GLD bearishLooks like its going to ~$160 right now. more bullish above 178 then ~183 and see 5 wave impulse
GLD
Bitcoin is going to the high... then what? Look at Gold!It is readily apparent by now that BITFINEX:BTCUSD is on a run for the last ATH. When the price of something is this close to such an obvious level with momentum it is a very high probability bet it is going to reach it and even break it. But what then? You have to BE SMART. A lot of people that don't watch this video are going to FOMO and I pity them but hopefully it comes with a lesson. That lesson they will learn one can already learn by just looking at the chart of AMEX:GLD this year.
GLD Gold TrustTarget ~194 for this move. Expecting a correction in micro soon and continue upwards. under ~178 more bearish
GLD Gold trust bullishGLD still looking good. Expecting slight more correction here. ~177 looking like good possibility. Bullish over 180. Bearish if breaks though 177 like a 3rd wave move
GLD Gold Trust updateSaw a different possibility of bottom in C ~174 that I wanted to mention. Still could see lower ~160 to 169.
Gold Trust GLD updateStill expecting another low in ~160 range. Watching for possibility that it has turned bullish. It looks better than SLV does off recent bottom.
GLD Gold Trust UpdateBullish scenario hasn't been invalidated yet, but higher chance in my opinion of the ~167 to 160 move down . Expecting some more follow through to ~179.5 based on micro structure and corrective move up.
GLD Gold Trust updateLeaning towards original count and target ~170 to 175. Also watching for possibility of a corrective wave at this low. SLV could see same scenario
GLD Gold Trust updateCount is good so far. Watching out for the possibility of larger correction. Started last wave in this move
GLD Gold Trust Update - Wave CTarget hasn't changed yet. Still expecting another low around ~170 to 180
GLD Gold Trust CountLooking for another low in this move for a wave 4 ~175 then onto a wave 5 finish ~220
NEM Rising channel, heading to 2 week highNEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event. Still working on my videos, haha. thanks for watching! GL!
SLV closing over 2016 August high of $19.71.On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are banking on gold and silver stocks!, Have a great day! Cheers!
ARE YOU READY TO 2X YOUR MONEY IN 10 MONTHS?This idea will probably make 2X. The question is are you ready for it?
Enjoy.
~Bugra Sukas aka Bo
GOLD will break ATH (▲▲▲)🔥 DELTA7 Trend Score: ▲▲▲
💡 Quick Analysis:
M onthly ▲ - Monthly still showing on-going momentum. Pullback likely to be a reaccumulation
3 M onthly: ▲ - Solid widespread trending candle. Next 6months there a good chance retrace for stop hunt on the open of that level.
6 M onthly: ▲ - Price currently above yearly/semeter open which is a resistance range.
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Word of appreciation to all people following finding bits of my content useful in shaping their own thinking. I appreciate the words. 🙏
Improving your thought process is 10x more useful than just following signals or trade-setups. That is generally my main goal, impact the mind.
Be aware, following trade setups that become extremely popular are more likely get smart-money and whales working against you.
Keep this in mind that nothing is ever static in the market. Likewise, pattern setups or other type of set-in-stone setup will cause you drawdowns and getting stopped more often than not.
The key is adapt with the flow and be opportunistic as the market evolve and pay attention to higher timeframes, always.
The hindsight clout game on successful trades is irrelevant. All that matters is your own PnL. How you manage risk, money and your emotions.
If you are just following other's setups its is just a question of time until you lose all your money over time. Yes, its going to happen.
In these videos seek to capture strategic thinking not tactical setups or counter trade popular ideas just for the shake of counter trading.
"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel
Everything is supply, demand, fear and greed. That is it!
Supply and demand is what dictate scarcity and the different push/pull forces in the market and smart money, market makers and other liquidity providers will use "Fear and Greed" as a tool/framework to drive emotional reaction from retail and other players prone to these traps.
Best! 👊✌️
D7R
How High Is High - For GOLD?For members of Zencapita - I had mentioned the possibility of $GOLD going up, and the formation has been nice so far. If you're interested to learn more about how I see this forming up, join me today.
Remember to check out the chart on TVC:GOLD before trading/investing!
In gold we trust, is it safe?Here's a look at gold as a short term play, and as a long term investment. Looking at the ETFs and trusts. And a little chat about physical.
