Nice break out for gold 0.64% , reaching 1233.00. From here I expect Gold 0.64% to pull back to $1214-$1210 I plan to long when the profit taking pull back is finished, in area of $1210 with a target in the monthly pivot of $1237. Sell limit between $1237 - $1240 with a target of $1171. I will update a new Gold 0.64% chart as this trade plan manifest.
For the time coming i am a dollar seller. I think we have seen some disappointment after this dovish hike of the Fed. This will for the coming days keep a lid on the dollar. I will be looking to buy US 10Y Bonds and Buy Gold. Silver also looks like a solid play. 10YR US Bonds
Possible structure for Gold If analysis is correct look to short 1237 (Monthly Pivot) with a target of 1180 then back to 1200. From 1200 I expect 1080, unless bull is re-woke. Happy Trading!
First of all, in a technical perspective we shouldn’t deny that Gold and Silver are in an intact long trend with higher highs and higher lows from the last significant low of 12/15/16, where the market bottomed at around 1123 US$/OZ in gold and 12/23/16 at around 15.64 US$/OZ in silver. From their gold rallied about 12.52% to 1263.14 and is now currently pulling...
Frena en el Cluster formado por Fibonacci y sale al alza. Es un activo corrrelacionado al oro y plata que tuvieron una gran recuperacion. pero el cluster formado por el activo genero mucha fortaleza al alza.
Instructions on the chart. GL! Careful NFP this Friday.
I'm bullish for the most part, but we have risk in this zone. If we do break higher on close, and stay there, we could see a massive short squeeze rally in gold and silver. In the case of gold here, the target would be 1714.28, initially, but could evolve into a resumption of the long term advance in gold, so, I'd reccomend simply owning some physical gold, on top...
Instructions on the chart. Play safe. We are also monitoring UJ Daily behaviour. Weekly close indicates heavy bear ahead... Key areas to watch - DMA20 (1214s/1217s). GL!
The miners are following the same bullish pattern as gold and silver, having resumed the bull trend as a wave 1 of an extended wave (3) which should take us to $30 over the next couple of months and very likely north of $50 over the next year. A drop below $18.60 would invalidate this count, though it seems unlikely given the current setup.
Instructions on the chart. Pay attention to Gold's PA also... Look out at DMA100 (110.6s) GL!
Why gold is really moving higher.... Gold had another strong week following a more dovish stance from the Federal Reserve last Wednesday, leaving the the Fed funds rate <75 bps. Moreover, gold futures were able to close above the key resistance level of $1,200 – a level last seen in November. The growing uncertainty of President Trump’s rhetoric and policy is...
Daily chart,- Watching as things develop and show clear sign of patterns/direction early in this year. All is on chart.
Gold is acting quite bullish in the daily and weekly now, and we have different signals in higher timeframes as well. Potential upside is significant, but we need to see a few things happen next. The most immediate one is breaking above the 1241.65 resistance, and holding there. After we do that, we'd need to go up to 1289.80 and test that level, break it and hold...
In this chart I analyze the recent uptrend in the Franc. It appears to have ran into a wall, where the election day's low and the Brexit low sit, as well as a massive volume level, which will take time to break. I'd rather be flat here, and wait, we can look to buy dips in this or the Euro, or Gold or Silver probably meanwhile. This can serve as a hedge against...
Instructions on the chart. long from 1184s SL at BE. If 1206s break above this plan will be considered invalid. Be careful and GL! Volatile week ahead...plus Month-end candle!
Instructions on the chart. A lot of uncertainty still exists within first 100 days of the new President. We are buying dips in Gold. Trade Smart. GL!
Smaller TF Trade Plan. Instructions on the chart. Good luck! **We are still buying dips :)