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Goldstocks

GOLD daily frame suggest a bounceGold daily frame looks good. There are different signals suggesting a possible reversal is in play. we have a piercing pattern formed by last candles. gold clean break the resistance at 1210 provided by the hammer back in july and we can expect it will turn into a support. The oscillator all present a strong bullish divergence with the rsi squeezed between the new support and the 7 month downtrend resistance, good sign of an imminent bounce and break out.Bullish cross in the stoch.Both disparity index (26&14) present a bullish divergence in oversold conditions. The bottom of the BB has been punctured which is usually followed by a consolidation or bounce. the price is currently fighting with the tenkan which is first gold resistance and my target at 1220.My second target is 1231 which is provided by the kijun and 50 EMA both strong resistance. My final target instead is1243. Every time a target is hit i will look to take profit and readjust my strategy to check if any relevant sign is presented by the market. my stop loss is at 1200 to avoid any fake out. i expect a retracement to 1208-1210 in the next couple of days to then bounce from the new support. Always do your own research, my charts are only for educational purpose.
TVC:GOLDLong
by CFcryptoTA
gold weeklyGold. It looks like a similar situation to December 2016 is unfolding. there is a TK bearish cross and a death cross of 20 & 50 EMA which suggest the continuation of the dowtrend. however we have some sign that a reversal may be coming. A bullish divergence can be spotted on the RSI which is currently under 30 (oversold) . Stoch is extremely oversold and bottoming out for 3 months, the longer stays in this condition the more imminent a bounce will be. right now we are sitting on a really strong support dictate by the old piercing pattern (30/05/2016 & 10/07/2017), senkou span B cloud support and fib 0.5 support level. next week will be important to understand whether we bounce or consolidate. if it breaks this support it will likely drop down to 1190. another sign of a reversal is number of record session gold has reached. it reached 7 record session, in December 16 it reached 6 and than formed a doji culminating in a sharp bounce. Looking forward to see what it will happen this week.
TVC:GOLD
by CFcryptoTA
2
GOLD ascending triangle, aggressive long entryGold has been forming a ascending triangle since beginning of 2016. It is currently sitting on support of that triangle. Note that this is a aggressive entry as it is possible support will not hold. A safer entry would be when it breaks out upwards from the triangle. I will be opening a long trade here with multiple take profits along the way. Last take profit at upper resistance line on the chart. Stop will be placed under the last arrow. Disclaimer: This is me experimenting with trading and sharing my charts. I am not a proven profitable trader so take that into account. If you have questions or advice please let me know.
TVC:GOLDLong
by Timeisaflatcircle
1
Gold retraces after massive selloutWarning: This is an aggressive trade… Left chart: A very strong upward support trend line since July 2017. We found gold can possibly retrace back to 1294 (near the blue upward trend line) or Fib Ret 23.6% (1298). If this happens, we may have an alert for a bullish MACD divergence. So we called it as PRE-bullish MACD divergence. On the other hand, Ichimoku analysis is still in a bearish structure. We found chikou span hooked upward, and the Tenkan-sen and Kijun-sen overlapped, and the price lies the bottom of the red cloud atm. We may expect it is a very strong resistance. The retracement may finish somewhere near 1292.43 Summary As there are no confirmation of bullish candlestick patterns, we seem like bottom fishing gold now. All the best !
FOREXCOM:XAUUSD
by SoloTraderAU
GOLD IS DEAD?In short our full net short position in gold and silver is well justified from the measurement of risk and reward at the time writing this article/idea As we are seeing from the past couple of days mining stocks,gold and silver have been moving sideways and volatility have been decreased in a significant manner,many inexperienced traders gets confused at this point as they thought no significant price move is going to happen and there is no point to watch this market but reality is exactly opposite low volatility in gold often precedes huge moves in prices and we are attaching the chart below so you see it clearly,what we saw in this market (having experience of more than 6 years) that in most cases implication of low volatility meant that a huge bearish move is about to take place,we are attaching two charts below so you could be able to see that why recent low volatility should be seen as upcoming bearish movement,to watch this we have to see gold stocks to gold ratio and the gold stock to the general stock ratio,https://www.tradingview.com/x/IE2AUB3u/ if you look at both ratios you could clearly see that entire sideways movement in p.m sector is verifying the breakdown in both ratios,on a short term basis you could see the prices not moving if you will try to look at long term picture then you should be ready to see significant decline in prices ok let's quickly jumped into silver,we already have wrote in our previous articles that silver still can made a short term small upswing before it plunges back,we still support our previous idea that either silver can decline immediately or it could move little higher before quick decline continues,we can compare the analogy of late nov 2017 to current situation GOLD-our previous comment on this metal is still up-to date i would like to add few things today and that is comparison of current situation to 1st nov 2017 when gold made its final top and quickly plunges back and made its breakdown below 50 day moving average.well that session was quite interesting,those who followed our instruction made huge profit at that particular session,as we already know volatility has been decreased and gold almost did nothing yesterday,if we compare the situation to gold previous breakdown below 50day moving average the implication seems quite bearish, Adding things up-As we already wrote many times that an small upswing in white and yellow metal is still probable and in white metal that's what we are seeing right now gold miners under performance makes this point even more valid,overall it seems that the big decline is just around the corner we will update you anyway!!!
FX:XAUUSDShort
by NeerajPandey
1