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Goldstocks

Is Gold Just Beginning A Super Bull Market?I didn't realize I could only edit ideas for 15 minutes after publishing. Still learning my way around here. This is the revised chart/notes. Since the December bottom, Gold has closed positive for 16 days continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY -- another indicator of a bull market. The real question is will Gold finally break through the downward trend line that began in 2012? This has been the chastity belt that has held Gold back from giving us its oh-so shiny forbidden fruits. I believe this will be the year it breaks that trend and pushes into the 2nd half of 2017 much stronger than it started. One thing is for certain though: Gold WILL test that trend-line again this year, possibly very soon. That you can count on.
FX_IDC:XAUUSDLong
by risk1911
1
Is Gold Just Beginning a Super Bull Market?Gold closed positive for the first 16 days in January continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY by about $100 -- another indicator of a bull market. The real question is will Gold finally break through the downward trend line that began in 2012? This has been the chastity belt that has held Gold back from giving us its oh-so shiny forbidden fruits. I believe this will be the year Gold breaks that trend and pushes into the 2nd half of 2017 stronger than it has in the past 5 years.
FX_IDC:XAUUSDLong
by risk1911
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
Starting in 2017 and GoldAs long as price is above 1165 saw an increase in the volatility of demand and move towards resistanc targets are as follows; Range of resistance: In this way the resistance of 1171-1172, 1174, 1177-1179, 1181, 1187-1188, 1193 and 1197-1199 are facing any of the mentioned resistance levels could prevent prices from rising further. * The failure or refusal to consider defeat ceiling of resistance 1174-1187 ! When Price below 1187 : prices will fluctuate in the range of 1188-1187 to 1162-1165 and the objectives 1162-1165, 1171-1172, 1174, 1177-1179, 1181, 1187-1188 will fluctuate. If Price High 1187 : It should also be noted that in case of failure and facing resistance above the 1187 price towards other objectives mentioned in the analysis (1188, 1193 and 1197-1199) will be on the move. #Ehram.Shahmohamadi
FX:XAUUSD
by Shahmohamadi
Still biased to the long side(GOLD)GLD held the broken trendline and the $110 level. The price action at these levels does not jump off the screen at me, meaning it looks shaky IMO. I would not be surprised if we revisit $100. I still believe the long-term R/R is to the upside from these levels. I will be looking to buy dips b/w 100-110. I would stop out under 100. Let's breakdown the R/R. I am willing to risk up to $12 to the downside. I like the upside to be 3x my risk. My initial upside target is $147.75-(3*12)+111.75. In trading you are looking for positive expected value propositions. To get this you take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. It is an imperfect measure, but it allows you to frame your trades on a consistent basis so you can compare what the best available trades are at a given moment. Any comments or question, please leave below, look forward to hearing your opinions. Caleb
AMEX:GLDLong
by CalebDismuke
Stepping back - 2017 gold tradeI have been long miners since November 14th, and am currently only down a few percent. I am by no means a scalper, so keep that in mind when you view this idea. There is a strong bull RSI divergence on the 1W chart, as illustrated above. (the divergence from the 1D chart is still there, however I am taking a step back with this idea). I think we have almost bottomed out on the MACD. This tiny interest rate raise means virtually nothing. You don't raise interest rates only 0.25% if you believe the U.S economy is healthy. We're currently sitting at a lower interest rate level then when they were dropped to 1% after 911 (a huge crises). I'm calling bs on the 3 rate rises during fiscal 2017. I believe we will see a strong rally at the beginning of January, and this will only continue when the Fed does not raise rates during 2017. We will see 1400-1500 in the first half of 2017.
FX:XAUUSDLong
by GeorgeJimas