Simple setup. Short gold buy silver with target around 54 oz. Silver was oversold harder than gold from 2011 peak. That's the main reason. Also silver is really utilisied not saved like gold.
Daily trend breakout. US markets are expected to enter correction cycle.
This pattern almost always results in a rebound for gold in the past few years.
Just documenting this entry. AG was Tim West's suggestion, NEM, is a good gold proxy here. Good luck, Ivan Labrie.
Reversal zone is 1171/2. This may not be the big bull but if it's a solid retrace, then here are some targets... on chart. Good luck.
Just something big picture, again, to look at. Gold on Daily. With retrace points of interest. Not a trade but something interesting to see.
It seems all is prepared in precious metals for the next big movent in the following months. Below red line, 2015 lows will probably be visited again
Pure speculation guys...Let's see how accurate it will turn out... :o
See instructions on the chart. Ask questions if you like. GL! MA20 currently at 1202s (Monthly) + 50% Fibo.
Long Gold Bottomed Out now Retest of previous Support
Last week Gold finished full retracement to October breakout. It's most likely to start heading down. Cheers!
Silver has bounced off medium/long term range bottom. While election is putting big movements in suspense, a break-out of 19.5~19.7 range within November could signal a attempt of reaching 23+ before year end.
Gold has bounced off medium/long term range bottom. While election is putting big movements in suspense, a break-out of 1320~1330 range within November could signal a attempt of reaching 1400+ before year end.
Gold has had a great run since our last outlook from our first and secondary levels of support, and price action has been able to climb through our intermediate target of $1,301. However, due to the potential U.S. election upset by Donald Trump, the decline in the U.S. dollar and general market turmoil, the gains in the yellow metal have come quickly. Near-term,...
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick. If we break above 13.73, we could see long term uptrend continuation. CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver bullion. CEF is...