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Goldbug

AU - a gold mining stock rises with spot gold LONGAU AngloGold Ashanti has operations in a variety of locations including North America and Africa. With spot gold rising and mostly fixed operational costs, AU stands to improve its overall margins. Here on a weekly chart, price has crossed over the POC line of the volume profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative Trend Index indicators are showing reversals from bearish to bullish. Price action is in a symmetrical triangle. Price has 20% upside before reaching the descending resistance trendline which may take a month or so. I will open a long trade here looking for a best entry on a 120-240 minute chart.
NYSE:AULong
by AwesomeAvani
2
NGD - a gold mining penny stock is bullish LONGNGD on the highly reliable monthly chart has signs of bullish momentum including a cross over the POC line of the volume profile,a monthly volume bar over the running mean for the first time in two years price crossing over the mean anchored VWAP and both the trend and the momentum indicators making reversals. I will open a long trade of both shares as well as a lot of call options for mid- November striking OTM at $ 1.50. This junior miner stands to gain earnings when gold prices rise proportionately more than established global mining operations. My target is 3.5 just under two standard deviations above VWAP. I will take off 1/3 of the position at 2.7 at the first standard deviation above VWAP in best practices for risk management.
AMEX:NGDLong
by AwesomeAvani
GLD , the gold futures ETF LONGGLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower trendlines for resistance and support. A volume profile is overlaid. Text boxes comment on the basis for the trade and the use of the relative strength indicator. Price is low in the high volume area confluent with the support line. I see this as a long trade set up and ready to go. Zooming into a 15-50 minute time frame will help find the best entry. The RSI indicator would need to have its time frame settings adjusted I typically use one half the chart time and twice the chart time to get a decent time spread, Gold is forecasted by some to reach $3000 spot price in 2024. Gold and Bitcoin compete for dollar attention. Things will be interesting for sure.
AMEX:GLDLong
by AwesomeAvani
CMCL a junior GOLD miner moves on spot gold uptrendOn a 15 miunte chart. CMCL is seen trending down and then reversing while traders seek to sync it to the price action of spot gold. The chart demonstrates price reversing on May 2nd out of an anchored VWAP breakdown into a rubber band reversal into a cross of the mean aVWAP. The movement of the PMO ( Price Movement Oscillator) confirms the reversal into a trend up. The ZL MACD shows a histogram flipping negative to positive with the signal moving over the mean MACD. The last of the trading week shows a big engulfing candle with a volume spike for me that spells momentum straight out and simple All in the all, I see price moving to a target of 12 over a period of a few days based on the angle/slope of the trendline. In the context of the gold bullrun and the concept of a rising tide being capable of lifting all ships, I see this as a very safe trade yielding potentially 4% over a few days. This is more than acceptable given the chaos and whipsaw action of the general market. If you find this idea helpful. please like and follow and perhaps message me for a referred link to TV pro. Trade well after DYODD !
AMEX:CMCLLong
by AwesomeAvani
1
Is NVDA overpriced relative to GOLD?My thesis is that comparing an equity price in a ratio to spot gold expecially on long time frames can sometimes bring clarity to complicated trading decisions. Here, I seek to determine since I hold both gold on the forex market and NVDA call options, whether I should sell one to buy the other. Upon putting the ratio of NVDA price compared with spot gold on a weekly chart I have discovered that NVDA has ran up considerably over the past 5-6 years into an obvious all time high. This is not a surprise given NVDA's position as a subsector leader and a frontrunner on the AI revolution. The last golden cross of the pair of HMAs was this past March. Relative strength of the ratio is nearly 80. Importantly, the mass index is about to trigger a reversal. Overall, because of this analysis, I will dollar cost average out of the NVDA call options closing them at weekly highs over the next month. With the proceeds, I will increase my spot gold position and look into call options on one of the gold ETFs.
NASDAQ:NVDAShort
by AwesomeAvani
XAUUSD Spot Gold LongXAU last week had a trend up followed by a double top on July 19 and 20. On the @H chart the trend down seems to have included a drop through the basis band of the Bollinger Bands as well as a crossunder the anchored mean VWAP and then further downtrend until price was outside the lower BB. The current candlestick pattern is that of a morning star reersal patter ( sometimes called a 3 bar play). The Chrs Moody MACD indicator shows a line cross under what was a red negative histogram that has flipped to a tiny green bar. In this context, I believe XAUUSD is setting up to rebound I will long trade it on forex and analyze equities for an entry as well. On XAUUSD I am targeting 1975 in the area of one standard deviation above the mean VWAP but would be very happy to see price reach for the upper BB at 1985.
OANDA:XAUUSDLong
by AwesomeAvani
LODE a junior miner gold penny stock LODE being a penny stock with high volatility is well positioned at the bottom of its range for an uptrend on the 2H chart to respond to the recent moves in spot gold and gold futures. Gold is increasingly in play due to macroeconomic uncertainties including the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies are making to fait currencies. Globally, central banks are accumulating gold bullion. This stock has a potential upside of about 30% based on analysis of the chart with supply/ demand zones per the Luxalgo indicator. I will take a long trade now.
AMEX:LODELong
by AwesomeAvani
3
Gold is targeting $1860 & $1899 - Beyond $2300 in 2023Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally. Current base level is near $1670 to $1710. Normal rally results in a $400 to $475 rally phase before exhausting. My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be near $2150 to $2225. Remember, this is just the start of this rally (just like in 2003~05). The real rally in Gold will start in 2027~2030. Follow my research.
COMEX:GC1!Long
by BradMatheny
Technical analysis update: XAUUSD (28th June 2021)After FOMC decision and subsequent fall of gold XAUUSD has been in neutral trend for more than a week now. This is well visible on 1-hour time frame and simultaneously reflected in low ADX value. On 1-day time frame RSI reversed from oversold area and gained bullish direction. MACD slowly loses momentum but Stochastics remains bearish. ADX value remains high and due to a reset soon. Price of XAUUSD steadily holds above strong support. Our short term price target remains 1810 USD per ounce. 1-hour timeframe: Here we can see low ADX value. Our thoughts from 18th June 2021: Our thoughts from 17th May 2021: Our thoughts from 16th April 2021: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
GOLD COMPLETE TECHNICAL ANALYSIS| ALL YOU NEED TO KNOW! GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch. We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios. Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key level. There, I want to see a sign that would convince me that the rally has stopped and I will be looking at the reversal signals then. The target is now the broken horizontal resistance that was also the higher high of the 2012 rally. For the full analysis please watch the video. Thank you for the attention. Feel free to ask questions in the comments! Like and Subscribe to never miss a new analysis! See you all then!
TVC:GOLDShort
by ProSignalsFx
1
GOLD mid-term bearish bias building up GOLD is trading in what might be a bullish triangle OR a bullish flag Which means that eventually the pattern is likely to break upwards Yet the current buildup of the similar in nature resistance structures That are mounting on the lower levels than before Give us a decent chance GOLD will show one more lower hight Break downwards And retest the support at which point we will know if its a triangle or a flag and retest the resistance structures for breakout again Like, comment and subscribe to help me grow! Check out other ideas of mine below too!
TVC:GOLDShort
by TopTradingSignals
1
Gold - Macro OutlookWelcome to my series of macro outlooks where I put together threads focused on long term perspectives for major asset classes. My goal is to provide you with a long term view that I update on a monthly and sometimes weekly basis so that you can have the means to make wise and calculated trades in the shorter term. I have threads for assets that are typically viewed by investors and traders as market leaders. Having an idea where the market leaders are heading will give you a compass to make decisions in smaller cap assets that tend to follow. I will do my best to keep these threads purely technical in nature. The Gold Market Gold is a measuring stick of the currency it is priced in, and can show us what kind of long term inflation has taken place. It can also be seen as a fear index of a broad ecosystem of investors. You may never make the leap to trade or invest in gold , however it is still important for you as an investor to know the "temperature" of the gold market. Why Investors Buy Gold Typically, investors will roll profits from other markets (stocks, real estate, private business, etc) into gold when one or all of the following happen: Interest Rates are Low Inflation Projections are High Stocks are Overvalued Gold is Undervalued High Uncertainty and Pessimism Why Investors Sell Gold Conversely, investors will do the opposite and sell gold when one or all of the following happen: Low or Negative Inflation Projections High Interest Rates (Higher than Inflation Rate) Undervalued Stocks Undervalued Real Estate Overvalued Gold
COMEX:GC1!
by micahjmiller
Bitcoin Cash - The launch is around the corner?Most of the top ALTs has seen extreme gains these past weeks, coins that even has no value has increased in value. Bitcoin is fighting bears on daily basis and having problems around the 17,500$ mark. Bitcoin Cash has been setting higher lows these past days, and enter levels are becoming more expensive. I think getting in on a position around 2500-2660$ mark is wise, if we see another dip we should use that into our advantage. Its been over 3 weeks since the last run of BCH. from 1800 to 4000. I think we can reach a new ATH in just days or weeks. All depends on the marked. I have been noticing HUGE orders of BCH 2-3 times daily on Bitfinex, the big boys are getting ready for something. Just a heads up, BTW: Im not a professional, but i look at charts often and am a coder. Bitcoin Cash has a good future. This is not trading advice, please do research before investing. IF YOU LIKE MY IDEA. PLEASE SHARE A LIKE MY FRIEND!
COINBASE:BCHUSD
by CandleJoey
3