Cornhub

Cornhub Updated 

On a bigger picture, Gold is still on a uptrend bullish channel, but somehow we are forming a potential Head and Shoulder pattern, but on the potential right shoulder, we can see the price is trying to form a Inverted Head n shoulder, by doing that, we may see the Head n shoulder pattern may change to a King Crown formation. Still on my chart, I see we finished 5...

Cornhub Updated 

This is my view on gold for the next several days on 1H chart. Last week, we broke the small uptrend level(see blue line), and people saying we may find a top in here and start to move down, or say adjust, and it did until we met NFP. The NFP data was surprisingly good and we all expect a huge leg down, and it did as well. But, it was more like a massacre from...

Cornhub Updated 

After the crazy Brexit, we pretty much think gold is probably heading towards $1400, currently gold is on a small symmetrical triangle right now, looks more like a consolidation for another bull. Based on my ridiculous experience before, we may see a bear power down(coz both RSI and MACD are heading down now) and then got pushed back up high. Anyway, who knows...

Cornhub

Gold had a strong sell off in the last 30mins, then got stopped right at 1360. And on 1H timeframe, we can see it forms a small descending triangle, which can be bearish for gold, but 1360 big solid support makes me think it can go high again, or i'd say reload time for bulls. Potential 2 ways to go: 1. we formed a solid double bottom, break the descending...

Cornhub Updated 

Gold at this moment doesn't look that bearish to me right now, instead, it's forming a small support. I'm expecting a retrace on gold to 74-75ish, and GDX and other miners still have a small gap to close, so far, we have a ascending triangle for bear miners (DUST), overall for the short term, i'm still bullish on DUST, but for now, i'm expecting it to close the...

Cornhub

gold will be soon reveal it's direction, either up(double bottom) or down (descending triangle)... Who shall prevail? Viewers: here's your potato~

Cornhub Updated 

short term i'm bearish on gold, miners has been acting weird recently(aka. always), people been selling miners for a while, that makes think that it must be something going on. Here's my little chart for people wanna do 3xETFs, on Dust, there's a potential cup n handle formation happens these couple days, and for now, i'm even looking for a AB=CD for now. Anyway,...

Cornhub Updated 

Gold is still continuing it's bullish movement right now even during the asian market, on 30 mins view, it may form a double top; it may form a gartley; it also can be a huge bullish wave up. Can't see the top right now since it breaks previous 1306 high....so our target right now is: until the trend breaks....peace~~~

Cornhub

stay neutral and see how grandma Yellen rocks

Cornhub

Here's my prediction on gold future movement, we all saw a big bearish divergence with RSI on Friday, and a sell on Friday as well, I think gold may resume it's selling when market opens again since DXY looks like its gonna going up. There are lots of data coming up next week, especially FOMC, I don't think mama Yellen is gonna YOLO and raise interest rate in...

Cornhub Updated 

As the previous idea I published, the gold is starting to retrace a bit, which is good to see. Now, 3 potential ways of the movement that I'm kinda expecting(see orange arrows), 2 of them are short, 1st is it'll continue dropping, and it will have a small retrace, and we short the top again; 2nd is it'll going up and hit the major downtrending line and we can...

Cornhub

just a thought, see red lines...

Cornhub

Granny Yellen will speak tomorrow, expecting a dovish tone based on Friday's terrible NFP, looking for some long opportunities, happy trading

Cornhub

This NFP is such a bummer for everyone, Gold is boosting and consolidating, people lose faith on the possibility for June and July rate hike and also lose faith on Fed. just post this chart and see if double bottom can be formed in the next couple months, and also, see if we can retest 1300 anytime soon. Happy trading~

Cornhub Updated 

Gold broke the downtrend line and reverse back up a bit, Consumer confidence data boost it a bit as well, lots of data coming in this week, especially the most important NFP data on Friday, this bull may be a retracement of previous drop since we all saw a bullish divergence previously, if data is positive, I'd like to see it reaches previous low, if it's...