Get started

Goldfutures

GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357. Money Management I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons) It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500 To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con Then I will put 1 Contract If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
COMEX:GCJ2018Long
by SuppasitWechprasit
Dec 2017 GOLD long term monthly analysisGOLD 1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000. 2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at $1037.5 3. Monthly 7MA is pointing upward with candlestick pattern confirm 7MA as support 4. MACD is above 0 confirm potential uptrend Conclusion: as long as price hold above Dec low of 2017, price is likely continue upward, once monthly close above previous lower high at $1377.5, monthly uptrend will be confirmed. For years of invest strategies, hold some gold. Accept Tips BTC: 13vWsgZMsNsjR37HoyVpLnLTwPFYQv7HHG LTC: LTk1vhxgg7up7ouRf8WNgoFFq2VJptmCA4 DOGE: DKT6Mvqyhqn6GbkVCS8hRLoobQ7e38MMNd
COMEX:GC1!Long
by LESSISMORE
2
Gold neutral to bearishFor the last couple of months gold's been trading in a range frustating for both the longs and the shorts with no real movement in either way. Yet the bears seem to be winning this fight for now. Gold is still following it's downward channel even though it broke it's median line but didn't stay above it for long. Ideally I'd like for gold go down to about 1190 to flush out the entrenched longs maybe even reach 1130. Once the longs have been flushed sentiment will be ultra bearish that's when new long positions should be opened.
TVC:GOLD
by MedianLineAnalysis
A Virtual Long Call Option on Gold with TGDTGD came up in my Deep Value screeners as one of the highest ranked companies in the screener, so I took a look to see what they were about. Timmins Gold Corp is obviously a gold mining company, so right away I knew their success or demise was closely tied to whatever the price of gold did. Before going into the fundamentals, let's take a look at the charts. Since late January of this year, TGD has been consolidating nicely around the 0.35 - 0.42 price levels. I liked the length of the consolidation, and the overall chart seemed pretty well set up for a high run breakout if the price action dictated. Liking the chart, I headed over to check out the fundamentals of this company to see if there could be any substance to the breakout, or if the breakout would even be justified. TGD is trading at 3.77 times earnings, 0.94 times book value, and is trading 3.59 times its free cash flow. Not bad ratios, and it clearly makes this a deep value play within the gold sector. Taking a look at some of the return percentages for the company I was pleased to find that TGD had an Operating Margin of 30%, ROA of 20%, ROC of 25%, and a 21% ROI. Pretty impressive. Next, I took a look at their cash positions, because I love investing in companies with a ton of cash (RGR is a perfect example of this idea of tons of cash, no debt, and it paying off). TGD's Current Ratio is 3.01, more than enough cash to cover its debts. Taking everything into consideration, this is virtually a long call option on the price of gold without the theta (time decay). I am looking for it to break that consolidation pattern, perhaps the 0.46 price level, at which I would go long, and place my stop right below the consolidation pattern at 0.30. Once again, I want to stress that although the company appears to be solid fundamentally, they are very correlated to whatever the price of Gold does. If gold goes south, TGD will most likely follow. However, if you're long term bullish on the price of gold like I am, this could be a way to expose yourself to gold without having to invest purely in gold or gold futures. As always, critiquing and disagreements on my theses are encouraged. All the best, RC
TLong
by BrandonBeylo
violently been pull back out of the 1220 ish battle zone Trump speach before congress had a nice effect on the usd and gold react accordingly , went strait back into the 1220 battle zone the got vilently faught back out of it . I mean this kind of candle just mean reaction and the next support to the up side would be the 1240 1245 zone for completion of an nice head and shoulder pattern . If those price manage to contend price action then we can start talking about a reversal in the dollar . but it to soon for that on the other side a breach on the other side of the 1250 mark would mean a continuation of the up trend on the gold , so new target on the up side and down target on usd as usual dont hesitateto come and talk to us on our group : www.facebook.com
OANDA:XAUUSD
by jeanbaptiste.laurent.94
1
Gold - 1220 SupportWe have had 2 strong bounces off the 1220 area, with both bounces hitting above 1230. It must be noted that the level we got rejected at (1240), is the bottom of the past low we made in October. It appears that passing this level is the gateway to 1280. It will be interesting to see if gold even bothers retesting 1220 again in the next few days, rather than attempting to make new high. I will also be paying attention to grandma's speech today, and seeing if she strengthens the USD.
FX_IDC:XAUUSDLong
by GeorgeJimas
Gold DirectionAs I posted in my prior idea, I sold my gold position this morning when the DXY started to rally. I am still long-term bull with gold, however it is clear to me that this move wants to retest the 1220 area as this was significant resistance over the past few weeks. There's currently a bearish engulfing on the 1D chart, and the MACD is looking to test a break back down. Furthermore, the golden cross that we got this week, looks like it wants to retest the 100 EMA. I am currently holding a short position from 1237, and will be looking to re-enter long off a bounce from the 1210-1220 area. Gold still has bull momentum, and is still within the trend-line (both price and RSI). On top of that, the Fed isn't going to raise rates in March, so my long-term opinion on gold hasn't changed.
FX_IDC:XAUUSD
by GeorgeJimas
8
Gold - Cup and handle continuedSo it looks like my cup and handle idea played out well. We are making higher highs, and lower lows, which is very bullish for gold, yet we are having resistance at the 100 EMA. Once this is cleared, we should move up rather quickly. I believe with 99.99% certainty NFP will beat tomorrow, which will cause an initial drop in gold, but due to the fact that gold rallied after the ADP numbers, and the fact that the two reports are so closely linked, I believe this drop will be bought up before close.
FX_IDC:XAUUSDLong
by GeorgeJimas