Gold Currently Trading Lower, But For How Long?Gold is moving down on the premise that the US is the only central bank on the planet that is going to tighten its monetary policy. Keep in mind that this is a very thinly traded market in August, so although the path of least resistance is currently down. Things can change on a dime.
Goldstocks
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.
GOLD USD RATIOIT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much.
Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
TGV.V Buy before the crowdNews on 30 july will maybe be huge either in a really good way OR really bad,
The stock might be halted 1 day prior the decisive date
Gold Ready to Start Big Bull Trend towards 1900 and 2500I am analyzing this monthly chart with the help of 20 EMA. As far as gold close monthly candle above 20 ema.. bullish trend will remain intact and gold will continue to jump upside..
Bears tried 4 times but gold closed all last 4 monthly candles above 20 ema. To me its a very bullish sign and now we have breakout of last high after Brexit.
There will be consolidation as gold has approached towards Monthly Resistance Trendline but overall picture is very bullish. Next milestone will be 1430/1435. If it remains under 1430/1435 then consolidation will remain in place between 1200 and 1435 But weekly and monthly candle close above 1430/1435 will open new doors towards 1550 and towards 1800 and 1900.
This week is very important for gold especially Monday!!! I will be watching for retracements as it will clear long term picture..
For now gold holds bullish setup on daily chart.. lets see how it rolls for short term but monthly chart is depicting breakout upside soon.
To turn gold bearish... Monthly Candle needs to close below 20 ema!!! Above bulls will keep rocking.
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.
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Gold Miners Trying to Hold it up! $GDX$GDX Looks to me like it is going through a 2 and half week to 3 week consolation cycle before continuing its rally, that started with a breakout and subsequent bull market end of January, start of February. (Which was right about when I got into trading more seriously.) I am unsure of which way to go here. This Brexit thing has been an incredible learning curve for me on my travels. But also rather hard to place any trades. In-fact, I have only been able to place minor scalps (not my strategy, I tend not to do this. Again, learning curve.) on FX markets and a couple of futures lost me some profit.
I like Gold stocks for obvious reasons, (economy, safe havens. etc.) So the miners index is an interesting one.
I would wager the long side long term. Short term? It needs a bit of a reality check before we see further upside. I expect other markets to retrace from their losses soon but not for long. So Gold will (maybe!?) continue it's uptrend for the rest of 2016. I am strapping in for a bumpy one.