GLD
Gold is approaching breakout zoneGold is slowly, and surely, starting its move towards its breakout zone.
MACD is supportive, 55EMA is bullish... waiting for breakout confirmation.
A triangle pattern, pennant, breakout is expected for a target of 2000.
Watch for it.
$GLD Approaches Another Bull Trend BreakoutGLD will likely be in focus this week as chaos erupts in the US and the money printing from the Fed continues unabated and holds the safety net in place.
The range under construction over the past two months appears to hold a bullish trend continuation posture.
Gold update: Extended consolidation in wave 4 - down then up Gold got stuck in an extended consolidation of wave 4, which shapes double three WXY.
The completion of the last wave Y down is expected at the low of wave W around $1658.
Then the last wave 5 , that was widely expected long ago could kick off finally.
The target area is highlighted with a blue box between 1805 and 1921.
Gold coiling for breakout to 2000Gold futures indicate that it is near a triangle/pennant breakout, targeting 2000 by July.
MACD is supportive as it just crossed up.
Supported by a recent gap up range.
Watch for it...
GOLD Breakout & Launching to 2000Gold just broke out of a triangle and retested, then started breaking out again for the proper leg to 2000, bypassing 1800 very soon.
This is early break out and MACD to confirm later, especially when a new recent high is achieved.
Bitcoin Priced in Gold, ready to Break up.I didn't realize how technical this spread is. Bitcoin looks like its ready to break up and get back into the long term rising channel.
Gold (AUD) daily chart-Symmetrical triangl's,Ascend/Fallin'WedgeGold (AUD) daily. Symmetrical, ascending, fallin' wedges. However, bullish uptrend intact.
With unprecedented Unlimited Fed QE , expect a big rally in Gold and Silver over the next 3 years (as occurred after the great Fed QE from 2008-11).
GLD / GOLD SHORTCortos en ORO a mediano plazo y largos a largo plazo. Terminando B de medio plazo, comenzando C de mediano plazo. En espera de comenzar dre nuevo su ruta alcista.
GOLD will break ATH (▲▲▲)🔥 DELTA7 Trend Score: ▲▲▲
💡 Quick Analysis:
M onthly ▲ - Monthly still showing on-going momentum. Pullback likely to be a reaccumulation
3 M onthly: ▲ - Solid widespread trending candle. Next 6months there a good chance retrace for stop hunt on the open of that level.
6 M onthly: ▲ - Price currently above yearly/semeter open which is a resistance range.
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Word of appreciation to all people following finding bits of my content useful in shaping their own thinking. I appreciate the words. 🙏
Improving your thought process is 10x more useful than just following signals or trade-setups. That is generally my main goal, impact the mind.
Be aware, following trade setups that become extremely popular are more likely get smart-money and whales working against you.
Keep this in mind that nothing is ever static in the market. Likewise, pattern setups or other type of set-in-stone setup will cause you drawdowns and getting stopped more often than not.
The key is adapt with the flow and be opportunistic as the market evolve and pay attention to higher timeframes, always.
The hindsight clout game on successful trades is irrelevant. All that matters is your own PnL. How you manage risk, money and your emotions.
If you are just following other's setups its is just a question of time until you lose all your money over time. Yes, its going to happen.
In these videos seek to capture strategic thinking not tactical setups or counter trade popular ideas just for the shake of counter trading.
"The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel
Everything is supply, demand, fear and greed. That is it!
Supply and demand is what dictate scarcity and the different push/pull forces in the market and smart money, market makers and other liquidity providers will use "Fear and Greed" as a tool/framework to drive emotional reaction from retail and other players prone to these traps.
Best! 👊✌️
D7R
Gold 100% Potential - Cup and HandleThe cup and handle is a fairly reliable trading pattern, especially when we see it continue here on the long term time frames. Gold has been building this position for quite some time.
For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold scarce assets. In a world where supply can be stimulated simply through printing, how do we retain some type of reality in the markets. They physical assets here will maintain a value sentiment as dollars are increasingly printed. They will inflate the prices of all the other asset classes, or at least, that is my current conjecture, Keep a close eye on your GLD trades here, or do as I do and ....
ALWAYS KEEP INVESTING!
$GLD / $SLV Resistance Now Support - Bullish for $Gold$GLD / $SLV Resistance Now Support - Bullish for $Gold
Point of Control Supports Gold Futures$GC_F: the Point of Control since 3/23 (which was the bottom for $ES_F) has been a key pivot for five weeks. As long as it holds, the bulls are in charge. Swing lows as $1,680 provide secondary support. Fundamentals remain massively bullish.
Risk-Off Would Equal a Big Bounce for Gold/Silver RatioWhile we have a $50 target for silver by the end of 2021, we fully expect it to get smacked in risk-off environments given its importance to industrial activity. When investors are optimistic, silver trades like copper; when they're scared, it trades more like gold. It's had a great run here and while we fully expect to see the ratio get back below 80 in time, gold should outperform silver in the very short term.
