COT shows similar condition to DEC 2015. Seasonality Here .
There is a resistance line since 2009 and gold/silver is right below it. Same below, a support line. Where is it gonna break ? Up or down ?
Gold had push through initial short term resistance around 1199/1200 levels yesterday, before pulling back lower. The yellow metal seems to have broken below a short term support trend line but it could still find support from the current levels around $1189/90. Also note that prices are right at the fibonacci 0.382 support of the rally between $1160 through...
After April 2018 when USD starts the recent bullish tendency platinum was under pressure during that time. Now, in the case USD continues its down move, we can observe recovery of the platinum and other instruments.
Gold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat. The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel. Also, previous behavior in GLD is that it often forms these V-bottom patterns when it...
We have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $ Buyers should come in here Hard to justify a sell Crazy divergence daily RSI US dollar craziness 10/30 spread craziness Stock market will not make new gains if gold continues to fall either They have to make up their minds now --> FED
Dxy is currently Trapped
Yen, Bonds, Metals all getting along today for once. Camarilla range fully explored. $GLD $SLV $GDX $GDXJ
Even with the strength of the US Dollar, Gold is attempting to hold above 1217 which coincides with a key Fibonacci level on the chart. I know my charts seem cluttered, but this is a lot of Fibonacci, Time/price cycles, Tesla Vibrational theory and other analysis tools on one chart. Pay attention to the 1217 level right now because I believe this will play out...
At the moment of writing this alert our full 200% net short position in gold, silver and mining stocks are well justified from the risk and reward perspective. Yesterday we wrote about the invalidation of the HUI Index below the key fib level and also discussed that really seems very insignificant from this point or may even be over. We saw a huge decline in the...
Swing set up for EURCAD, set sell limits at 1.53 with TP at 1.50
This is very clear! Just wait for weekly Golden Cross
Chart says it all, foreign rates playing catch up to the upside, may be hard for the $$ to break higher,