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Longgold

GDX - Strong Buy - Crossing 10WeekMAGDX buy signal on Daily. About to cross 10WeekMA for strong bullish continuation. Anytime 10Week is crossed we see bullish confirmation (weeks). Trend turned bullish on Filter Dots. Gaps to fill above in the $30's imply over 30% gains from current price. Not sure if we get this high, but bullish trend just starting today/tomorrow. SPY looking to go down soon. VIXY looking to go up. Only makes sense that GDX becomes risk on (as confirmed by the moving average proximity to current price). Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
AMEX:GDXLong
by MoneyPatterns
6
GOLD SHORT IDEA down to $1445 then $1380.The gold market was rebounding really well off the $1445 support structure and did manage to break above $1475 just for a bit. However that is where the hard selling came out and price failed. So based on the structure we can see that the gold market is confirming bearish, the next of the target is in $1445 after making a lower high. There could be a move even lower through to $1430 and ultimately $1380. The Federal Reserve is going less dovish which means a strong US Dollar and weaker gold prices into the end of the year. The rotations at the top of the resistance point at $1475 proved strong especially with the extended wicks that failed at the area. The volume on the move lower was strong.
COMEX:GC1!Short
by TRADEPROAcademy
Gold - great upside potential?XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest. Trade is Long Gold cmp (1387) Stop Loss: 1353 TP: 1528 One should never risk more than 4% of his/her account. Thread carefully, Nick
OANDA:XAUUSDLong
by NickBlack
2