OANDA:XAUUSD still in a parallel uptrend, above the 20,50, and 200 weekly moving averages. First support at the 20 weekly moving, if a close below on a weekly basis will break the uptrend and then the next support will be 50 weekly moving average. Feel free to comment I would like to hear your thoughts. Please give a like and a boost if you agree
if AMEX:GLD consolidates into a bullish pattern it will break the resistance level at 194.45 but if TVC:GOLD breaks the trend line AMEX:GLD will probably go back to the double bottom
GLD has been trending up and the chart shows that volume is increased in April / May as compared with March and is about relatively 2X. GLD is now priced at its all time high. On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are reacting to economic uncertainties and the dollar value having its challenges. Today,...
On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation. A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal. I see the potential for a significant gain of the ETF and its call options over about six months. See also my idea on XAUUSD / Spot Gold for a more...
Overall I think we should keep an open mind and trade signals as they form, after all, we get defined targets, stops and timelines from the Time@Mode signals present in daily/weekly charts, that give actionable and profitable cues with a very high win rate, but, in the long run, I expect rallies to fail to get follow through and prices to grind downwards similarly...
Gold/Silver bugs - are you ready for what a lot of us have been saying for the past 5+ years. The base/bottom in metals back in 2015 was the critical base for the next big move. This upward price swing should be the next accumulation phase which will drive a speculative phase in about 3~4+ years. That speculative phase will be MASSIVE (should happen near...
AMEX:GDXU As illustrated on the one-hour chart GDXU has reversed a downtrend as indicated by the EMA crossover and so on. Support and Resistance lines are shown. Price is well below the SMA200 and thus undervalued as compared with historical data. I see this as an upside 30 % long setup with reasonable risk. Once the trade progresses perhaps 10-12% in price...
I went long debit spreads this morning on GLD, looking for mean reversion to 21DMA at the least Technically bulls have stepped in right where they needed to prevented further breakdown and defending the 157 zone support line that's played as a major pivot zone for 2+ years now. Quick move to $162 is first PT
XAUUSD has been in a downtrend on the daily chart however on the chart I see the basis band of the Bollinger Bands ( SMA20?) on a slow uptrend. Impartantly, the when price is in the area of the basis band, volatility is increased. Price could push threw it or bounce. The K line of the RSI indicator is below the histogram and its slope is decreasing,...
Gold and miners might be finally ready to make a run with a nice breakout of resistance line here. MACD showing bullish confluence and 9/20 moving average cross I'm long april 35/40 debit spreads
I'm very interested in GOLD buys around the area of 1790 to firstly take out 1820 and possibly higher. Their is a lot pointing to buys on gold including the trendline, reversal price action on multiple time frames and an obvious support level. Hope everyone has a fantastic week on and off the charts and let me know your opinions in the comments!
The market, such beautiful place. Any movement causes relief for one and worry for other. this is not financial advice. This is just what I think might happen. Sometimes the most obvious outcome is the one to be afraid of and at this moment things are getting complicated. There is just too much to talk about. We are going to see some crazy movements between the...
Are laser eyes/single issue voters/NFT owners/shitcoin bagholders the new Goldbugs? Maybe they are, if so this would be the kind of move to expect here... I'm mostly bearish due to sentiment and various fundamental factors as well as technical elements that make me think the long term trend is over. I will monitor action, but I suspect it will act similarly to...
*** THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH AND FORM YOUR OWN OPINIONS *** 10Y Treasury and Gold's Price: Gold is correlated strongly (92%) with the 10Y Treasury. During 2020, during the depths of the pandemic, we saw 10Y rates under 0.5%. This was the primary catalyst for Gold to find its new ATH during August of 2020. This strong correlation makes...
I expect Gold to rally hard after the completion of the current handle and another shakeout. When history rhymes itself, we could see Gold prices over $10,000,- around 2030
Gold is on its way to retest the upper trend line,hence creating another lower high before another huge drop to 1830-1800 region before the main bullish trend resumes.its is however prudent to exit sells at this level and look for buys..Good luck
I suspect gold is in the middle of a cup and handle continuation. Though it's technically too early to call, I suspect price action will play something like this. Lines were drawn around ~$1,400. Pull backs are for longs.