Gold Testing 21-EMAany breakout 21-EMA to the upside can cause the local resistance trendline
if resistance 21-EMA remains valid more below is expected to 1790$.
Goldstocks
Gold chart ready for athPrice tends to retrace back to area from which it breaks out from if that level is held as support then the breakout is confirmed and gold brokeout from a cup and from a cup and handle it has been forming since 2010 we are now back testing level that it brokeout from confluent with the monthly 9 ema which is a huge sign of strength
4/3/22 NEMNewmont Corporation ( NYSE:NEM )
Sector: Non-Energy Minerals (Precious Metals)
Market Capitalization: 65.607B
Current Price: $82.78
Breakout price (hold above): $80.10
Buy Zone (Top/Bottom Range): $77.65-$74.05
Price Target: $89.20-$90.90
Estimated Duration to Target: 65-68d
Contract of Interest: $NEM 6/17/22 90c
Trade price as of publish date: $2.56/contract
GOLD to 4391$ Supercycle Wave 3 before jan 2025Non log Circle had predicted perfectly our last run to 1920$. GOLD had completed a Cup & Handle pattern (Cycle Wave 4) that started at the end of 2011. Logarithmic Fibonnacci Circle 361.8% (from SuperCycle Wave 1 to Wave 2) had predicted that SuperCycle Wave 3 can go up to 4391$. A breakout of 1920.94$ resistance can push gold for more upside before 2025. On the 3M Chart GOLD took the MA14 which should provide more energy. Also GOLD is currently obtaining Monthly MA's support for a continuation.
7 key reasons why GOLD can continue this wave Cycle wave 5 higher...
1-Inflation
2-Russia mainly sold U.S. Treasury bonds to buy the bullion.
3-American Debt keep growing.
4-Monetary tightening
5-Domestic political gridlock
6-Possible World War 3
7-Rising tensions with China
8-Bad Fed Policies since 2 years
AUY's Inevitable Path to $7Is it finally time to be bullish on gold and silver mining stocks? A lot of indicators are pointing to YES. There will certainly be pullbacks along the way, but with interest rates rising and war tensions overseas, precious metal stocks are beginning to gain a lot of interest. NYSE:AUY will be the perfect example of that.
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Gold: Hangover with a cure in sightThe gold market seems to still feel the aftereffects of its New Year’s Eve party in its bones. After a period of rise into the blue area between $1816 and $1865, we primarily expect the price to lose steam and fall below the support lines at $1753, $1721 and $1673. Alternatively, the celebratory mood could last, so that the gold price could reach even higher goals with arrival at the resistance line at $1879. This possibility features a probability of 35%.
All in all, the gold market stays true to our primary scenario and enforces further descent. The price should then reach and even break through $1753.
XAUUSDDue to the failure of the uptrend line and also the completion of the pullback after the failure of the 1763$ level, the price decreased to the previous floor.
Manappuram - Long Term Bullish Channel MANAPPURAM in upwards channel. Expect it to run within this channel. I also see another trendline within the channel marked in blue lines. Though Manappuram sold off recently due to bad results, long term trend is bullish , as gold prices will shoot up high in 2022 due to Inflation across the world and currency devaluation. If it breaks out above the channel, expect a major blast in upwards, target 350-400 in 12-18 months.
AFRICAN GOLD - H4 - Nov 2021African Gold Group Closes Oversubscribed C$5 Million Private Placement
ursuant to the Offering, the Company issued 36,744,285 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.14 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until November 7, 2023. If at any time after March 8, 2022, the common shares of the Company trade at $0.50 per common share or higher (on a volume weighted adjusted basis) for a period of 10 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
GOLD OPPORTUNITIESWait for confirmation on the order block, and take care of your risk management.
Goodluck
Is it advisable to sell gold today?After the recovery of gold for a week, we expect the price to drop to correct, God willing
STRIKEPOINT GOLD INC. Swing Trade PositionSUMMARY
Technical Analysis: I am long the stock because I see price action has completed a corrective ABC pattern on the daily Chart. From here price action could develop a bullish counter trend.
Fundamentals: The company has commenced drilling at their High-grade Willoughby property. The Company is cashed up and IF! they hit bigly then share price pushes higher.
I do not share in your gains nor in your losses. Do your own due diligence. Trade safe, be well.
Visit their webpage and look through their corporate presentation - www.strikepointgold.com
Descending Channel for GBR?It appears as though GBR is displaying some bearish indicators coinciding with a price decline into a descending channel.
The Williams Alligator is showing a bearish cross and the bands widening pointing to the downside showing bearish strength.
Gold 700+ Pips In ProfitGood day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as the markets realized this, gold will go much higher. If you profited off this signal from me, be sure to like, comment and share your thoughts below. We do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Gold Getttng Stronger
You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here...
i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven".
Trading parts is interesting :
- So as you can see Gold Reached 2100ish got rejected and pushed back down around 1700ish
- Gold TA is different than cryptos cuz of old market and some Pro Traders instutionals playing with big money, the pull back was exactly 38.2 Fibo Retracement ( or 61.8 it's same ).
- Gold is cloturing May with a strong green candle.
- Next Month Candle will be very interesting to look at, if we get one more month of Green it could confirm a strong bullish market and eventually a break down in Economy.
- if the timeline is respected we could see Gold Reach 2300-2500$ before the end of 2022.
i will post some older Gold Analyses following this chart. Feel free to comment!
Happy Tr4Ding !
Gold in Range & Cup ConsolidationCurrently trading in a range and choppy in the current demand zone. Active sequence engaged since mid April when the 9ema crossed the 21ema and has been support. NO clear direction until 1750 is broken or 1820 is cleared for further direction. Other than 9ema and 21ema being short term support. RSI making higher lows and climbing.
gold 5 Elliotgold is expected to rise due to the fall of the dollar.
also .in terms of technical analysis ,the 5 elliot wave has not yet formed.
waves of A,B,C,D correction are probably formed and ended.
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
Descending Channel for QC Copper & Gold?It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious.
On the KST there's been a bearish cross where I have placed the red downward pointing finger.
The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern.
The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent.
This chart is done on a log scale, I will link another chart done differently.
If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
