Gc_f
H&S Top GoldPotential H&S Top, declining volume on right shoulder, wait for neckline break for confirmation. Short on 40% retracement from top of right shoulder through low of breakout.
GOLD 4HR "ROADMAP$GC_F $GLD $GDX $GDXJ $DUST $NUGT $GOLD SI_F MULTIPLE TECHNIQUES SHOWING
CONFLUENCE.....
TIME IS APPROACHING...
IT IS GOING TO GET VOLATILE
RETEST THE DOWN STRUCTURE OR AND FLUSH TO LOWER LEVELS
OR BREAKS OUT TO RETEST THE HIGHS
"GOLD 15 MIN PRICE ACTION"$GC_F $GLD $GDX $GDXJ $DUST $NUGT PRICE ACTION ON 15 BASIS...
OBSERVE PRICE...STUDY PRICE
IT SHOWS THE SIGNS OF WHEN TO FOLLOW
"GOLD UPDATED ROADMAP$GC_F $GLD $GDX $GDXJ $DUST $NUGT $GOLD OBSERVING PRICE ZONES.......IF FALURE BELOW 1211.20
THEN LAYING OUT SOME PROBABLE PATHS OF PRICE..
ANY CLOSING FAILURE BELOW 1175 INCREASES ODDS
THAT PRICE WILL RUSH TO THE BREAKOUT AT THE
BOTTOM OF THE BASE..
STAYING ABOVE THE HIGHLIGHTED
BALANCE POINTS GIVES THE DESIRE BIAS OF ITS PATH.
Gold showing signs of DISTRIBUTIONGreat increase of upward movement today on greater than average volume. Prices closed very near the high of the day; however, even with the extra volume prices could not break resistance (C).
The next few trading days will be very important. If the rally falls and this creates another lower high below resistance (D) then I believe we are seeing larger scale distribution that started on 11 Feb into the "buying climax" (BCLX).
A failed "rally" would likely have to test support (A). My bias is bullish GOLD despite my present thesis that it is undergoing some distributive pressure. So I speculate that we would begin to see some "reaccumulation" around $112.
Good Luck!
GoldBulls remain in control of the ascending channel as sellers were unable to follow through with yesterday's decline into FOMC. Support noted at 61.8% retracment
Gold Siver Ratio - Watch the trend$GLD $SLV Gold/Siver is trading up around levels that have tended to lead to significant silver outperformance on a relative basis. However, watching the prevailing trend in the gold-silver ratio also provides some clues as to the performance of silver on a absolute basis.
On the chart, marked are the three previous cases when the gold-silver ratio has broken down from its multi year up trend. When this has occurred, silver has performed quite well on both a relative and absolute basis.
Its looks possible for both gold and silver to test at a minimum the underside trend line that was lost during the recent bear market. However, due to the significantly deeper pull back observed by silver over the past 5 yrs I believe the upside relative to gold is much more significant.
Long silver on the break down of the prevailing gold-silver trend line.
Gold WeeklySome consolidation in the shaded area may set up a long entry for a move to $1400. Would also allow for 200 day MA to start to turn up while working off some shorter term overbought readings.
"YELLOW METAL ROADMAP"Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time".
Breaking below the inflection point of 1142 increases the odds to attack deeper
targets.
GOLD "ARE YOU PREPARED"POTENTIAL SYMMETRY MOVE MAPPED OUT FOR THE YEARLY PATTERN. IT LAYS OUT THE EMOTIONS OF THE MARKET. :PRICE ACTION" IS EVERYTHING.
MINERS ARE STARTING TO PRODUCEKEEP IT SIMPLE....FOLLOW THE FOOTPRINT OF MONEY AS IT BREAKS THE PRICE FLOW..
TARGETING 24.83 BASIS THE LOW OF THIS MOVE.
One oz of gold gets you 46 barrels of OilMy bias is more for oil up than gold down over the coming months .$CL_F $GC_F $SPY
GOLD "ARE YOU PREPARED"POTENTIAL SYMMETRY MOVE......IT LAYS OUT THE PREMISE FOR THE EMOTIONS IN THE MARKET.
THE MARKET IS ALWAYS RIGHT. ONLY "PRICE ACTION PAYS.
