GLD
GOLD will break ATH (▲▲▲)🔥 DELTA7 Trend Score: ▲▲▲
💡 Quick Analysis:
M onthly ▲ - Monthly still showing on-going momentum. Pullback likely to be a reaccumulation
3 M onthly: ▲ - Solid widespread trending candle. Next 6months there a good chance retrace for stop hunt on the open of that level.
6 M onthly: ▲ - Price currently above yearly/semeter open which is a resistance range.
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Word of appreciation to all people following finding bits of my content useful in shaping their own thinking. I appreciate the words. 🙏
Improving your thought process is 10x more useful than just following signals or trade-setups. That is generally my main goal, impact the mind.
Be aware, following trade setups that become extremely popular are more likely get smart-money and whales working against you.
Keep this in mind that nothing is ever static in the market. Likewise, pattern setups or other type of set-in-stone setup will cause you drawdowns and getting stopped more often than not.
The key is adapt with the flow and be opportunistic as the market evolve and pay attention to higher timeframes, always.
The hindsight clout game on successful trades is irrelevant. All that matters is your own PnL. How you manage risk, money and your emotions.
If you are just following other's setups its is just a question of time until you lose all your money over time. Yes, its going to happen.
In these videos seek to capture strategic thinking not tactical setups or counter trade popular ideas just for the shake of counter trading.
"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel
Everything is supply, demand, fear and greed. That is it!
Supply and demand is what dictate scarcity and the different push/pull forces in the market and smart money, market makers and other liquidity providers will use "Fear and Greed" as a tool/framework to drive emotional reaction from retail and other players prone to these traps.
Best! 👊✌️
D7R
Gold 100% Potential - Cup and HandleThe cup and handle is a fairly reliable trading pattern, especially when we see it continue here on the long term time frames. Gold has been building this position for quite some time.
For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold scarce assets. In a world where supply can be stimulated simply through printing, how do we retain some type of reality in the markets. They physical assets here will maintain a value sentiment as dollars are increasingly printed. They will inflate the prices of all the other asset classes, or at least, that is my current conjecture, Keep a close eye on your GLD trades here, or do as I do and ....
ALWAYS KEEP INVESTING!
$GLD / $SLV Resistance Now Support - Bullish for $Gold$GLD / $SLV Resistance Now Support - Bullish for $Gold
Point of Control Supports Gold Futures$GC_F: the Point of Control since 3/23 (which was the bottom for $ES_F) has been a key pivot for five weeks. As long as it holds, the bulls are in charge. Swing lows as $1,680 provide secondary support. Fundamentals remain massively bullish.
Risk-Off Would Equal a Big Bounce for Gold/Silver RatioWhile we have a $50 target for silver by the end of 2021, we fully expect it to get smacked in risk-off environments given its importance to industrial activity. When investors are optimistic, silver trades like copper; when they're scared, it trades more like gold. It's had a great run here and while we fully expect to see the ratio get back below 80 in time, gold should outperform silver in the very short term.
China Tensions to Push Gold Over the Top?Technically, gold has been more or less bulletproof since March, finding strong demand on every minor pullback. If the "China Trade War" period is any guide, we are very close to a breakout topside. As long as GC1! stays in the upper half of that regression channel, you're supposed to get long and/or stay long. Bulls may need to wait for the 50-day to catch up so be willing to be a little patient. Our target remains $2,000 by Labor Day and $3,000 by the end of 2021.
$GLD / $SLV Resistance Now Support - Bullish for $Gold$GLD / $SLV Resistance Now Support - Bullish for $Gold
$GLD vs. $SPYGold to S&P ratio. Looks like Gold is primed to keep outperforming the S&P if this continue $GDX
Heavy buying into close. Looks like we may test 2012 highs soon Long gold. Where else to be. Hedge the deflation/inflation cycle.
AUD:JPY (inverted) vs. Gold FuturesAwesome move this week in Gold. It'd be encouraging to see AUDJPY head lower, which in turn, will not bode well for equities..
