Gold (AUD) daily- Uptrend from early still intact.Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
GLD
Renko showing clearer higher highs and higher lows on 15minwatch 4hr and day charts for moves to 1730-1767
Gold moves for Quad Witching Day (Gold Spot)Watch for moves outside the Fib ranges!
Add to your Buy & Hold plans...
GLD upside pitchforkWait for the low below the Kumo Cloud (Ichimoku) then buy for later today.
Highs Monday
GL!
#buythedip
GLD to follow a XAUUSD breakout The GLD will follow a strong XAUUSD move up or a small retrace down if levels break.
GOLD is behind where it should be given the amount of treasury money circulated
Watch after hours for a move in London on Spot
Then a GLD move in NYSE
Gold Update: Wave 5 up could be extended to hit 1921-1965The wave (4) has been completed as per the plan (see related).
The wave (5) could be extended and of the same size as wave (3) and it can hit the all-time high and even higher level of 1965.
GLD potential Bullish Breakout Working on Medium Time Frame GLD moving towards 175 for a potential breakout. Looking for breakout in GLD once the resistance zone 163–165 is broken.
GLD breaking out soon!For those in Singapore, on the Straits Times Index, O87 aka GLD is just about to break out of the triangle, having broken out of the MACD trendline, and into the bullish territory at the same time (yesterday).
This is a bullish indication, which needs a price break out of the triangle with committed volume to follow.
We will know as it turns into July...
Targets are 172, and up to 188 possibly in mid-August.
Gold coiling to break out; aiming for to 2100Gold is coiling to breakout, having showed, of late, strength in holding up despite some selling pressure. Previously coiled, faked out and fallen back into a continued coil, it is running out of space, as the triangle/pennant comes to the end of the tip, as well as the 55EMA coming upwards in support.
MACD has just crossed up into the bullish territory, and now what is needed is momentum with volume support to break out, through the circle drawn.
This move is suggested to be a little more explosive, so let’s see...
Gold (AUD) since 2007- Secular bull market.Gold (AUD) has been in a secular bull market since the early 2000s
Four easily identified formations (last 3-4 years each). The current formation still has a way to go to be 3-4 years old.
Ascendening Broadening wedges, Falling wedge, Up channel, Slight ascendening broadening wedge or Up channel (current formation).
Bearish on Africa Gold minerWhy the Bearish on Gold miner?
Africa is shut Down for 14 days!, all mining activity shutdown!
Most Africa based miners are DOWN!!
Pending follow up with more EURO shutdowns.
sooo?
SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD!
EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar.
But guess what? GOld will crash if we have a flash crash anyways!!!
that means, we will win, if market crashes hardcore, and we would win if market continues to rally up and cancels recession fear.
Win WIN
AU- Short Shares
IDEAL on Short entry - $24.50
Buy to cover $16.23
buy to cover Trailing stop $4
Gold - To $1750 an Ounce?Gold - Who doesn't love gold? Well it's going to cost you. Gold going to 1750 unless breaks trend line? Entries at trend line with tight stops increases your risk to reward ratio. Do you have the GOLD Finger to take over the world? Haaa Haaa Haaa Haa!!!!
Market Hyenas - Everyone Eats!!
Long Put IAU May 15 '20 $14 Put @ $0.15Volatile market. GLD too expensive, high premium. IAU excellent alternative.
Shorting Gold for IAU $140 Strike at $0.15. GLD/Futures approximately high 140's.
Gold Long Position Update 19:32:31 (UTC) Wed Jun 10, 2020Gold Long Position Update 19:32:31 (UTC) Wed Jun 10, 2020
Gold broken out for next leg rallyGold, as it appears, has broken out. System Buy signal should be along shortly,
Fundamentally, on the back of a topping equity market, and the Fed statement that QE infinity and low rates will be around until 2023, it probably triggered some Gold buying.
Technically, after bouncing off the 55EMA, Gold apparently broke out of the triangle, and MACD crossed up in support. Look for the MACD (signal) to crossover above 0, and further price upward movement with momentum and volume (commitment).
Immediate upside target over next two weeks is 1850, with a higher upside target of 1970 by mid-August.
Note the previous ideas posted about Gold, as the breakout develops. A good learning journey...
Gold (GBP) daily- Up Channel, within Upchannel. Gold (GBP) daily- Up Channel, within Upchannel.
Futher deatils about Up and Down channels:
thepatternsite.com
Gold (USD) daily- Rectangular top within a Right-angled broaden'Gold (USD) daily- Rectangular top within a Right-angled broadening formation.
Rectangular tops (are Horizontal Channels entered from the bottom)- Have a 63% probability of eventual upward breakout. Further details:
thepatternsite.com
Riaght-angled and Broadening Formations- Have a 54% probability of eventual upward breakout. Overall, a poor chart formation performer for both upward or downward breakouts. Futher details:
thepatternsite.com
