Looking to take profits on my position at the high 1870s, with buy-limit at certain lower support prices. I do think there is a possibility that gold could correct a solid -10%, by looking at today's move for the gold volatility index.
Thanks for the support and I'm so happy to hear messages from all that are taking trades in alignment with the risk-mmmanagment, macro-economical, and signaling education I provide; are making some SERIOUS MONEY!!. Nothing is better than reading so much feedback form so many.
From my major entry and call long in May of last year, we've had nice gains on every reentry , sticking with a solid buy buy-only strategy. Why? Bond yields are lower--and heading lower-- real economic growth is slowing. With J.P. Morgan, Citi, and WellsFargo to release earnings tomorrow, I will be sticking to this long only bias for the foreseeable future. WIll...
Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.
Providing update to my previous chart. Gold has now completed an inverse head and shoulders pattern and we're expecting the bullish momentum to continue.
BULLISH PATTERN FORMATION ON XAUUSD PAIR AMEX:JNUG AMEX:GDXJ AMEX:GDX AMEX:NUGT
Updating our previous post but so far it's shaking out just as we predicted. Bullish Leg 1 = completed Bearish Leg 2 = completed Bullish Leg 3 = completed Bearish Leg 4 = completed Big Bullish Move Expected Leg 5
Gold (GBP) daily- Up Channel, within Upchannel. Futher deatils about Up and Down channels: thepatternsite.com
ZOOMING IN ON PREVIOUS JUNIOR GOLD MINING TECHNICAL ANALYSIS
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!! Everybody’s favourite chart pattern is a possibility here in gold. Descending triangle predicts a possible $60+ drop after repeated failure to hit 1800 area. See how we react to bottom of triangle (horizontal support) @ 1681 No sell signal on RSI. If chart pattern is...
I think Gold is going to revisit the 1300 level in GDP, I am looking to enter longs between 1300-1320. Any unexpected event in the economy favouring Gold can put this off. I think if the market sells off hard into a deeper bear market, it could take Gold with it too, in that case the Gold could deep lower than 1300, which would be an amazing opportunity, however...
Analysis team placed short on GOLD @1709 with the long term target @1450
XAUUSD #Gold Bullish For Now, Reaching A Great Shorting Zone: Gold is reaching this zone where a huge monthly pattern is getting completed. It will be a monster opportunity to get involved when that HTF pattern completes.
XAUGBP has bullish higher more
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...