There has not been much published about GOLDETF, but I am considering a long position around the 3.20 area. Its current bearish trend may continue for a few months, possibly until the US General Election. However, looking at the return on investment (ROI) for both the past year and year-to-date (YTD), it has already exceeded 14% annually, which is quite...
Hey there, a CUP & HANDLE is forming up, which could lead GOLD into a downtrend (since the CUP formed already). If you are new to this, feel free to check out my Videos and charts about Cup $ Handle, which are explanationary and educating. In addition to the overall fear and uncertainity in the markets, especially with an eye on corona virus, people are...
the gold market this year has essentially only seen upside. since all time highs theres been a run on available contracts during a contraction that has ended suddenly. it appears that todays rally has been sustained, and the uptrend in futures has all but resumed according to a credit liquidity crunch and bear dollar environment. according to tv alerts, forex...
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...
Bitcoin has been on center stage with last week's rise after BlackRock, the world's largest money manager filed an application to run the first publicly traded spot bitcoin ETF in the US. The Securities and Exchange Commission has been on a repeated decade long rejection of an ETF based on trading in the underlying bitcoin asset. If however this time the industry...
While Gold fell yesterday due to interest hike fears and China's economy. I believe the Gold still has more upside. Currently, looking at gold miners ETF. Believe that it might fall to support level ($26 area) and bounce back higher. Aiming for around the $ 30 area.. However, should it break $26, I will exit my trade.
After the hard work of finishing wave iv in magenta, we expect GLD to play a bit in the yellow sandbox between $150.72 and $140.40, all the while completing wave (4) in yellow. Then, it should get down to business again – or rather get up to business, as we expect GLD to climb northwards, crossing the resistance at $171.23. There is a 35% chance, though, that GLD...
GLD is warming up in the lower magenta-colored zone between $152.85 and $159.20, where it still has some room left to finish wave iii in magenta. Afterwards, it should jump up into the upper magenta-colored zone between $163.39 and $171.23 to complete wave iv in magenta, before sliding into the yellow zone between $150.72 and $140.40, where the overarching...
It is still summer, so no wonder GLD wants to refresh itself in the upper blue zone between $163.03 and $160.17, into which it has leaped so enthusiastically that we have to wipe droplets of water from our faces, watching the chart. Here, GLD should now finish wave (ii) in blue before resuming the overarching upwards movement. However, as part of our secondary...
After jumping down from its last high at the lower edge of the blue zone between $51.27 and $62.63, GDXJ has fallen below the mark at $36.58 to test the waters of the magenta zone between $37.26 and $24.77. We expect it to gather more downward pressure to advance deeper into the magenta zone, where it should finish wave ii in magenta. Then, the ETF should turn...
An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Gold ETFs will track a particular commodity i.e. gold and Gold ETFs can be easily purchased or sold on a stock exchange the same way that a regular stock can. HDFC Gold ETF created solid support around 42 levels, consolidated there for many weeks, and...
Starting in September of 2011 and the handle starting here on Aug 2020. selling volume has declined and got a strong bounce off the 158.85 mark and look to be heading up for our third tap or our handle downtrend When a bullish move occurs the moving averages respond, and the 9MA (white line) on the weekly has curled up nicely with a implied EMA cross over the 50...
Gold (AUD) long term Uptrend on log chart.
Gold AUD daily- Ascending Wedge At least bullish for now being at the bottom of the range.
Uptrend Collection area 2.300-2.400 Long term investment (>1 year)
Uptrend Collection area: 2.300-2.400 Long term investment (> 1 year)