Gold has had a great run since our last outlook from our first and secondary levels of support, and price action has been able to climb through our intermediate target of $1,301. However, due to the potential U.S. election upset by Donald Trump, the decline in the U.S. dollar and general market turmoil, the gains in the yellow metal have come quickly. Near-term,...
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick. If we break above 13.73, we could see long term uptrend continuation. CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver bullion. CEF is...
XAUUSD is forming inverted head and shoulders and double bottom - Adam and eve - patterns. Buy the breakouts. Cheers!
Nothing much happened in Gold during the last three weeks. Overall timeframe stays above balance zone, which is an indication for long. Internal correction not over yet, let's see where it'll end before the resumption of the previous uptrend becomes more and more likely.
This is a potential head and shoulders pattern. Neckline breakout will trigger a sell signal. Green Pips.
XAUXAG is currently forming a descending triangle and we expect price to break out lower towards the main trendline in play.
ALL IS ON CHART. 2 PATTERNS, 2 D's AND THEIR RETRACEMENT TARGETS.
I'm going short gold after closing longs, I'll add if we break under today's low, on close, with a tighter stop as a swing trade. Good luck! Ivan 'gold bug party pooper' Labrie. ps: I'd reccomend against going long gold miners, gold, silver, and others here, risk is very high. Wait for commercial traders to go flat again (like at the beginning of the year)
**** 4 HR chart only**** SPX is going to trade in a zone. You can expect trading options strategies for sidewise choppy trading. The zones are RED solid line and Black support zone. If black support line breaks then you can go SHORT.
Green targets off of the SHARK pattern. Higher targets on chart for later... Good luck... sorry about the art; i was bored waiting.
All in the chart. But use care, DXY can still move up in right triangle range and still be valid. Not a trade, using for gold trade review.
If Natgas breaks 2010/2014 High black line; next target is Red resistance line of 2005/2008 high around $6.45-$6.15 by 2018 RED RESISTANCE LINE Dec 2005 $15.53 high & July 2008 high $13.56 BLACK RESISTANCE LINE FROM 2010 HIGH & 2014 HIGH
S&P MONTHLY BEAR MARKET PROJECT RED LINE
******DAILY CHART ONLY****** ============================ S&P BROKE SUPPORT. WE CAN GO SHORT NOW FULLY LOADED. The RED RESISTANCE LINE WAS CREATED FROM 2 TOPS: ONE FROM 2015 MAY HIGH AROUND 2134 AND TOUCHING 2016 AUG HIGH AROUND 2190. The green line STARTED FROM 2016 FEB LOW AORUND 1810 AND IT TOUCHED THE NEXT LOW OF 2016 JUNE AOURND 1990. BUT Todays OCTOBER 13...
EURUSD BROKE GREEN DOTTED SUPPORT LINE FROM 2015 NOV LOW $1.05 . AND CREATED A DOWNTREND RED LINE FROM 2016 MAY HIGH FROM $1.16 Next test fro EURUSD IS SOLID GREEN LINE WHICH WAS CREATED FROM 2015 MARCH LOW @ 1.045
Bitcoin still trading in Triangle pattern. There are 3 triangles in different degrees in play with BITCOIN : 1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE) 2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE) 3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low...
Wait for it to complete and wait for it to not push through it. I have lower targets but can reach this before pull back. Initial long tp1: 1265 if it turns, looking for tp1 1259 and tp2 1255 if not lower. Sorry it's messy; busy trading.