#Gold Projections Week of 08022020 $gold $xauusd
I didn't realize how technical this spread is. Bitcoin looks like its ready to break up and get back into the long term rising channel.
This the pattern is called Anti Shark, yes it is bearish even the stock market will go down also !
Gold miners are clearly worthless now that gold is down 10% from the high. Does anyone know who planned this event?
Weekly chart showing pattern incomplete, price may reach to $1733.. watch UGLD !
Look for convergence on the ADX and DI indicator to find the next top and consolidation level. This will likely happen on the upper edge (blue band) of the pitchfork. Global fiat currency debasement, combined with geopolitical risk and global economic slowdown; make Gold an attractive hedge.
Look for convergence on the ADX and DI indicator to find the next top and consolidation level. Global fiat currency debasement, combined with geopolitical risk and global economic slowdown; make Gold an attractive hedge.
Miners have yet to catch up to XAUUSD, It looks like Gold at $1620 will happen within the next month. I estimate that would take NUGT to ~$54.
With the Greed index at the top and the pattern on this chart, JNUG should be on your watchlist. When this takes off, it will be a very nice move! money.cnn.com
The otherwise bearish gold chart may not touch down on $1400 to $1420 as many expected it to. Trade wars and tariffs along with the debasement of all fiat currencies may trigger the return to higher gold prices. Gold bugs who have been frustrated again and again over the last 5+ years may now see another large scale move as short positions are covered heading...
Folks, we hate to burst the bubble but... Has anyone looked at the charts of the GOLD and SILVER stocks? RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about. To top this argument off, the big companies like GOLD and NEM are...
Gold is over extended and even though all the books say, don't short the uptrend, now it offers a good RR. SL @ 1510, 1 TP - 1460, 2 TP 1365.
There was a huge rapid upswing in gold from 2008-2011. After a large rapid rise there is often an expended sideways consolidation IFFFF the longer term bull market is not over. I favor it is now over as I still favor long term the US dollars fall is not over. The action from 2012 to now may be part of such a extended consolation. We now have potential saucer...
GLD (Gold) touched where I believe is the current trend's support line. Oversold on Williams, but Williams is more effective as an oscillating indicator.
Gold bouncing off bottom of upward channel on the weekly here. Could be a very bullish set up for a break over 1400. Perfect timing before the FOMC meeting