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GLD

Platinum over Gold and Silver?Precious metals sold off some but in light of Ms. Yellen moving in to Treasury, a continuation of her currency expansion is likely. To disregard physical precious metals as perhaps the only safe store of wealth seems to be folly. While the gold/silver ratio has fallen from nearly 120:1 down to the mid 70s, Silver is no longer the best value. The Platinum Silver ratio had ranged from 126 down to 33. At it's current 43 level, it does seem like the place place to put new cash.
TVC:PLATINUMLong
by Glewis54
GDX continues its original path - DOWN to 30GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant development. MACD is crossing down soon in bear territory, and the RPM is pushing down again! Shifted downside target to 30, mid Feb 2021.
AMEX:GDXShort
by Auguraltrader
Has GOLD Caught My Attention? Breakout on the HorizonGold Weekly uptrend is in a current consolidation cycle, hence the up and down movement on the Daily chart with no clear direction as of yet. As we zoom in intraday for multiple time frame analysis, you will see the 2 hour chart(left side) has found support at $1836 and the bands are constricting around the price action. Now with every great consolidation cycle, comes great volatility as we know one thing is true "Volatility is cyclical". So with a bottom in and intraday charts aligning, this intraday breakout IF strong enough, could set the Daily chart up for a strong enough break out, to pour over into the weekly charts to continue the uptrend and breakout of the Weekly chart consolidation Cycle. Gold is on watch, has the potential to move like bitcoin, once the market takes it last breath, this would be a good bottom to establish one self IF it holds. $1900 is the key level to break and hold...All aboard? TVC:GOLD
TVC:GOLDLong
by TTMTrades
1
Gold snooked many... Previously mentioned that Gold was in a downtrend... and despite a December rally that started a lot of Gold-to-the-sky talk, I had doubts and hence, no update post as I was patiently observing. Friday proved my suspicion correct as Gold dropped well below the 1900 level after breaking above 1950 for a day. The Friday Gold drop wiped out the month of December's gains in a day. Big hint here. Nonetheless, one of the major reasons for being suspicious about the rally was that the Top 8 traders were obviously selling Gold, not buying. The bottom most panel (yellow line indicator chart) is the Top 8 Net positions. From May to June 2020, the Top 8 traders were accumulating already. And when the non-commercials started joining in the accumulation party, Gold prices took off. December 2020, the Gold rally was supported by retail and clearly, non-commercials (until Christmas). However, it is clearly observable that the Top 8 Traders were distributing instead. Over and above that, technicals show that Gold has a trend change, and needed to consolidate first. MACD was in bearish territory, and price just bounced off 1800 support and channel support despite that there was a large harami type candlestick pattern indicating a couple weeks of Gold rally in December. Well, that has ended... promptly. This week, we saw a break out of channel resistance, and then failure of that break out. Bad news... this typically suggest a breakout on the other side to follow. This can be targeted to be around Feb, at about 1650, if it were to plummet over the next few weeks. Probable at this point as the massive bearish engulfing (after channel breakout failure) is strongly suggesting... I expect to see some small bounce, followed by more of a dive in Gold over the next two to three weeks. Breaking down and out of the channel support represents good opportunities to look for a trend change (back to bull trend). Oh wait... there is a BRB system buy signal, which I intend to discretionarily ignore for now. Perhaps take into consideration IF there is a bounce off the 55EMA in about two weeks. Anyways... Do see my following post about the USD (and the GDX too). It spiked, and contributed to Gold dropping fast on Friday.
COMEX:GC1!
by Auguraltrader
Gold Futuresthe base of the channel is 6% or 7% bellow from now the market will still medium term bullish if we don't break the low of the channel When he broked 1850 level, market gone to 1828 zone area and this area was rejected, he don't consolidated there. This means that this selloff was impulsive, and not to change the direction off Gold. If breaks 1800 we can go to 1774, but we still Medium term Bullish. On Last 4h candle I see maybe a reverse of the fall, maybe 1828 was impulsive and we can go now above 1870 and maybe 1896. If we can cross 1894 we have confirmation for an uptrend again. For me now, the best zones to buy will be 1800-1830 if 1800 didn't break or above 1870. Sell if breaks 1800. But 1774 can hold the drop. But I think that on lowterm perspective we have already signs for up. But on 1h and 4h we still bearish, we need confirmation above 1870 to change this scenario.
GLong
by miketiger
4
Swing Trade: Barrick Gold Corp.(GOLD) breakout setup 📈Hi fellows, just one of my today swingtrades: Nice setup for breakout . ------------------------Trade setup --------------------------- Entry: 24,80 Stop Loss: 23,83 Profit target: 27.73 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:GOLDLong
by Tomasgei
4
Gold is shining ☀️: Breakout of falling channel, Big Bull FlagGold had very strong move yesterday and broke up the falling channel which is very huge bull flag. Right now price approaching supply zone. There is two posible scanarios: As you see drawed in chart, 1st scenario is pull back to retest higher edge of the falling channel and fibo level 0.236 (@1914.2) and then continuation in direction of bull trend. 2nd scanario more likely to happen, in my opinion will be a breakout the supply zone and then pull back to retest it. My target is 0.5 fibo level @2082.1 If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
COMEX:GC1!Long
by Tomasgei
1