Gold Monitoring Thread $ (USD) only

[DarkChameleon]

Trump opens his mouth, we make money....I never knew a fool could make gold.

[Zhorro]

On 07/08/2019 at 18:11, Zhorro said:

Yesterday an article appeared in which Wells Fargo thought gold was too "pricey" at... $1,425.  I wonder how much they pay their analysts to come up with this sort of insight?

https://www.kitco.com/news/2019-08-06/Gold-Is-Too-Pricey-Look-At-Platinum-and-Silver-Wells-Fargo.html

Now, "Wells Fargo sees gold at $1,500 as too expensive to buy"!  They certainly seem as if they do not want their clients to buy gold.

https://www.zerohedge.com/news/2019-08-25/wells-fargo-tries-diss-gold-fails

[CadmiumGreen]

Bank holiday be damned!

[5huggy]

On 23/08/2019 at 19:01, DarkChameleon said:

Trump opens his mouth, we make money....I never knew a fool could make gold.

The best 😉cliche

So I have a load of "FOOLS GOLD"  🤣

 

[5huggy]

FYI people - IMHO the "BULL" is really out of the pen!

SWOT Analysis: Inflows Into Gold ETFs Hit 1,000 Metric Tons

From here  - - ->>> http://news.goldseek.com/USFunds/1566835872.php

[DarkChameleon]

4 hours ago, 5huggy said:

FYI people - IMHO the "BULL" is really out of the pen!

SWOT Analysis: Inflows Into Gold ETFs Hit 1,000 Metric Tons

From here  - - ->>> http://news.goldseek.com/USFunds/1566835872.php

If Trump drops one percent off the tariffs the whole lot will come tumbling down...these are exciting times.

[DarkChameleon]

On that,note I better be going to my LCS and shovel up some more eagles and junk...they might run out before noon..lol.

[HawkHybrid]

https://www.youtube.com/watch?v=Riyj9ZwZ7Ts

 

HH

[sixgun]

On 27/08/2019 at 09:51, 5huggy said:

FYI people - IMHO the "BULL" is really out of the pen!

SWOT Analysis: Inflows Into Gold ETFs Hit 1,000 Metric Tons

From here  - - ->>> http://news.goldseek.com/USFunds/1566835872.php

1000 tonnes inflows of gold on paper - do these inflows of gold and silver actually take place? For example with SLV and GLD? Doubtful.

[Zhorro]

Gold is down today - currently $1,470.80 (i.e. well under the $1,500 level).

Is this due to quarter-end profit taking?

Or is it due to the start of China's "Golden Week National Holiday"?

https://www.zerohedge.com/commodities/gold-prices-plunge-right-cue-china-golden-week-begins

 

[RoughDog]

Whats the prediction for tomorrow folks?

Down again, bounce back or settle at current price?

If it's down again, could be a good QB purchase opportunity.

 

Edited October 13, 2019 by RoughDog

[HawkHybrid]

https://thesilverforum.com/topic/25363-my-take-on-gold-short-term-trend-graphic/

 

I'm waiting to see if the down trend will hold for

another fortnight or so.

 

HH

[silvernewbie]

Markets are rough again today so Gold up still thing short term it will fall 5-10%

[DarkChameleon]

2 hours ago, silvernewbie said:

Markets are rough again today so Gold up still thing short term it will fall 5-10%

Drop $150 OZ.....think not, think it's going to rise over $1500 again in the next week then stall at 1500 -1510 for a couple of weeks...I can see silver crossing 18 in the next two weeks.

[h103efa]

If the price today closes below trend line (<1475 ish) that forms a bearish bar on this daily chart. I might go short with a target of 1440 ish where there is support and the 150 ema. 

[HawkHybrid]

https://www.youtube.com/watch?v=EF-Ge2u9xtk

will the chart at 20:53 play out?

 

HH

[Wonger]

If anyone thinks that Gold is a bargain here at $1460, they will be amazed at sub $1000! 😀

[HawkHybrid]

https://www.youtube.com/watch?v=0F5OkkSQP_M

 

a little too early to tell but if the miners actually continue

to hold strong versus the gold price then the elliott wave

count can be considered a 1-2-(1-2...) from the dec 2015

lows.(sometimes called creating a base)

 

HH

[SilverPanFan]

Why are there no Americans in the post here?

[Abyss]

I am unsure going to see the next leg up in Gold price but technically looking like re-testing $1550 level Gold price again. Chart below from Trading View weekly Gold price in USD (free website use) https://in.tradingview.com/. Develops into the next lag my target price $1850. Easily just re-test $1550 level and then find enough resistance re-test $1400 level.

[HelpingHands]

https://www.telegraph.co.uk/news/2020/01/03/air-strike-kills-qassim-soleimani-head-irans-elite-quds-force/

Moved up on this?

[paolo]

7 hours ago, HelpingHands said:

https://www.telegraph.co.uk/news/2020/01/03/air-strike-kills-qassim-soleimani-head-irans-elite-quds-force/

Moved up on this?

Yes, but i wouldnt be happy of gold price going up on these news. 

[Frenchie]

On 20/12/2019 at 21:20, Abyss said:

I am unsure going to see the next leg up in Gold price but technically looking like re-testing $1550 level Gold price again. Chart below from Trading View weekly Gold price in USD (free website use) https://in.tradingview.com/. Develops into the next lag my target price $1850. Easily just re-test $1550 level and then find enough resistance re-test $1400 level.

 

We have had a nice breakout at the 1480 level on the 23th of december. Now, If we have a higher weekly close around the current levels (1540/1550), we could have enough momentum to break the 1560s. I don't think we will test the 1400 again now (it would be bearish) as the 1450 levels has been beaten for 1 month .

If 1560s broken, my target will be 1700/1750

32 minutes ago, paolo said:

Yes, but i wouldnt be happy of gold price going up on these news. 

This has nothing to do with events but with market sentiment...In 2014 for example, with the Ukrainian revolution and when Russia took Crimea, gold was bearish...

Edited January 3, 2020 by Frenchie

[jultorsk]

"Don't panic" is a good way of looking at it I think... 

 

[Martlet]

1 hour ago, Frenchie said:

This has nothing to do with events but with market sentiment...In 2014 for example, with the Ukrainian revolution and when Russia took Crimea, gold was bearish...

Events influence market sentiment. There is a significant difference between conflict in Crimea (no one really cared, except the Ukrainians) and the middle east.