AU AngloGold Ashanti has operations in a variety of locations including North America and Africa. With spot gold rising and mostly fixed operational costs, AU stands to improve its overall margins. Here on a weekly chart, price has crossed over the POC line of the volume profile and the mean anchored VWAP line. The Price Momentum Oscillator and Relative Trend...
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over the POC line of the volume profile,a monthly volume bar over the running mean for the first time in two years price crossing over the mean anchored VWAP and both the trend and the momentum indicators making reversals. I will open a long trade of both shares as...
GLD is shown on this 240 minute chart with a falt top triangle drawn with upper and lower trendlines for resistance and support. A volume profile is overlaid. Text boxes comment on the basis for the trade and the use of the relative strength indicator. Price is low in the high volume area confluent with the support line. I see this as a long trade set up and...
On a 15 miunte chart. CMCL is seen trending down and then reversing while traders seek to sync it to the price action of spot gold. The chart demonstrates price reversing on May 2nd out of an anchored VWAP breakdown into a rubber band reversal into a cross of the mean aVWAP. The movement of the PMO ( Price Movement Oscillator) confirms the reversal into a...
My thesis is that comparing an equity price in a ratio to spot gold expecially on long time frames can sometimes bring clarity to complicated trading decisions. Here, I seek to determine since I hold both gold on the forex market and NVDA call options, whether I should sell one to buy the other. Upon putting the ratio of NVDA price compared with spot gold on...
XAU last week had a trend up followed by a double top on July 19 and 20. On the @H chart the trend down seems to have included a drop through the basis band of the Bollinger Bands as well as a crossunder the anchored mean VWAP and then further downtrend until price was outside the lower BB. The current candlestick pattern is that of a morning star...
LODE being a penny stock with high volatility is well positioned at the bottom of its range for an uptrend on the 2H chart to respond to the recent moves in spot gold and gold futures. Gold is increasingly in play due to macroeconomic uncertainties including the debt crisis, probabilities of a serious recession and the challenges cyptocurrencies are making...
Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally. Current base level is near $1670 to $1710. Normal rally results in a $400 to $475 rally phase before exhausting. My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be...
After FOMC decision and subsequent fall of gold XAUUSD has been in neutral trend for more than a week now. This is well visible on 1-hour time frame and simultaneously reflected in low ADX value. On 1-day time frame RSI reversed from oversold area and gained bullish direction. MACD slowly loses momentum but Stochastics remains bearish. ADX value remains high and...
GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch. We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios. Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key...
GOLD will soon reach resistance confluence and start falling again GOLD will retest the broken resistance that became support Sell when resistance reached Like, comment and subscribe to grow as a trader! See fresh ideas below too!
GOLD is trading in what might be a bullish triangle OR a bullish flag Which means that eventually the pattern is likely to break upwards Yet the current buildup of the similar in nature resistance structures That are mounting on the lower levels than before Give us a decent chance GOLD will show one more lower hight Break downwards And retest the support at...
#Gold Projections Week of 08022020 $gold $xauusd
Welcome to my series of macro outlooks where I put together threads focused on long term perspectives for major asset classes. My goal is to provide you with a long term view that I update on a monthly and sometimes weekly basis so that you can have the means to make wise and calculated trades in the shorter term. I have threads for assets that are typically...
Most of the top ALTs has seen extreme gains these past weeks, coins that even has no value has increased in value. Bitcoin is fighting bears on daily basis and having problems around the 17,500$ mark. Bitcoin Cash has been setting higher lows these past days, and enter levels are becoming more expensive. I think getting in on a position around 2500-2660$ mark is...