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Goldfutures

Gold 1M outlookI thought it would make sense to look at the 1M chart in order to analyze gold for the longer term, based on a purely technical analysis. The orange bar has become a resistance level since 2011, and this trend has held up to now. With that being said, both the RSI and MACD bottomed out in 2013, yet we've seen consistently lower prices since then. We also seem to have started a new bull RSI trend since this bottom as well, hitting higher lows on the RSI for each drop in price. We look towards 2017 as the year we can finally break this orange trend-line established over 5 years ago, as the RSI and MACD are pointing us towards another re-test. I will not only be watching the $1200 level (which has been a key transition area for years), however I will also be watching the $1270-1300 level, as this would be the retest level for the orange bar.
FX:XAUUSDLong
by GeorgeJimas
1
BULLISH DIVERGENCE IN GOLDI believe there is currently a strong bullish divergence in the RSI and MACD. My TP is 1250$, and I will re-evaluate gold when/if we get to that level. We are currently making higher lows in both the MACD and RSI (while the price decreases), which leads me to believe we will see a strong up move in the following days. My advice is to avoid listening to the gold chat too much, as people will claim 1000$ if we drop 1$, or 1400$ if we go up 1$. I would also advise to avoid listening to people who do not post charts, yet seem to be spamming the chat with nonsense all day, or the people who post charts, but continue to change their opinion/strategy every 10 seconds. There are a lot of people on here who provide advice based off their current position (their own interests), so be careful when following others. Follow your strategy, and stick to your chart. Goodluck.
FX_IDC:XAUUSDLong
by GeorgeJimas
2
GDX - POTENTIAL DOUBLE BOTTOM - IS IT ROCKET SHIP TIME?I believe a double bottom has formed at the 22.50 level. This could lead to a potential boost to 26 over the next few weeks. We have seen a nice bounce off this level in the second week of October, and have been progressing well a long the daily bullish trend-line. Unfortunately, miner equities and ETF's have been selling off with the recent equity sell-off, and it's gains have been capped. I believe that as long as gold remains bullish this week and bounces over 1280, we will see the GDX take off, and it will decouple from it's relationship with the other equities, and lean more towards it's relationship with gold.
AMEX:GDXLong
by GeorgeJimas
3
THE GOLDEN CHANNELI went long on miners at points A, and B. I have been using this channel since October 24 to help analyze whether or not to add to my longs, or if we would drop to my second trend-line. Based on the help we received from Clinton today, and the fact that we closed over 1275, I believe the lowest we will see next week is 1268/69 (this is based on my trend-line, and RSI ticking up). I do not believe we will close below 1270 all week, and I think 1290 is a realistic target. (this is of course unless the Fed decides to raise interest rates in November, which I think is highly improbable). I also do not foresee us dropping down towards the second trend-line unless NFP is very strong (which I also believe will not happen). I believe Bulls will have the momentum for the upcoming weak based on how this week ended (close over 1275), and I feel that the Fed and the NFP report will help solidify their grasp on the week.
FX:XAUUSDLong
by GeorgeJimas
GOLD CRITICAL JUNCTIONI don't trade gold unless it's extreme high or extreme low for long term holdings. But just would like to share my charts with gold bug traders so that they know where they are trading. Move extremely cautious if your are long as PRICE is approaching the solid RED resistance line. If you want to go long then let it break. Also this is a monthly chart so don't know you have the nervs to wait that long. If you wanna make some quick bucks then go short once hits red zone.
AMEX:GLDShort
by sum1
XAU/USD Market Analysis and Trading Tips 29th June 2016Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its 4 hourly chart, market is trading above 100 days moving average. It is having important resistance at the level of $1330 and support level at the level of $1300. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX:XAUUSDLong
by TheBanker
Still Bullish on Gold but Protecting my Last PositionI have been long Gold since the beginning of June, having entered this current wave at 1238. I closed 1 position at 1290 and one at 1305. With 1 position left, yesterday I moved my protective stop up to 1272, just under the 38 fib retracement of this wave. Honestly, I expected the stop to be hit today as the 23 fib was breached so hitting the 38 fib is a no-brainer. But that didn't happen, or at least not yet. . And I don't love how the high today hit the midpoint of this upward channel. But I will let this final position ride until I do get stopped out.
COMEX:GC1!Long
by GoldBands
XAUUSD DAILY CHART - MAKE IT OR BREAK ITWith all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) - Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls - This creates the bull flag / pennant that was see now, which was just broken out of to the upside - By finishing this day (April 11th) above the 23% fib retracement, I believe we have invalidated any head and shoulders pattern, as the left shoulder failed to do this - This is vital, for if we drop lower from here, that is a classic Head and Shoulders pattern, which would launch us to 1180 no problem, so this is why it is a "make it or break it" time for gold ... - We are out of our 'middle tier' channel, and back into a smaller and much weaker channel - This leaves me with some concerns but the same thing applies as to the GDX; - If it can break and hold above this channel and price action of 1270, that's when we should see the confirmation of a bull market, short term at the very least Feel free to comment with questions or ideas :) Happy Trading!
FX:XAUUSDLong
by AwareBear
Is Gold on its way to 1338-1340 ?As you can see on weekly chart of gold futures GC1! It has bounced off 50% Fib level. Is it going up to 1338-1340 price point before it pauses again? Note, I used some nice tools on the chart that tradingview provides. I have added fictitious trade to show nice risk to reward if entered at current levels. This is not a recommendation or advice to trade. It is for my own analysis and records. Please click 'Like' on top if you agree with the idea. Your comments are welcome. Thank you.
COMEX:GC1!Long
by stk2fx
2
Gold Rally is great But how Far...? Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the current rally and this rally is taking place in one larger degree and not in small scale which means that the consolidation in this degree will also be in that retrospect. The rally is really powerful but do not succumb to the volatility or the movement and to find the analysis in one lesser degree with embedded video, i.e what the gold charts say in daily charts, do visit it here www.mytradingcourses.com
COMEX:GC2!Short
by DineshKrishna
1