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GOLD Bearish patter under the current TrendHere in GOLD, we have the strong resistance, Trend Resistance & the H&S pattern due to which i consider next Strong Bearish move until the 2nd last support line. All the areas are mention of buying & selling, were as the level approx @1840 is considering from where it can fall with putting small sl. In case of breakout & it fly above that strong resistance then go on follow the BUY Arrow. Both BUY & SELL are possible but focusing on SELL for now due to current situation. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
OANDA:XAUUSD
by PiPumer
1
Make or break time for GOLDSerious bear strength since August. Drive up at 9th November got seriously rejected from the previous bull channel and found the lows of the bear channel created. We have found ourselves bouncing comfortably between top and low range of bear channels however the 1764 bottom has proven a great rebound for a bull attempt. Bulls pushed past the 50% marker on the bear trend at 1850 levels and now wants to test for upper orange bands. This will be a hard one to break but if it does bulls can test the upper purple range at 1920. Rejection here is possible and would confirm a bear leg to hunt for lows or at least a lower support. Playing between the bands is necessary, trade with caution. This is not a good time to enter a trade. Wait to confirm of a break and hold above the orange band for new recent high or wait for a reject out of the recent red bull band. The red band is powerful and could well take GOLD back to new highs, but if it is broken the longer term bear channels will suck it back down. Adjust accordingly, watch smaller time frames to ump in and out between band lines for safe trades. Don't bet on break or reject, play safe between the lines. Easy pips to be caught.
FX:XAUUSD
by UnknownUnicorn705200
2
GOLD Last Moves (focusing towards bearish)Here in Gold, we have seen its keep on falling & face some fake designs. Well due to Corona Vaccine & after the US election, the GOLD has move potentially high falling towards support. So, i'm focusing towards the lower support and considering it as the gold next target to hit over there. So, for this i've clearly shown all the buy & sell levels but main idea is to focus on bearish. I HOPE THIS ANALYSIS GIVE YOU A BETTER IDEA. HOPE THE BEST FOR THE NEXT. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
OANDA:XAUUSD
by PiPumer
GOLD NEXT POSSIBLE MOVEAfter a huge accumulation in this area 1880-1920 the price has reached a very important area . I expect a rather ranged session today, unless Wall Street opens with positive Stock markets gap which will add Bearish pressure on Gold . I remain Bearish on Short-term with Stock markets chart as my main point of interest. I am sure in Selling outlook but without Medium-term opening still under lot’s of doubts, the best way to trade Gold is to wait for either breakout or breakdown. And, due to US elections we need to be extra careful in dealing with gold .Decent decline on late U.S. session yesterday as I’ve expected the Selling sequence. It was textbook Selling opening, but with the Stimulus speculations still visible on the news, Gold could be a Bull option and invalidate Technical proper trend.Daily and Weekly chart turned Bearish and keep in mind that as discussed throughout this week, the trend is Bearish most likely because the Daily chart and since Stock markets should pull back as next week approaches and counterbalances the decline on DX , keeping Gold on equilibrium until one of the two reverses. Personally, I give more probabilities to the decline from this point. Bottom line, best option at the moment is to Trade the breakout if MA50 on Daily chart breaks, Gold will be calling for #1,950.00 contact point. If however 1,889.00 breaks, I will use that as an Selling opportunity towards #1,870.00 extension. ALL THE ENTRIES SHOULD BE APPLIED IF ALL RULES OF ENTIRES ARE APPLIED DO LIKE SHARE AND COMMENT BELOW FOR ASSISTANCE
TVC:GOLDShort
by TradingSwirls
GOLD NEXT MOVE Personally - it shouldn’t be a big surprise that Gold is under strong Selling pressure (Selling swing on every local High) as DX is extending the recovery, Stock markets are near Resistance (which should be Bullish for Gold - adding Buying pressure), while Bond notes are on a Bullish gradient - all correlating assets showing Neutral values on Gold . Regarding Technical developments - I see no space for further Selling and can’t speculate until when these Swings will last - but Gold will, as always follow the cycles and main pointer of a possible Bullish leg is RSI (was near March levels) and much needed Daily chart #MA50 test. It is not wise move to engage a position before the Non-Farm Payrolls, but my analysis always takes in consideration such events and whatever the outcome will be, I placed myself on Medium-term calling for #1,930.80 extension as an Ultimate Top. Statistically, when Gold tests the Resistance #3 times and gets rejected - #4 try is usually most successful one. I expect aggressive rise towards my Target within #2 session. If #1,930.80 gets broken, my estimations show even #1,949.80. The Price-action was under Buying pressure on yesterday’s session and got higher on each Hourly 4 candle but on a slow pace which may be an indicator that the Short-term Buying is almost over/signs of exhaustion. However, I need to see the Hourly 4 #MA200 broken and close the market above it to confirm a Bullish continuation. Like I discussed yesterday with the Daily chart Neutral, I believe Gold is well Supported within #1,880.80 (my Stop-loss). Still, I won’t take risks below that zone as Friday is packed with macro-economic reports which may add the Volatility index and pause the Bullish reversal. I would suggest Traders with smaller margin to sit out today's session. Today's outlook is tricky, but consisting one final push towards #1,930.80. However, if I see a trend change, I won't hesitate to close my Buys on breakeven.
TVC:GOLD
by TradingSwirls
Newmont Corporation (NEM) Bearish DivergenceA Reaction low formed after testing the Upper Bollinger Band and the (Resistance area of 19 September 2011) ,We then seen a Test of Support (Middle of Bollinger Band) and (Previous Local Resistance), found support there and moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High from 07 November 2011) causing a reaction low to find and test a (New Low)
NYSE:NEM
by monkreet
GGI.V -- Oversold and forgotten high grade Nickel and Gold PlayGGI has hit some rough patches recently but the macro looks very favourable with lots of attention on ethical Nickel, thanks to Tesla Battery Day. The Nickel Mountain Deposit hosts some of the highest grade Nickel on the planet. The head geologist Dr. Peter Lightfoot is one of the top Nickel experts in the world with many mining textbooks to his name. Billionaire Eric Sprott holds 20% of the float. Few know this but GGI also plans on drilling their high grade Gold property Casper where they reported a discovery early this year. The stock has not seen a lot of love despite the project getting de-risked and the deposit extended. A death of the helicopter pilot near the site added to the negative sentiment. GGI is now deeply oversold with strong historical and Fibonacci support at .50. Approaching a 52 week low set during the March market crash. I like the risk/reward at current levels. I am being told that the company is setting up for a marketing push shortly.
TSXV:GGILong
by wealth_bakery
FVL.TO -- Oversold despite good drilling results; Likely bounceFVL.TO reported good but not spectacular stepout results and was the target of a short attack. Oversold on the Daily. Very good chance of a bounce. The company is cashed up and continues drilling. Has previously reported spectacular gold intercepts which set unrealistic expectations for some investors, it seems, not understanding what step outs are designed for. Billionaire Eric Sprott is heavily invested in this one. Favourable macro with Gold gaining ground in recent days.
TSX:FVLLong
by wealth_bakery
2
Gold - descending triangleHi all traders, Im currently viewing gold as a possible descending triangle. If the support is broken, we should see further downside of gold. Any break of the trend line will only signal a possibility of a range bound gold first. I wouldn't assume the break of trend line would be the bulls taking over and making higher highs. Follow me on tradingview Like and share this post with your friends **Disclaimer: all trade ideas are of my own personal views.** Cheers and thank you everyone!
TVC:GOLDShort
by FxTradingWarrior
GWM.V -- Blue skies breakout on massive gold intercept!This one is for gold bugs out there. The stock is being re-rated after today's news (below). Great management, infrastructure, fully funded through 2021. Charting it is useless as it is being re-rated but it's worth looking at companies like Great Bear Resources (GBR.V) to see where it could potentially go in the long run. Galway Metals Intersects New Wide Vein with Significant Visible Gold 320 Metres NE of GMZ's New Veining at Clarence Stream Wednesday, July 29, 2020 7:00 AM TORONTO, ON / ACCESSWIRE / July 29, 2020 / Galway Metals Inc. (TSXV:GWM) (the "Company" or "Galway") is pleased to report that hole CL20-65 contains abundant Visible Gold (VG) (see photos; assays pending) in a new massive quartz vein that is 14.4 metres (m) in core length, located 320 metres NE of a previously-reported new vein intersection of 11.4 g/t Au over 2.0m, including 43.5 g/t Au over 0.5m in hole CL20-58. The intersection in hole 58 had been discovered 75 metres north of the George Murphy Zone (GMZ) at the Clarence Stream Gold Project in SW New Brunswick (Figure 1, Figure 2, Figure 3). Numerous other intersections reported here are follow-up to the 2 new veins discovered 75 metres and 150 metres north of the George Murphy Zone (April 29, 2020 press release). Additional intersections reported here are new veins discovered north and south of the GMZ, and step-outs to known veins. The latest results are highlighted by: Hole CL-65 intersected a new massive quartz vein that is 14.4m core length from 242.1-256.5m that contains 29 visible gold (VG) splashes located 246.5-246.8m, 248.2m, 252.4-253.2m, and 255.1-255.2m downhole (photos; assays pending) starting at a vertical depth of 171m below surface. The new vein appears to be associated with a strong magnetic low and with a line of coincident soil anomalies, both located close to the interpreted location of the main structure on the property - the Sawyer Brook Fault (Figure 3). 4.3 grams per tonne (g/t) Au over 3.8 metres (m), 1.9 g/t Au over 13.15m, 1.7 g/t Au over 4.7m, and 1.0 g/t Au over 5.4m and many more intersections in at least 4 new veins at the GMZ, located north of the previous northern limit (Figure 4) 2.8 g/t Au over 8.4m, 1.3 g/t Au over 6.0m, 1.3 g/t Au over 5.2m, and 0.7 g/t Au over 5.9m and many more intersections in at least 3 new veins at the GMZ, located south of previously identified veins 4.5 g/t Au over 8.45m, 0.8 g/t Au over 21.25m, 1.6 g/t Au over 19.9m, and 1.1g/t Au over 9.8m in known veins at the GMZ (Figure 1, Figure 5, Figure 6) "Galway has made tremendous progress during the past month. The Company raised $17 million to top up its treasury to $22 million. In doing so, we more than doubled the number of institutional shareholders to approximately 30 and fully-funded our 75,000-metre, 200 hole Clarence Stream drill program through the end of 2021. We also made two new discoveries - one approximately 1.0 km SW and along strike of the Jubilee Zone, Clarence Stream's western-most known deposit by intersecting 186.5 g/t Au over 0.6m, and we made another new discovery 3.7 km to the NE with 14.4 metres of massive quartz veining hosting 29 splashes of visible gold reported here. We also bought back 2 NSR royalties, of which most payments can be made with Galway shares over a 5-year period. With 5 rigs turning, Galway is looking forward to following up to expand both new discoveries and the known deposits within and beyond the 3.7km-long mineralized system," cites Robert Hinchcliffe, President and CEO of Galway Metals. Assay Highlights CL20-60: 1.7 g/t Au over 4.7m, plus 1.0 g/t Au over 5.4m, including 2.8 g/t Au over 1.0m, plus 2.1 g/t Au over 1.05m, at vertical depths of 217m, 56m, and 28m below surface, respectively CL20-59: 4.5 g/t Au over 8.45m, including 35.3 g/t Au over 0.7m, plus 2.8 g/t Au over 8.4m, plus 1.3 g/t Au over 6.0m, plus 6.7 g/t Au over 0.8m at vertical depths of 97m, 156m, 177m, and 140m below surface, respectively CL20-57: 1.9 g/t Au over 13.15m, including 7.8 g/t Au over 1.0m and 4.4 g/t Au over 0.75m, plus 0.8 g/t Au over 21.25m, including 2.1 g/t Au over 1.0m and 2.2 g/t Au over 0.85m, plus 0.7 g/t Au over 5.05m, plus 0.7 g/t Au over 4.55m, plus 0.8 g/t Au over 3.25m at vertical depths of 164m, 6.0m, 131m, 191m and 197m below surface, respectively CL19-44A: 1.3 g/t Au over 5.15m, including 4.2 g/t Au over 0.75m, plus previously reported 6.5 g/t Au over 7.35m, including 31.9 g/t Au over 0.6m, at vertical depths of 65m and 34m below surface, respectively CL19-43: 4.3 g/t Au over 3.8m, including 8.4 g/t Au over 1.0m, at a vertical depth of 43m below surface CL19-40: 1.1 g/t Au over 9.8m, including 4.1 g/t Au over 0.85m, plus 1.2 g/t Au over 3.65m, plus 0.7 g/t Au over 5.9m, including 2.5 g/t Au over 0.75m, at vertical depths of 54m, 69m, and 135m below surface, respectively CL19-38: previously reported 0.8 g/t Au over 5.0m is now 1.6 g/t Au over 19.9m including 24.2 g/t Au over 0.5m, at a vertical depth of 214m below surface On June 24, Galway announced a different new discovery that returned 186.5 g/t Au over 0.6m, located 950m SW and along strike of the western-most intersection of the Jubilee Zone (Figure 2). That Jubilee intersection had returned 1.9 g/t Au over 43.3m (35.7m true width (TW)), including 21.2 g/t Au over 2.35m, starting at a vertical depth of 36m below surface (September 5, 2019). Another similar vein to the discovery is located 13m further downhole and returned 2.2 g/t Au over 0.7m. Galway plans on following up on this discovery in coming days. The GMZ is 730m long to date (excludes the new discovery), with multiple structures over 310m horizontal thickness (width), and with all veins open in every direction (Figure 1). The new 14.4 metre quartz vein in hole 65 appears to be associated with a strong magnetic low and with a line of coincident soil anomalies, both located close to the interpreted location of the main structure on the property - the Sawyer Brook Fault (Figure 3). It directly underlies a soil anomaly that gave a grade of 19 ppb. The anomaly is present on the next line 100m to the east that gives it a strike along the magnetic low. It also lines up nicely with another soil anomaly located a further 320m east that grades 53 ppb. The anomalies extend for another 1.6 km east beyond that. They also extend 1.0 km SW of the vein. Soil anomalies, in conjunction with glacial till and stream sediment anomalies led to the discovery of all 5 known gold deposits at Clarence Stream, and the property hosts many other as of yet untested gold anomalies. As Galway continues to make new discoveries, it is becoming apparent that Clarence Stream is an important new gold district in North America.
TSXV:GWMLong
by wealth_bakery
GOLD NEXT POSSIABILITY(HEAD & SHOULDER PATTERN)Head & shoulder & ABCD PATTERN is formed Above is free 4H chart explanation No Daily changes so far after a very Bearish E.U. session opening on usually volatile Hourly candles. We can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of March 7 - 20 sequence. Stock markets and Bond notes are on usual levels but of course it all really depends on U.S. session opening Bell on Monday. One of the most volatile Trading days was on Wednesday’s session according to the Historical Data with a 27.80 point differential on Daily chart , also seen by the wide margin (Neutral) on mostly all Hourly charts. Technical analysis could be immediately effective(60-40%) on such high volatility levels. Price-action was close to reaching the Short-term Resistance of the Higher Low much sooner than we expected as the market turned this fear into a Volatility similar to the Covid parabola early in February-March, which could be the reason of this unexplained Gold decline. As it happened then, the market psychology is similar, (both ways around) and as soon as the Stock markets recover, Gold's move will deflate and reach at least the Fibonacci retracement from yesterday’s session bottom. The Hourly 1 chart is nearly Oversold and the RSI in particular above the 3 month Support. Hourly 4 chart printed clear Head and Shoulders formation, on the other hand - MA50 was broken on yesterday's session multiple times. This just shows the continued high degree of volatility and how unstable the market (along with most asset classes) has become. As for the current situation, Gold broke the 1-Month Support and automatically should be call for 1,900.50 (which represents Monthly Low) extension but, by recent experience , we will position ourselves accordingly and continue monitoring the market. Technically, breaking above #MA50 brings 1,971.80 Resistance in motion while below it, 1,900.50 (Support). We will Trade the breakout for longterm but as you know SCALPING IS THE KEY ;) Entries should be taken only if all the rules of entries are satisfied.
TVC:GOLD
by TradingSwirls