Courious if it repeats.... P! Go4Knowledge: mytradingcoach.teachable.com
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale. It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will...
Expect reaction from 1900 handled on SPX, should provide a much needed pullback in gold
...and now at resistance. If price breaks thourgh the CL, then after a potential PB, i see Gold melting like Ice Cubes in the sun.
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
The new adjustment to the gold/us dollar by the EWA/EWP analysis! There are 2-variants of the price progression in subwave C. Classic impulse or can be Ending Diagonal Triangle!? Anyway: Buy limit - 1073.56, S/L -1069.00, T/P - 1086.00 Best regards! Sincerely yours, Powerful Traders.
value seems to be transferring from bonds to gold. a long gold, short bonds position produces an attractive equity curve. The charts shows dollar value for a combined position of 3 futures: 2 long GC (gold) 1 short ZB (treasuries 30yr)
Long position! Buy limit 10 lots at the price 1073.50 and second buy limit 100 lots at the price 1065.73. Both trades S/L 1060.00 & T/P 1087.00! Have a nice trades! Sincerely yours, Powerful Traders!
FRS tomorrow. Suppose, that many traders will hedge own finance. So, I will buy the market, S/L 1045.40, T/P 1096.31
I believe one should keep one eye on EURUSD while trading Gold right now. As long as intra-day strength continues on EUR , the price action on Gold should stay supportive Long 1137 Stop 1130 TP: ~ 1147-1155
Trade what you see...Facts, nothing more. In this Chart the facts are, Gold has had havy resistance athe the CL's and the U-MLH, now breaking the most important, Big-Boy CL's again to the South. Steam is blown in the wind and many probably getting hurt...again... Longterm i see Gold far below 1100, not just at the CL. ...but this is just my opinion, no facts,...
WHAT A MOVE...The jobs number spiked Goldie. The spike took out the last days highs and also blew through our trigger zone with virtually no chance of triggering short. THIS IS WHY WE USE TRIGGERS. If not, it would have been a very quick stop. So this trade is no dead to us. We still have Goldie on the watch list. The erratic action is telling us that she is...
After being stopped out on the long side we are back in the wedge. The fake breakout could reverse hard and squeeze the gold bugs so we will short any bounce. The failed pattern is a great pattern and one of our favorites. We also have a MONTHLY signal that fired short so we will press the short side of Goldie. Remember...NO TRIGGER, NO TRADE!
We were stopped out of our Gold position and are on the side lines. We mentioned that we had a larger time frame signal setting up and the long side was fighting that signal. We are now back in the wedge which could mean a fake break out and lower gold prices. Keep this on your watch list.
Gold has been trading lower and lower for a few years. It reached highs of 1900 and has since then fallen to recent lows of 1070. Whilst I am looking to buy and hold NASDAQ:GOLD at bargain wholesale prices (~$1,000/oz), I will look to take short-term opportunities on the short and long sides. I believe prices should bounce between these levels. Long...
Gold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE
We are staying away from Gold for now. There is no edge in this area. Lot's of needles have drained the accounts of amateurs. DON'T be an amateur! Be patient. Another setup is around. We are watching for either a bounce into resistance or a test of the weekly double bottom. Stay tuned