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
Goldfutures
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.
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Expecting major correction in Gold before End of July.
Then again.. I did so in 2006.
I think its time they make a decision.
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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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3 Cups - Gold BullishThere's about a roughly, umm, 0% chance they raise rates in March.
Nice try grandma.
Gold - 1220 SupportWe have had 2 strong bounces off the 1220 area, with both bounces hitting above 1230.
It must be noted that the level we got rejected at (1240), is the bottom of the past low we made in October. It appears that passing this level is the gateway to 1280.
It will be interesting to see if gold even bothers retesting 1220 again in the next few days, rather than attempting to make new high. I will also be paying attention to grandma's speech today, and seeing if she strengthens the USD.
Gold longRe-longed gold on Friday, 1W and 1D both still look very healthy for bulls.
Cross on 1W MACD, with the 5EMA looking to cross through the 50/100EMA.
We saw a big bounce off 1220 on Friday which served as strong support and reassures me of my long position.
Gold DirectionAs I posted in my prior idea, I sold my gold position this morning when the DXY started to rally.
I am still long-term bull with gold, however it is clear to me that this move wants to retest the 1220 area as this was significant resistance over the past few weeks. There's currently a bearish engulfing on the 1D chart, and the MACD is looking to test a break back down. Furthermore, the golden cross that we got this week, looks like it wants to retest the 100 EMA.
I am currently holding a short position from 1237, and will be looking to re-enter long off a bounce from the 1210-1220 area.
Gold still has bull momentum, and is still within the trend-line (both price and RSI). On top of that, the Fed isn't going to raise rates in March, so my long-term opinion on gold hasn't changed.
Gold - Cup and handle continuedSo it looks like my cup and handle idea played out well.
We are making higher highs, and lower lows, which is very bullish for gold, yet we are having resistance at the 100 EMA. Once this is cleared, we should move up rather quickly.
I believe with 99.99% certainty NFP will beat tomorrow, which will cause an initial drop in gold, but due to the fact that gold rallied after the ADP numbers, and the fact that the two reports are so closely linked, I believe this drop will be bought up before close.
Cup and handle - GoldI'm still in this gold long, and thankfully was able to add to my position got ABX and SSRI on the way down last week.
Small sell-offs like last week are very common during a baby bull, people tend to get nervous when they see some selling, which adds fuel to these sell offs. The best advice I can give is to review your charts, and trust in your analysis, whether you're bull or bear.
The next leg up in goldThis is the year we see a strong break through that resistance level established in 2011.
RSI trending up with bull divergence since 2013. I see a 2016 clone-type move for 2017.
Will we pause/drop $20 every $80 gain? Yes. But do not confuse consolidation with a bear. The bear market ended in January of 2016.
This is a long-term trade.
GC undergo an downtrendAlready build a short position at 1218. Gold fails to break out strong resistance and potentially go down to retest 1200.
Consolidation in gold?It looks like gold has begun to consolidate a bit before it's next leg up.
I went long again with a medium sized position on Thursday, and will be looking to add to my position every time this dips closer to the red band on my chart.
This will be the year of gold imo, and I will be long all year.
Continue to long gold.RSI has been trending up since 2013, making higher highs, and lower lows.
This is paired with my other ideas.
