Gold should eventually go up to the top (gold line) which should take it up into the $5000 area. This does not bode well for the debt structures of government, as Martin Armstrong has argued, it is a loss in confidence of government that will cause gold to surge. Whether gold goes down to the red line (1980 high) before its 5th wave rally is uncertain at this...
update on previous chart, this chart has nice symmetry, stockcharts.com's pnf is projecting 1440 now, a summer rally should go up and test the crash gaps from last spring. After this summer Gold will most likely start down again going into Martin Armstrong's pi cycle peak of 2015.75 , Armstrong is looking for 800-1000 area before the final bottom and then at...
Gold has shown tremendous strength so far in 2014. After breaking two significant resistance lines going back as far as 2012, gold has run up over 13% since the final days of 2013.
And with the global monetary system printing over 10 Trillion since 2006, the long term price of gold is certain to continue rising long term. However, for the short term ahead...
Gold trend is down but seems gaining strength on the long side. I think it has still space to trade lower to 950.00-1150.00 and this is where the buying interest will be strong. Watch that trendline and the 0.618-0.764 Fibo levels. August-September 2014 is when we could have the bottom. Std-by mode.
After the Gold Bear Market, Gold found a Major support @1180, where it was able to make a double bottom after bouncing from its major resistance @1425
The breakout occurs after the price broke both, the 8ma and 21ma resistances, the 8ma crosses over the 21ma, and a MACD and price positive divergence occurs, which are all bull signs.
The next Resistance will be...
We have several key things that have been developing for some time for gold, at least from a technical aspect.
1) Double Bottom - Occurring around the 1200 level
2) Divergences in the MACD & Momentum that has been occurring since May of last year
I see a key level of resistance as being around 1350. If we get a break through this level I could see the price...
Like many commodities, prices have been moving steadily higher of late. Current OTE short sweet spot for the daily contract is currently in the 1358 area and that is my ultimate target zone. Can consider buys against 1253 and 12414 areas at the moment.
GOLD is a buy here
long term down tranline broken and made a new high today.
Increased momentum in the MACD and Trip EMA oscillators.
targets on chart.
support at green lines with 1235 as strong support.
GL
COMEX spot gold has formed a bullish ascending triangle pattern with a breakout level of 1262.
A close above this level, confirmed by volume, would bring 1343 into reach.
www.thegoldspeculatorllc.com
Gold have been swinging lower for quite some time, but have so far failed to take out the 1200 area.
There are lots of stop orders below 1200, so a real break below should trigger a larger move to the
down side.
If it takes out 1280 to the upside, I will look for a pullback and a final target on 1560. stop is placed under nearest structure
Markets alternate...
top and bottom horizontal lines are Martin Armstrong's bottom range, $950 around early to mid March may be the most likely area that Gold will find its final low. Time projections were done using another indicator not on this chart.
In the Kitco News Gold Survey, out of 34 participants, 17 responded this week. This was less than normal, with many still away from their desks for an extended New Year’s holiday. Ten see prices up, while six see prices down and one is neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
The debt of the United States will never be paid unless the nation's GDP grows beyond the level of debt accumulated. But with the amount of borrowing and Fed printing, the dollar is doomed to go, and with it, the domestic production and importation from abroad. Store shelves will go empty. The dollar will be worthless. Prices will skyrocket and those who...
