Comex
Comex Gold heading 1193.9 & 1190.3Gold continue to trade lower, current swing projection at 50% retracement level 1193.9 and spiral projection 1190.3.
CSX:IVH OTC:IVPAF Ivanhoe MinesSmall-cap: IVH or OTC: IVPAF showing potential entry. Shown here is 2h chart.
* Fib retracement on 1D indicates entry at near 1.50-1.54 and currently at 1.57.
* CCI coming up to entry zone
* Falling wedge coming to Fib resistance zone .768 (1.50-1.54)
* Relative Strength nearing breakout, or if falls below 1.48 review position
* Copper prices were strong in 2017 and weakened in 2018. investingnews.com
* Nickel is byproduct of copper mining and likely behind deal with CITIC. investingnews.com
investingnews.com
* Zinc also potential driving this one back up.
* IVH chart from Investing News Network investingnews.com
* Active projects in CAN and South Africa
Hit copy, make mine and change to 1D and 1W and add Fib retracement.
This is mining small-cap/micro-cap stock, so risk beware and make own conclusions.
COMEX:HG1 Copper FuturesCopper price high from 2017 decline nearing reversal in futures.
Not advice, come to own conslusions.
GOLD Bullish DiverganceGold price reached a possible reversal zone at the uptrend line on the weekly time frame. You can read this post for more details, just click on the link in the related ideas below this post. If we look at the daily chart , we can see a buy signal based on a bullish divergence . The price bounces from 1220.00 level and RSI confirms the price reversal in the oversold zone. MACD histogram supports the possible upward movement. DMI is still bearish and confirms the strength of sellers and that's why we should use pending orders and a breakout signal for buying. If price moves above the resistance zone formed by the weekly uptrend line, SMA20 and 1240.00 resistance level , we'll get additional signal confirming the upward movement. Entry level should be above 1245.00 with stop orders below the local swing low at 1210.00 level. The main profit target should be at 1300.00 level. If the price breaks this resistance, the next target will be 1350.00 level.
Is gold conscious of the red trend line?Gold came to see the shape of downtrend.
Gold has not reached YPP (P) 1269.009 and is trying to fall again.
Please look at the weekly,You can also see the red trend line being conscious.
weekly
But I decided not to use this line because of my discipline.
So I will not do anything now.
There is no reliable horizontal line near here.
Therefore, as usual, I wait for the entry since I attracted somewhere to PP.
<< tactics >>
1-1) It got up and reached near YPP (P) 1269.009. It functions as a resistance line.
short.
The first limit is decided with reference to WePP of the next week.
The second limit is on MPP (S1) 1229.533.
1-2) It got up and reached near YPP (P) 1269.009. It penetrated above.
Because it assumes down trend, I do not do long entry.
2-1)It got down and reached near MPP (S1) 1229.533, which functions as a support line.
Because it assumes down trend, I do not do long entry.
2-2)It got down and reached near MPP (S1) 1229.533, penetrated downward.
Short entry will be done once it functions as a resistance line.
The first limit is decided with reference to WePP of the next week.
The second limit is on MPP (S2) 1206.045.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Would gold decide to Downtrend?It is gold down since last Friday, but it is currently staying under YPP 1269.009.
If YPP functions as resistance as it is, if the trend line of the weekly feet below (currently around 1242.000) also goes down, I think that it is the aspect of the downtrend.
weekly chart
As the most recent trade.
1) Judge that YPP 1269.009 functions as a resistance.
Short and set limit above MPP 1258.160.
2) Pull out YPP 1269.009
MPP 1278.303 is above YPP1269.009, I think that the immediate long is difficult.
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Silver will make its move very soonSilver markets have been in consolidation mode for over four years and that looks like it is about to end. The silver market has been consolidating at the 78% retracement mark from the October 2008 low of $8.4 to the April 2011 high of $49.82. The market has been toeing the 200 month moving average for support and the 50 month moving average as resistance. The monthly volume has been increasing for the past two and a half years with prices trading between $13.62 and $21.225 in this time period. I am expecting a breakout this month or possibly July at the latest.
The last time silver boomed and busted, in the early 80's, the market took 30 years to trade back up to the highs and make all time new highs. I would argue that 1980 high, of around $41.50, was artificially inflated due to a cornering of the market by the Hunt brothers and should probably not have traded above $15 or so. There were rumors on the Comex exchange of clerks who were hired specifically to scout out when the Hunt brothers were walking to the exchange and the clerks would run back to their brokers and tell them so their brokers could get long before the Hunt brothers entered the trading pit and began buying.
The recent period when silver made a new all time high, the run up from 2003-2011, was exacerbated by quantitative easing and the expectation of future inflation through dollar deflation.
I would expect silver to start to break out of this symmetrical triangle by the end of July at the latest. The market should find resistance at 17.30, 20.40, and 24.30 area. Support can be found 13.60, 12.30, 10.60 and 8.40 regions.
If I had to take a guess, I would expect the market to move higher. I would look for two weeks of settling outside the triangle before entering the market either way. Remember, silver markets are settled every day at the weighted volume average price of the trading between 1:24-1:25 eastern time so the weekly settlement occurs on Fridays between 1:24-1:25.
GC1! : Horizontal motion channel and possible movementsHorizontal movement (1045 - 1377) on the monthly chart and possible movements
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Gold Future APR18 (COMEX)Trading Signal
Long Position (EP) : 1330
Stop Loss (SL) : 1327
Take Profit (TP) : 1339, 1347
Description
GC1! future formed Double Repo Buy at 4h time frame. Buy Limit position at 1330.0 When the position has entered, place first take profit with 2/3 contract before an agreement 1339 and place stop loss at 1327. When the first target reach, shift stop loss to break even (1330) and wait until the rest contract or second profit will be reached (1347)
Money Management
Money in portfolio : $48,000
Risk Management (2%) : $960
Position Sizing
1 Tick value = +-$100
Commission fee = -$30/contract
EP to SL = 3 Tick value = -$300/contract
Contract size to open = 3 contracts
EP to TP = 9 tick value = +$900, 17 tick value = +$1,700
Expected Result
Loss = -$990
Gain = +$3,410
Risk/Reward Ratio = 3.44
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
GOLD FutureGold minor correction for uptrend. Trade setup with Buy Stop position (EP) at 1344, Stop Loss (SL) at 1329 and Take Profit (TP) at 1354.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1354 - 1344) * $100 * 1 Con = $1,000
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
GCG2018Applied B&B Pattern. Trade setup with Buy Limit position (EP) at 1332, Stop Loss (SL) at 1322 and Take Profit (TP) at 1360.
Money Management
I have 17,800 USD in my portfolio. I can lose 10% of the port which is 1,780 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $17,212 / $3,850 = 4.62 Cons)
It is 10 Tick from EP to SL, with 1 Con, I will lose 10 * $100 = $1,000
To lose 1,780 USD I need to open 1,780 / 1,000 = 1.78 Con
Then I will put 1 Contract
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
Weekly Gold Market Analysis January 14th 2018.COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90.
The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume.
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What do BITCOIN, GOLD and PRICELINE have in common? Bitcoin and Priceline stock have all fought hard support around the all time high of gold
The red line and Blue fill are Bitstamp and Bitfinex btcusd prices respectively.
The blue line is PCLN stock
The green and red bars are Gold.
Can bitcoin build a floor up here?
COPPER: Buy Setup towards $2.75 On daily its forming assymetrical triangle abcde. Towards 2.75 and then I believe retrace to 2.2 for 618 fib of C impulse making primary X followed with pending y to 3.075. for completing final structure.
Trade your plans.
