Goldstocks
Gold Long - LTGold is looking to break the 2011 downward trend line.
If you look at the RSI, you can see that gold has been in consolidation since early 2013.
I truly believe we will break the trend this year, with fundamentals supporting this move.
We may not initially break the trend this month, however the only downside risk I see is to the 1230-1240 area (my thin line).
Goodluck.
Gold - Pick a DirectionI'm sitting on the sidelines until there's a big move in gold. This could go either way, but it would make life easier if it continued with the 2017 trend.
Gold Extremely Bearish !!As silver is bearish gold is bearish too same setup but with more volume than silver it can pick bearish volume in about 3 hours from now on so stay connected.
Good Luck Muze (xauusd).
GOLD The Bull Engine ( XAUUSD )I have been watching gold for some time. Long term trade.. Probable long as projected
3 Cups - Gold BullishThere's about a roughly, umm, 0% chance they raise rates in March.
Nice try grandma.
Agnico Eagle Mines Ltd (AEM) gold diggers running out of breathAgnico Eagle Mines Limited is active as a mining company in gold production, operating gold mines in North and South America as well as in Europe. The company, with its headquarters in Toronto, is traded on the NYSE with the acronym AEM, and has recorded significant price declines in the last 6 months. In this analysis, we explore the possibility of further falling prices.
In the daily chart shown, we see a big downward trend. Since mid-December, the prices have recovered once again, and have pushed through the MA200 line in the last few days. It now remains to be seen whether the prices can remain above the MA or whether short signals will form in the subordinate hourly chart. As long as the high at 53 USD is not clearly broken, the stock is in a downward trend.
In any case, with this stock, one should take the gold market into account. Since AEM operates gold mines, before making an entry into the stock, it is essential to consider the gold price. The price development is very similar to the chart image of our stock. When we observe the gold price more closely, it is apparent that a small upward trend has formed in the last few days. Only when this turns around, do the probabilities for our short scenario in the AEM become even higher.
GOLD LONG FROM THE SUITABLE LEVEL1224.50 has been retested so many time with both body and shadow. So bounce of expected towards 1244.00. But my target is 1236.60. then i will go for 1244. Overall bias and context telling me to stay with bulls.
If daily close stay below the 1224.50 then I will change my mind to bear but so many thinks to observe then. Happy trading. Hit a like if you agree. Otherwise not !
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.
Gold longRe-longed gold on Friday, 1W and 1D both still look very healthy for bulls.
Cross on 1W MACD, with the 5EMA looking to cross through the 50/100EMA.
We saw a big bounce off 1220 on Friday which served as strong support and reassures me of my long position.
NOVAGOLD looking attractive longtermWith Gold looking longterm bullish, I think gold stocks are going to do really well. I think this is a good stock which may offer near 100% return from its 3rd wave extension. A play past 5.25 seems like a serious possibility.
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.
Gold looking to test 1250Today we got further confirmation of a golden-cross with gold, and even though we had a slight hiccup intra-day spurred by a USD bond sale, we closed above 1240 and made new highs for this run.
TNX is struggling to maintain above water, and it's RSI has been trending down since it's run up in November. We could potentially see a death cross as it's 5EMA makes it's way through it's 50EMA. Once it breaks trend I'm expecting a waterfall here, and the MACD is supporting this notion.
I'm not going to change my mind on my bullishness of gold as long as these technical factors remain in place. I will sell as soon as the climate changes, which may not be for a little while.
DXY's Effects on GoldSo it looks like we got a golden-cross on XAUUSD over the past few days, however the DXY did not give us the death-cross it was headed towards.
XAUUSD is looking to bull, however today's strength in the DXY halted it's run through 1240. I will be paying close attention to the DXY / XAUUSD relationship over the next few days to see if XAUUSD can continue it's strength, even with DXY bouncing a bit (MACD crossed, RSI pointing up).
This XAUUSD run still looks very promising, however I'm not a stubborn investor. I do not set a TP as things change so often that you must reevaluate the situation routinely, and the TP you set a month back may no longer reflect the current atmosphere of what you're trading. So although I am still holding all of my longs, and believe in XAUUSD long-term, I will not sit through a correction.
Furthermore, do not confuse weakness in the JPY and EUR as strength in the USD. Given the current state of the EUR and JPY, the DXY would be at 110 range if the USD was actually strong.
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.
B2GOLDI have started accumulating my medium-term position in this stock once it broke the down-trend started in August of 2016.
I am looking to add on a dip over the next few days (which there should be one), however I am playing this from a more aggressive standpoint. If you're a more passive investor, wait for a clean break and close above the key $4 level which has proven to be resistance for a year now.
The USD version of this stock is BTG.
Cup and handle - GoldI'm still in this gold long, and thankfully was able to add to my position got ABX and SSRI on the way down last week.
Small sell-offs like last week are very common during a baby bull, people tend to get nervous when they see some selling, which adds fuel to these sell offs. The best advice I can give is to review your charts, and trust in your analysis, whether you're bull or bear.
ABX Bull ChannelLook for strong resistance at the $25.40 area, with retesting the bottom of the channel.
This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).
