Gold miners - laggards in a rallyGold is rallying very hard, and the GDX Gold miners ETF is lagging behind. It is only a matter of time before it catches up, and is already beginning that catch up journey. This morning, it is up 1.5% and launching off, after a higher low bounce off a support region (grey box). Technicals are supportive, as is correlation to Gold prices. The MACD crossed up after consolidation. By next week, it should be breaking out over the trendline, and upside is >15% to target.
Goldtradingsetup
Gold: Bouncing on SupportPotential bullish bounce pattern for Gold.
The buy zone is set where the two resistances cross ($1551).
Target levels are:
$1559
$1562
Stop:
$1548.7
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
GOLD LBLS Combo two Important Down LevelThis analysis is done with the help of LBLS LongBuyLongSellIndicator
The script is here that you can refer to know how this simple script works for all market
Basically LBLS indicator and two timeframe used for this analysis 1Hour and 4Hour.
Look at the inclination ,both time frame started making black candle that is the sign of Bear Trend .
What will be the settling level of Gold ,,,
As per the 1H 1509 will be the first level and as per the 4H 1500 will be settling level of Gold.
this may be coming within this week end.
Like ; Share ;Comment and provide your view .
GOLD - THE ONLY WAY IS U... down?Gold looks very bearish along with silver.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
Arrows indicate the overall trend
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Gold Trend: Uptrend Or Downtrend ?As Per Pattern Analysis On Daily Charts In TVC:GOLD there is Two Pattern Formed
1st Triangle Pattern Breakout Possible: Which Can Be Up Or Down. As Mentioned In The Chart Breakout Above $1315 Will Lead Gold Towards $1336 . One Can Buy With Stop of $1307 After Breakout
Or
Breakout Below $1303 Will Lead Further Downfall Towards $1280 One Can Short With Stop of $1314 After Breakout.
2nd Ascending Triangle Pattern Breakout: Which Will Lead To Upside In Gold
Gold Trading Setup,ShortXAUUSD, Wait for the confirmation..
In H4 chart, it breaks the rectangle, which is works as a resistance.
GOLD Weekly chart shows bearish.
Stoploss & tp are on the chart.
Disclaimer:
I am not a financial advisor. Please do your own due diligence when it comes to investing. Never put in money that you cannot afford to lose.
Massive Explosion UP; Gold Cartel Tactics playing "Ping-Pong"Looks EXACTLY like the December 2015 / January 2016 action in gold. Massive imbalance in the COMEX COT readings along with Ping-Pong price action by the Gold Cartel aka Bullion Banks / Wall Street just prior to LIFT-OFF (i.e., shaking out of all of the weak shorts and weaker longs). Getting VERY LONG Gold Futures in anticipation for a move possibly up to $1400 by year end. Gold sentiment could not be any worse. Perfect time for MASSIVE SCRAMBLE to cover shorts by trading funds.
Where will be GOLD heading ??? We will be consider to go long if only the price manage to have a clean break above the 23.6% fibo .
Another good area to go long would be at 1300 if price fail to break about 23.6% .
Technical wise , Price is still well above the 200 EMA .
Be Patient , Do not rush to take a position .
Let the price come to you .
Just sit back and relax .
Feel free to leave comment below or Feedback . Dont be shy :)
Happy trading Traders <3
Buy Gold on strong support level ( Resistance become Support )Strong resistance level become strong support level ,
if price hold this support level
daily close above 1292 ,, then this perfect level to buy for long
Buy at 1292 level and stop loss below 1275 and tp1 is 1325 and tp 2 is 1355 level .
Good luck and Trade with care
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Gold Alternate Count (Bearish Trade Setup) Elliott Wave AnalysisIn the last update I shared my view that Gold should rise up for the 5th Wave to complete the circled Wave 3 which it has.
Alternate count in Green.
However at this point it seems that either that Wave 5 is a Truncated 5th or that it is Wave B of a Flat correction.
This is all evident to the fact that the double bracketed Wave 5 looks more like a 3 leg up.
Hence short positions can be initiated below 1257 keeping stops above the current swing high of 1264.
Expect min, target 1251.82 and 1244.61 or even lower.
I will update further as this market progresses.
Gold sweet setup Friday near close or Monday at market openSo far gold has been moving nicely around in this channel. Indicators show that price might decline to the lower range at 1245 at this point either the range will break or there will be a bounce back up that will got above 1300. However we also see that in the past the price already bounced back up halfway the channel. Since the current price is also halfway the channel a daily close on Friday April 28 above 1270 will invalidate a move to the lower range and validate a new upwards wave.
How to trade
Wait till friday 5-10 minutes before market place or monday at market open to see how the daily candle of friday will/has closed.
A close above 1270: Buy gold with a target of 1300+
A close below 1270: Sell gold with a target at 1245.
Stop-loss: $8 above/under current market price