1. I predicted on December 4th for my partners that Gold could pullback to the 1040 to 1070 US ranges, with a mimimum of 1070 likely. So far the Gold pivot lows have been to 1074, bounced up, re-traced to 1090, ran to 1145, re-traced to 1090 again. I got the partners in my service [...]
I thought this chart may be of interest to some of you as it shows two perfect textbook plays on the 4hr gold futures trading chart. As you can see the first pattern is a reverse head & shoulders pattern. This is bullish and a breakout above the neckline would signal a buy point. Now [...]
Attention all MarketClub Members: A Weekly “Trade Triangle” flashed a sell signal on long positions and entry signal on short positions in spot gold this morning at $1,086.00. The market is currently trading at $1,086.00. Please use money management stops and be aware of the risks involved. If you are not a MarketClub Member click [...]
Gold Stocks and the Dollar The HUI (Gold Stock Index) has been on fire the past 10 months. Both gold and gold stocks have been leading the market higher. But the past month we have seen gold stocks under perform the SP500 and as of today are testing a key support level. Only time will [...]
The gold trading chart below shows two different types of trends. The initial timeframe of the chart illustrates what I call a Normal Trend. This is a series of higher highs and lows. This type of trend allows an investment to continue profitably for a very long period of time. For example a daily chart [...]
I posted this chart Monday afternoon to members as a short educational piece and to give warning to those where were currently in short term long positions. This chart clearly shows that when the short term trend is up and we get a black candle (Pop & Drop) the odds tell us that we should [...]
These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades. Gold makes a record high, then pulls back. Silver is inching towards an all-time high level and platinum is making people rethink their decision to go with a white gold wedding band. Where do you stand in [...]
Gold closed sharply lower on Tuesday due to profit taking as it consolidates some of the rally off December’s low. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral hinting that the corrective rally off December’s low might have or [...]
The gold futures chart allows for us to trade prices around the clock 23 hours a day. A lot of important price patterns are analyzed from the over night trading hours which helps to provide low risk and high probability setups for the GLD gold fund. This hour chart shows about 3 times more trading [...]
February gold was sharply higher overnight due to a weaker Dollar and higher energy prices. Stochastics and the RSI are becoming overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December’s low, the reaction high crossing at 1170.20 is the next upside target. [...]