Gold: Hangover with a cure in sightThe gold market seems to still feel the aftereffects of its New Year’s Eve party in its bones. After a period of rise into the blue area between $1816 and $1865, we primarily expect the price to lose steam and fall below the support lines at $1753, $1721 and $1673. Alternatively, the celebratory mood could last, so that the gold price could reach even higher goals with arrival at the resistance line at $1879. This possibility features a probability of 35%.
All in all, the gold market stays true to our primary scenario and enforces further descent. The price should then reach and even break through $1753.
Goldstocks
Manappuram - Long Term Bullish Channel MANAPPURAM in upwards channel. Expect it to run within this channel. I also see another trendline within the channel marked in blue lines. Though Manappuram sold off recently due to bad results, long term trend is bullish , as gold prices will shoot up high in 2022 due to Inflation across the world and currency devaluation. If it breaks out above the channel, expect a major blast in upwards, target 350-400 in 12-18 months.
AFRICAN GOLD - H4 - Nov 2021African Gold Group Closes Oversubscribed C$5 Million Private Placement
ursuant to the Offering, the Company issued 36,744,285 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.14 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until November 7, 2023. If at any time after March 8, 2022, the common shares of the Company trade at $0.50 per common share or higher (on a volume weighted adjusted basis) for a period of 10 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
STRIKEPOINT GOLD INC. Swing Trade PositionSUMMARY
Technical Analysis: I am long the stock because I see price action has completed a corrective ABC pattern on the daily Chart. From here price action could develop a bullish counter trend.
Fundamentals: The company has commenced drilling at their High-grade Willoughby property. The Company is cashed up and IF! they hit bigly then share price pushes higher.
I do not share in your gains nor in your losses. Do your own due diligence. Trade safe, be well.
Visit their webpage and look through their corporate presentation - www.strikepointgold.com
Descending Channel for GBR?It appears as though GBR is displaying some bearish indicators coinciding with a price decline into a descending channel.
The Williams Alligator is showing a bearish cross and the bands widening pointing to the downside showing bearish strength.
Gold 700+ Pips In ProfitGood day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as the markets realized this, gold will go much higher. If you profited off this signal from me, be sure to like, comment and share your thoughts below. We do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Gold Getttng Stronger
You cannot eat Gold, you cannot drink Gold, but you can buy Gold, you can wear gold, you can show off gold, and give to your kids when u die, that's why Gold is here...
i just like to post about Gold Market sometimes because it's slow and boring, normaly when economy goes down, Gold goes up. We are in that perfect case of "Safe Heaven".
Trading parts is interesting :
- So as you can see Gold Reached 2100ish got rejected and pushed back down around 1700ish
- Gold TA is different than cryptos cuz of old market and some Pro Traders instutionals playing with big money, the pull back was exactly 38.2 Fibo Retracement ( or 61.8 it's same ).
- Gold is cloturing May with a strong green candle.
- Next Month Candle will be very interesting to look at, if we get one more month of Green it could confirm a strong bullish market and eventually a break down in Economy.
- if the timeline is respected we could see Gold Reach 2300-2500$ before the end of 2022.
i will post some older Gold Analyses following this chart. Feel free to comment!
Happy Tr4Ding !
Gold in Range & Cup ConsolidationCurrently trading in a range and choppy in the current demand zone. Active sequence engaged since mid April when the 9ema crossed the 21ema and has been support. NO clear direction until 1750 is broken or 1820 is cleared for further direction. Other than 9ema and 21ema being short term support. RSI making higher lows and climbing.
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
Descending Channel for QC Copper & Gold?It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious.
On the KST there's been a bearish cross where I have placed the red downward pointing finger.
The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern.
The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent.
This chart is done on a log scale, I will link another chart done differently.
If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
GOLD Will it stay below 1800.00 levelGOLD
After reaching the 2021 high around 1960.00 a bearish engulfing pattern has triggered further selling of gold and its reached almost 1820.00 level And managed to thrust above the 1850.00 level and since starting of the January its felled and traded in a confined range from 1803.00 to 1870.00.
The stimulus talks in USA is another reason for the 2020 year end bullish run and after that the improvement in stimulus talks were faded slowly and USD has gained some strength in January month.
The price got rejected around 1840.00 which is a 0.618 Fibonacci level and the point of control is around in that level. From the volume profile we can see the selling positions has increased at this level. In lower timeframe it shows clear bearish sign and reached around 1800.00 and even breaks the 1800.00 level since Dec 2020
The lower side target would be 1764.00 which is a December(2020) low
SG.C - Deeply oversold gold explorer in prolific Nevada districtSG is oversold but finding support at .18 with MACD curling for a potential bullish cross. Trading at significant discount to recently closed .22 financing. Gap at .36. Highly prospective properties in the world's top mining jurisdiction.
"The Millennium Gold property consists of three State mineral leases and 72 BLM claims totaling 3,408 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces of bonanza-grade gold has been discovered and where Equinox's Castle Mountain open pit gold mine is located."
GOLD NEXT POSSIBILITYAfter being bearish for almost two weeks, Gold is now heading towards its next immediate resistance at 1741-1745. Despite being very strong resistance, gold looking to breakout towards 1770 after completing its downwards trend.
All the entries shall be taken only if all the rules are applied.
Detailed review will be provided soon.