Gold (GC) Forming Green Weekly Doji After 6 Red Weekly Candles

GC (Gold) Technical Analysis

Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspirin…

Silver (SI) Readying to Catch Up to Gold (GC)’s Performance

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…se should be clear. Refer to Stockcharts.com and view the 10 year monthly $GOLD and $SILVER charts with MACD, Slow Stochastics and RSI as well. Viewing a long-term chart of the ratio of the gold price to silver’s will also illustrate how the ratio is fairly high in its historical range, suggesting that we could see a change in relative performance between these two in the mid-term. I was early on calling for a halt to the S&P500 (ES CME Sep14) and…

Gold (GC) Readying for Breakout of 1 Year Consolidation?

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…chart on the main homepage slider image, posted in July, you can see that gold is my number 3 pick to go long for the second half of 2014. With GC being a levered product, I’m obviously not saying to just buy and hold GC from here. In the next few months, I’ll be profiling gold periodically every time it appears to be making interim bottoms or when it breaks out of a consolidation period as it has in the last few days. It is currently a bit overe…

Gold (GC) Consolidating Near 4 Month Downchannel Resistance

GC (Gold) Technical Analysis

Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspirin…

Gold (GC) Continues Consolidating Above Daily Chart Downtrend Resistance

SI (Silver) Technical Analysis

Please Register/Login to view Today’s Top 10 Trades. Each day, the top 10 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspir…

Commodity Laggards Silver (SI), Gold (GC) Bottoming

Cotton (Wkly/Dly/4hr/Hrly) Charts

Although I feel silver (CME SI Dec14) and gold (CME GC Dec14) are bottoming, I haven’t profiled their charts in today’s list as I still feel their trade setups offer slightly less favourable risk:reward versus my trade ideas presented below. As usual, I try listing as many tradable setups (which I consider trading during the day or week) that I can squeeze into one tweet. See my Stocktwits.com profile for a list of my tweets and you’ll see the li…

Expect Volatility on EURCHF/Gold/Silver Following Swiss Referendum

Euro Weekly Chart

Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly As the Euro index chart hasn’t refreshed since yesterday due to the US Thanksgiving holiday, the following notes for the Euro index are unchanged from yesterday’s. Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks of consolidation. The Euro index is just a whisker away from a weekly MACD positive cros…

Gold (GC)’s Clears Downchannel Resistance on Weekly Chart

Yen Weekly Chart

…y the weekly MACD green line flattening, and the daily MACD in rally mode. Gold (CME GC Feb15) Weekly/Daily/4hr/Hourly GC is solidly above a downchannel resistance line (on the weekly chart), largely offsetting any risk of revisiting downchannel support. Increasing upside momentum is reflected by a rising weekly, daily and 4hr RSI, Stochastics and MACD. GC is just above the December high, and appears to want to target the 1250 Oct high next. The c…

Gold (GC), Silver (SI) Weekly/Daily/4hr Charts Bullishly Align

Gold (Wkly/Dly/4hr/Hrly) Charts

Gold (CME GC Dec14) Weekly/Daily/4hr/Hourly GC has made a nice bounce this week off of downchannel support (as seen in the daily chart) and is now at the same channel’s resistance. On the weekly chart, you can also see GC having successfully bounced off of major support from its Dec/Jan lows. Bullishly, the weekly, daily and 4hr RSI, Stochastics and MACD all slope higher. Silver (CME SI Dec14) Weekly/Daily/4hr/Hourly SI, like GC, has bounced off…

Silver (SI), Gold (GC) Bouncing Off 50% Fib Retrace of 2 Wk Dec Rally

Cotton (Wkly/Dly/4hr/Hrly) Charts

…the longer term bulls, the weekly MACD is beginning a positive crossover. Gold (CME GC Feb15) Weekly/Daily/4hr/Hourly GC saw a bit of downwards pressure yesterday, and like SI, appears to have bounced off near the 50% Fibonacci retrace of the rally from the first two weeks of December. On the daily chart, GC is trying to find support at the upchannel bottom. The 4hr chart shows GC just bouncing off a shorter term downward channel support line, pu…