Technicals: Structure and Support Breakdown Update for Gold Prices (GLD, IAU, DZZ, GDX, UGL)
Corey Rosenbloom: One of the big headlines of today was the sharp decline and breakdown under chart-based support in Gold. Read more…
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Posts Tagged ‘gold technicals’
Gold’s Long-Term Price Picture Remains Bullish (GLD, IAU, GDX, GG, ABX, KGC, AEM, IAG, AUY)
Przemyslaw Radomski: Lately, gold has been a disappointment to many investors while it has been mostly treading water. Gold has traded well beneath its all-time high of $1,924 an ounce on September 6th and well above its subsequent low near $1,520 which took place in late December. Many anticipated higher Read more…
It’s Make or Break With Support Divergences In Silver and Gold (SLV, GLD, IAU, AGQ, ZSL, DZZ)
Corey Rosenbloom: Let’s update a key situation we’re following in the commodity markets of Gold and Silver. Read more…
Gold Remains In Consolidation (GLD, IAU, SGOL, PHYS, AGOL)
Jordan Roy-Byrne: With Gold’s failure at $1800, it should be obvious that the market is in a protracted consolidation. This is actually similar to 2006-2007 and it is something we wrote about in a missive in early January. At the time, Gold had bottomed and had the luxury of very strong support nearby. Read more…Why Gold Investors Need Be On The Sidelines While The Market Plays Out (GLD, DZZ, IAU, SPY, UUP, EWQ)
Toby Connor: It seems like most analysts, and gold (NYSEARCA:GLD) bugs are now assuming that the reversal on December 29 marked the bottom of golds D-Wave decline. It’s certainly possible that we saw a bottom two weeks ago but it’s still too early to make that assumption. Gold Read more…
What’s The Next Direction For Gold Prices? (GLD, IAU, GDX, GDXJ, DZZ, GG, ABX, AUY)
John Townsend: With overnight Sunday trading of gold futures set to begin in a matter of hours I offer this post to lay out some of the parameters of the precious metal’s current technical situation. Read more…
Why Gold and Silver Mining Stocks Are In For Much Higher Prices (GLD, SLV, GDX, GDXJ, SIL, SLW, AUY)
Przemyslaw Radomski: This may be the year that weaker member-states are booted from the euro. Will the continent fix its financial troubles or spiral out of control affecting not only the U.S. Read more…
The Single Best Buying Opportunity To Reenter The Secular Gold Bull Market Is Approaching
Toby Connor: With the move below $1535 this morning gold has confirmed that it is still moving down into a D-Wave bottom. There has been some question as to whether or not the D-Wave had bottomed in September. The penetration of that intermediate low this morning confirms that the D-Wave Read more…
Gold Technicals: Charting The Triangle Breakdown In The Gold Trade (GLD, IAU, GDX, GDXJ, DZZ, GG, ABX)
Corey Rosenbloom: Gold prices ejected downward from their Symmetrical Triangle bigger price pattern this week, resulting in a continuation breakdown move towards expected lower targets. Read more…
NYSE:DZZ, NYSE:GDX, NYSE:GDXJ, NYSE:GLD, NYSE:IAU, NYSE:SGOL
Does Gold’s Correlation With Stocks Mean That It’s No Longer A Safe Haven? (GLD, GDX, GDXJ, IAU, DZZ)
Sam Kirtley: In this article we examine the current and past relationship between gold and the S&P 500 index and whether or not gold still remains a “safe haven”. In the past gold has often had a low positive Read more…
A New Intermediate Cycle Confirmed In Gold (GLD, IAU, GDX, GDXJ, SLV)
Toby Connor: Gold (NYSEARCA:GLD) has now confirmed that an intermediate bottom was set on September 26. The double bottom at $1600 is a powerful basing pattern that should generate a test of the $2000 level by sometime in December. Read more…
Precious Metals: Is The Rally In Gold Over or Yet To Be Seen? (GLD, GDX, GDXJ, IAU, DZZ)
Przemyslaw Radomski: The news over the last few weeks, including worries about a possible major banking crisis could cripple the Eurozone economy as a whole, has sent global financial markets down heavily. Many around the world are worried that Europe is about to face a big bankruptcy or sudden default Read more…
Gold Investing: Is Gold Bound To Rebound? (GLD, GDX, IAU, GDXJ, DZZ)
Przemyslaw Radomski: Recently, investors have suffered an average market decline of 6.5% in the equity portion of their investments, the largest fall since the dark days of October 2008, with $1 trillion of paper wealth evaporating in the process. Speaking of October 2008, it was then that gold prices tumbled Read more…
Gold Technicals: More Downside Expected For Gold (GLD, IAU, GDX, DZZ, GDXJ)
Toby Connor: It’s taken much longer than I originally expected, but we now have confirmation that gold’s D-Wave decline has begun. Read more…
Gold Is Forming A Bullish Consolidation (GLD, SLV, GDX, GDXJ, SIL)
Jordan Roy-Byrne: This is an important juncture for Gold and let me say the analysts. We are starting to see some disagreement on Gold (NYSE:GLD) and that is natural after a strong surge. It is a small part of the reason why Gold is likely to soon replicate its last move. We believe the market is ready for another big move Read more…
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