RSI, Stochastics and MACD have all either turned higher or are completing their bottoming stage. Significantly, silver has been trading within a price range that previously saw consolidation activity in the summer months of 2010 before silver skyrocketed to near 50. I`m not suggesting...
Gold seen support, forming a triple bottom near 2013's low, which still remains solid support. $1,239 still remains an intermediate target before higher longer-term resistance levels are reached. In my opinion, given the overall bearishness, if the economy and such was so remarkable, gold would have sank by now. Even four-year highs on the DX couldn't send it...
What I'm thinking: bullion.directory
SETUP for a Swing Trade with 5 to 1 and 10 -1 risk reward. ENTRY Range, Initial STOP, and 2 different Target levels listed on Chart. Any Questions happy to answer how I use this setup to make consistent profits. Setup= 1. Bollinger Band extreme with strong bullish candle followed by 2 days closing above that candles low. Pattern has repeated again and again. ...
This is a side note continuation about "XABCD Should Extend The Trend!" subject. This is my real life experience of buying a physical gold (coins, not much quantities, it was my first time doing that). Using my technical analysis for the reason to buy. In 2013 I bough some gold almost exactly at the time this small Gartley was finished forming (little pointer...
In the last published chart, I highlighted the short term triangle with expectation of bearish resolution. This duly took place though the downside target of 1220 zone was not met. Since then the rally has been in what appears to be 3 swings ie abc, not impulsive, but corrective. Therefore, I have revisited the move of the Dec 2013 low and whilst it looks very...
Friends, A bearish market reversal signal was emitted from my prop system, defining new bearish targets, namely: 1 - TG-1 = 116.76 - 28 APR 2014, moderate-probability and 2 - TG-Lo = 115.38 - 28 APR 2014, low-probability While this signal is offering a dominant directional bias, one should remain open to frustrating contingencies. Therefore, let us define...
Friends, Last January 25th, 2014, I defined a bearish target as TG-1 = 18.815 - 25 JAN 2014, and offered the following note: ------------------------- #XAGUSD: Predictive Analysis / NEW Target | #XAG #XAU #Silver #Gold - For the record, chart annotated as: "xagusd - 2014-01-25 - h4- new TG-1 = 18.815 - 25 JAN 2014 - 4xquad forecasting" TECH-NOTE: #Silver...