Gc!1
GFI: Bought at market open - Huge potential, great fundamentals$GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open.
Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
GC - Gold running to the upper MLHForkTrading leads us to the right direction.
Here we see how Gold respected the Centerline so far.
If Gold is closing the week above the Centerline, I expect the next station to be the Upper-Medinaline-Parallel (U-MLH).
P!
GOLD GC XAUUSDWe have begun the rotation into the commodity cycle and ending the equity cycle. The unwind in equities will be apparent into this coming year. I will post a crude oil chart today also that is clearly demonstrating a similar set up. It's not the best time to get in as the current high in gold will see some short term consolidation as the chart shows. In the meantime I do expect equities to make a new high... for example I see AAPL reaching the 185 to 190 range in the short term.
This is only an opinion. Thanks.
GOLD Golden Sell SetupGOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit the 1244 support level. Judging by the size of the previous moves after an ema break its also likely that this 1244 support well break.
Sell at market open.
Stop at 1266
At 1244 move stop to 1252
At 1236 move stop to 1244
At 1224 move stop to 1232
At 1217 take profit or move stop to 1226 and aim at a further fall down
Gold Sell The BreakoutVery nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish.
This makes gold a very nice sell for a target of at least 1215 and maybe lower.
Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels.
TP: 1218 > 1210
SL: 1260
Gold Break OutGold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising.
So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.
GOLD Start BuyingOn the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up.
Trading Advice:
Risk: Start with a small buy position, add more at the support or when the upper range has been.
Low Risk: Wait till price get close to the support area or has broken the upper range, then add a nice buy position. If you did add a buy at the support level add more when the upper range has been broken.
GDX at an important decision pointGDX inverse H&S nested consolidations. Expecting upside breakout in the months ahead.
GC (Gold) short downtrend continued by strong uptrend.Classic gold when breaking down in a bearish channel . We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty breakdown. Watch key levels marked on the chart for buy areas.
GC (Gold) short downtrend continued by strong uptrend.Classic gold when breaking down in a bearish channel. We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty breakdown. Watch key levels marked on the chart for buy areas.
Gold - GC at decision point.I see that Gold has risen above the U-MH's.
But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH.
If price is trading back into the blue fork, then we will see a nice drop.
Otherwise it will rise like a balloon...until the guys with the needle ending the party once again.
So, let's observe and act accordingly.
P!
GOLD Looking UpGold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it.
Gold Buy around 1255
TP 1266 > 1278
Stop 1245
