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GDX

GOLD Update for 18 September 2019 Daily for 18 September 2019 In Bear territory. Price Projection: 1475.54 HMA: Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 1472.41 - 1555.33 Price-Trend: .50x ATR Comments: Engulfing negative bar on the 18th. Price target is the lower of the consolidation range. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLD
by priceprophet
GOLD Update for week ending 13 September 2019Week update for week ending 13 September 2019 In Bull territory. Projected range for upcoming week 1516.35 - 1468.22 Price Projection: 1460.89 HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Neutral Bull 5 RSI: Positive Consolidation: In Consolidation between 1480 - 1555.33 Price-Trend: 1.64x ATR Daily for 13 September 2019 In Bear territory. Price Projection: 1475.54 HMA: Bear Bull RSI: Neutral Bear Bear RSI: Neutral Bear BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 1472.41 - 1555.33 Price-Trend: .84x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLD
by priceprophet
WTI Update for week ending 6 September 2019Week update for week ending 6 September 2019 In Bull territory. Projected range for upcoming week 1533.77 - 1486.70 Price Projection: HMA: Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1480 - 1555.35 Price-Trend: 2.34x ATR Daily for 6 September 2019 In Bear territory. Price Projection: 1487.48 HMA: Bear Bull RSI: Bullish Bear RSI: Neutral Bull BSI: Neutral Bull 5 RSI: Negative Consolidation: In Consolidation between 1472.41 - 1555.33 Price-Trend: .24x ATR Comments: A change of chart views. Trying to clean-up the data view I present. Weekly is showing stall and consolidation. Now at 2.34x the ATR from the trend. Getting nearer to the average. Still more "stall" for the coming week. Daily appeared to have got hammered, but prices had to move. Still in the consolidation range that had established the week prior. So nothing new or surprising. What am I showing on this new(ish) chart? Daily: Enough bearish strength has enter to see a move to the consolidation low of 1472. Weekly: Stalled, but still strongly bullish. ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLD
by priceprophet
THE WEEK AHEAD: GDXJ, IWM, VIXEARNINGS No options highly liquid underlying earnings announcements this coming week. EXCHANGE-TRADED FUNDS Ordered by implied volatility rank: SLV (80/27) GDXJ (74/39) GDX (72/33) GLD (76/13) TLT (62/16) XOP (43/40) Precious metals and miners still hanging in there another week with high rank/high implied with GDXJ presenting the best rank/implied metrics of >50 rank/>35% implied. The GDXJ Oct 36/47 short strangle pays 1.13 with break evens of 34.87/48.13 and delta/theta metrics of -5.28/3.06. BROAD MARKET IWM (37/22) SPY (37/19) FXI (33/22) DIA (30/18) QQQ (29/22) EEM (28/20) EFA (22/14) Pictured here is an IWM Feb 21st 125/173 ratio'd short strangle with the short put at the 14 delta and the short calls at the 7 delta -- doubled up to accommodate put side skew. It's paying 3.04 at the mid price as of Friday close, with break evens at 121.96/174.52 and delta/theta of -.61/2.89. An example of a defined risk counterpart would be the 115/125/2 x 173/2 x 178 iron condor, paying 1.51 at the mid price with 123.49/173.76 break evens, and delta/theta metrics of -.45/1.00. VIX/VIX DERIVATIVES VIX finished on Friday at 18.98 with the notable characteristic of the /VX term structure being that everything but for the September contract is lower than where October is trading. Consequently, the September or October expiries would be amenable to a term structure trade, with a short call vertical or long put vertical set up with a break even at or above where the corresponding /VX contract is trading. Because the September /VX contract was trading below spot as of Friday close (18.84 versus 18.98 spot) and there's only 16 days 'til expiry, I'd probably opt for October to set this up. Both the VIX Oct 19/21 short call vertical, .65 credit, break even at 19.65 and the 18/21 short call vertical, 1.10 credit, break even at 19.10 would fit the bill, with the October /VX trading at 19.20 as of Friday close. With VXX and UVXY, continue to look to leg into bearish assumption spreads on VIX pops to >20 with spread break evens at or above where the underlying is currently trading.
AMEX:IWM
by NaughtyPines
GOLD Update for week ending 30 August 2019Weekly Price:Trend ratio is still very high. 3x the ATR. Price stall during the week possible while waiting for the prices to return to the averages. Week update for week ending 30 August 2019 In Bull territory. Projected range for upcoming week 1520.34 - 1501.23 Price Projection: HMA: Strong Bull Bull RSI: Bullish Bear RSI: Bullish BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 1480 - 1555.35 Price-Trend: 3.10x ATR (anticipate a stall while waiting for the MAs to catch up) Daily for 30 August 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Neutral BSI: Bearish 5 RSI: Negative Consolidation: Broken to the low Price-Trend: .22x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
TVC:GOLDLong
by priceprophet
GLD: SPDR Gold TrustM timeframe long-term BULL W timeframe overbought mid-term BEAR D timeframe overextended short-term BEAR SUPPLY price reached suppy zone short-term BEAR CORRECTION 50% fib retracement short-term BEAR RSI overbought short-term BEAR MACD divergence turning negative short-term BEAR EXPECTED INFLATION after rate cuts long-term BULL GDX short interest increased BEAR GOLD/DXY ratio decreasing short-term BEAR GLD shares otstanding decreasing BEAR TIP lagging behind GC1! futures NEUTRAL EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account. Stocks & ETFs, Currencies, Metals, Futures, Options, Funds, Bonds, Crypto­currencies. Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk.
AMEX:GLD
by EXANTE-TOG
GLD / SLV vs Dollar Index Long Term.A key consideration usually in any Asset is the correlations. Precious metals - XAUUSD (gold) / SILVER have a perfect inverse correlation to the dollar index. I will leave it on the reader to plot it. HINT: Plot XAUUSD and COMPARE with (1/DXY). It's difficult (with all the Fake News) to decipher if Gold will have great demand going further or not. Commodities usually have a 30 year cycle. And in commodity cycles they usually go down for 20 years and then peak in 10 years to complete the 30 year cycle. Looking at that fundamental we realize that XAUUSD / GOLD should start a secular bull run in 2011+20 yrs = 2031. Which coincidentally is also 30 years since the start of previous Bull run in 2001. Looking at the other side of it, at DXY - I realized that there are 2 ways to look at it technically - either the J horns which show the start of a secular BEAR market for USD. This would indicate a secular BULL market for GOLD. A flip side to look at is drawing straight lines - I personally lean towards this one as we already are on a log chart. With these blue lines, we see a BULL trend in DXY. A bull trend here means a BEAR trend in GOLD. If the above is to be true, then GOLD is merely going through Elliott Wave B and will crash down to 800 (bottom of previous wave 4) before picking up again. What do you think ?
INDEX:DXY
by iamajeya
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