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GOLD-BUY

Gold on watch for massive move.I've been watching gold since 1280. It was either going to continue down to 1225, or break out to 1350. (I know, I know, the classic "it could go up OR down".) However, if gold breaks out, gold ETFs could rally big, which means large positions and safe moves (XGD, in Canada, has already broken out from $12.50 and could easily hit $16.00. Also confirmed by a very bullish Ichimoku signal and a golden cross moving average cross over). Wait until the weekly candle closes above 1360 to confirm a breakout to 1600. Be careful, as it could bounce off the reverse head and shoulders neckline and come back down to $1320, but at that point if would be a decent play (risk reward is good). To me, this correlates with the sentiment of uncertainty in the market.
TVC:GOLD
by TMoneyBidness
$Gold to the Moon - $1400 come end of yearGold is absolutely in a bull cycle finally. It has consistently been over 1 standard Dev above the SMA since around Dec 1st. RSI says overbought - but not very concerning when one sees it's pattern within the Bollinger Bands Oscillators for the most part look very bullish MA - obviously bullish Volume is clearly a bullish story Global growth concerns will lead to central banks continuing to accumulate Fed Policy - halting QT with so much QE out there will lead to continue inflationary pressure I think political forces would want a weak dollar as well to increase our exports It will be around $1350 when we face major resistance I have trouble thinking this will drop under $1319 support now A good test for gold will be if we see bad news on gold starting to get out, and gold barreling up anyway. A clear sign we are back in new bull market Currently have other capital tied up on calls on a 3X short of oil while I'm in a larger long position in oil 3X... as soon as this materializes I will be deploying more resources into gold. Go team gold! Happy Trading!
FX:XAUUSDLong
by ZenMode