Large gaps are not sustainable for long periods of time, so usually they are followed by a counter wave. After the counter wave is done the stock will continue to go down trend or be flat for period of time. This counter wave gives an opportunity for option traders to buy contracts at cheaper premium. Also to put into consideration is that April options expiration...
Gold broke long term support.. Here is a 8 year view. Long term I am very bullish on gold. But time frames.. Anyway. Key aeas to look for a bounce or to short below are shown on chart. Watch those lines. I expect the bottom one to bounce strongest if ever gets there.
Bearish all around.. but can bounce here. Even with expanding volume. But note this was NOT...
Gold has more work to do but this Fib pattern is saying gold may churn around for several more months and then develop into a buy signal.
Gold takes time to develop big buy signals.
As long as key support of 151 holds then the gold bull is well and alive. If 151 is decisively broken to downside then it opens the door to a much longer pause for the gold...
There is no easy answer for the European Union regarding Southern European Nations. The banks in Cyprus had grown fat on deposits of Russians, much of that money came from Russian mobsters using Cyprus to launder illegal funds. On top of that Cypriot Banks lent out far too much money, especially to Greek banks and companies: Their loans amounted to eight times the...
Good bearish continuation descending triangle setup, with imminent death cross as the 50DMA looks like it's about to cross under the 200DMA.
Downside target low 152s
I would be a buyer of gold here for a short term trade.
Gold recently held the 61.8 retracement and has since moved
above the 50.0 level. We are coming up on trend line resistance
which I believe we will break through and make a full retracement
all the way up to about 174.
Short Term Trade- Buy 162, Target 174, Stop Loss 159
Risk/Reward is 4:1
Disclosure- I...
Can we use gold to preserve our assets from market crash? In that regard is observation of the 6 year performance chart of gold, represented by (GLD), and S&P500 index (SPX) which lead to the following conclusions:
- For the last three years Gold (GLD) followed SPY corrections with certain lag
- Market corrections tend to be more severe compared to gold...
The chart of Gold (GLD etf) is stuck between a rock (at 173-175) and a hard place (at 163-160). We are closer to supply here at 170 so that gives me the idea to sell short and look for a break down to the 165 area while risking 5 pts. It is a 50/50 trade, so not a high payoff trade, but to me it is a high probability trade. The chart displays quite nicely how...
What is MOST interesting to me about GLD here is it has faied to attract new buyers at a time of near panic as measured by VIX reading above 40 which happened concurrently with fears about the solvency of European banks, ratings agenciy downgrades and announcements to throw more debt onto the back of most developed nation's economies. Obama's fiscal stimulus...
