Goldfutures
Gold - AB=CD ------ TRADING PARAMETER INCLUDEDPrice is likely to hit the PRZ and go up to 1336 area ( 1336 area would also be the 61.8 level retracement from the top). Furthermore if price does stop at the 618 level (1336 area) then we will see it drop to about 1264 and thus complete a Harmonic pattern. Let us not however make a mistake on an assumption, DO NOT sell off at 1336 until we reach this area and evaluate what price action is ready to do. For now follow the following parameters.
BUY LIMIT - 1296.30
SL - 1282 (~1400 PIPS)
TP 1337 (~4100 PIPS)
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700
To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con
Then I will put 1 Contract
If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
Dec 2017 GOLD long term monthly analysisGOLD
1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000.
2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at $1037.5
3. Monthly 7MA is pointing upward with candlestick pattern confirm 7MA as support
4. MACD is above 0 confirm potential uptrend
Conclusion: as long as price hold above Dec low of 2017, price is likely continue upward, once monthly close above previous lower high at $1377.5, monthly uptrend will be confirmed. For years of invest strategies, hold some gold.
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Gold LongRisking 2.4% for all time high retesting.
2018 will potentially be a very strong year for gold.
Happy Trading!
Gold neutral to bearishFor the last couple of months gold's been trading in a range frustating for both the longs and the shorts with no real movement in either way. Yet the bears seem to be winning this fight for now. Gold is still following it's downward channel even though it broke it's median line but didn't stay above it for long. Ideally I'd like for gold go down to about 1190 to flush out the entrenched longs maybe even reach 1130. Once the longs have been flushed sentiment will be ultra bearish that's when new long positions should be opened.
Gold 0- BUY OpportunitySeems we might have a Bat Formation if price rejects the CMP.
Happy Trading (*-*)
GOLD (GC Gold Futures) | Buy $1277.5 (Target $1317.5)Gold Futures GCZ2017
Signal:
Buy - $1277.5
Take Profit - $1317.5
Stop Loss - $1267.5
GOLDOur preference: sales position below 1215.50 with targets at 1205.00 & 1202.00 in extension.
Alternative scenario: in excess of 1215,50, aim for a continuation of the rise with 1219,00 & 1222,00 in line of sight.
Comment: The RSI is below its neutrality zone of 50%.
GOLD SELLGOLD LONG SELL .
Its has been on a down trend for several weeks and despite the retracement. we expect a weekly downtrend since it resisted on the weekly severally as illustrated on chart.
entry price in between PuRPLE line
TP1 ,TP2 given as labelled on chart.
GOLDOur preference: position bought above 1272,00 with targets at 1282,50 & 1286,00 in extension.
Alternative scenario: in break of 1272,00, a continuation of the decrease will be envisageable with 1266,00 & 1261,00 in line of sight.
Comment: The RSI is supported by a straight up trend.
GOLD/USD - A Tale of supression and broken promises.-A Tale of Gold-
The ship with gold did just what the banks told.
Loaded like a feather ,with broken promises bad news and stormy weather
It was on its way with support ,back to the top where it belong.
____
Expecting major correction in Gold before End of July.
Then again.. I did so in 2006.
I think its time they make a decision.
____
A Virtual Long Call Option on Gold with TGDTGD came up in my Deep Value screeners as one of the highest ranked companies in the screener, so I took a look to see what they were about. Timmins Gold Corp is obviously a gold mining company, so right away I knew their success or demise was closely tied to whatever the price of gold did. Before going into the fundamentals, let's take a look at the charts.
Since late January of this year, TGD has been consolidating nicely around the 0.35 - 0.42 price levels. I liked the length of the consolidation, and the overall chart seemed pretty well set up for a high run breakout if the price action dictated. Liking the chart, I headed over to check out the fundamentals of this company to see if there could be any substance to the breakout, or if the breakout would even be justified.
TGD is trading at 3.77 times earnings, 0.94 times book value, and is trading 3.59 times its free cash flow. Not bad ratios, and it clearly makes this a deep value play within the gold sector. Taking a look at some of the return percentages for the company I was pleased to find that TGD had an Operating Margin of 30%, ROA of 20%, ROC of 25%, and a 21% ROI. Pretty impressive. Next, I took a look at their cash positions, because I love investing in companies with a ton of cash (RGR is a perfect example of this idea of tons of cash, no debt, and it paying off). TGD's Current Ratio is 3.01, more than enough cash to cover its debts.
Taking everything into consideration, this is virtually a long call option on the price of gold without the theta (time decay). I am looking for it to break that consolidation pattern, perhaps the 0.46 price level, at which I would go long, and place my stop right below the consolidation pattern at 0.30. Once again, I want to stress that although the company appears to be solid fundamentally, they are very correlated to whatever the price of Gold does. If gold goes south, TGD will most likely follow. However, if you're long term bullish on the price of gold like I am, this could be a way to expose yourself to gold without having to invest purely in gold or gold futures.
As always, critiquing and disagreements on my theses are encouraged.
All the best,
RC
Goldminers Shares anticipate Gold Price movesIf you look at Goldminers Companies (such as AU, ABX, NEM etc.), and you overlay those companies over a Gold Future GC line, you can see that the trend changes are started by the goldminer companies before the gold price follows. In the chart above you see that Gold GC (thick blue line) is a few days behind the goldminers shares. Just overlay some of those companies on your charts, when you try to find the entry/exit spots.
Gold Long - LTGold is looking to break the 2011 downward trend line.
If you look at the RSI, you can see that gold has been in consolidation since early 2013.
I truly believe we will break the trend this year, with fundamentals supporting this move.
We may not initially break the trend this month, however the only downside risk I see is to the 1230-1240 area (my thin line).
Goodluck.
violently been pull back out of the 1220 ish battle zone Trump speach before congress had a nice effect on the usd and gold react accordingly , went strait back into the 1220 battle zone the got vilently faught back out of it . I mean this kind of candle just mean reaction and the next support to the up side would be the 1240 1245 zone for completion of an nice head and shoulder pattern . If those price manage to contend price action then we can start talking about a reversal in the dollar . but it to soon for that on the other side a breach on the other side of the 1250 mark would mean a continuation of the up trend on the gold , so new target on the up side and down target on usd
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