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GLD

Gold Sets Fourth Highest Weekly CloseGold closed at $1,780.3/oz this week which is the fourth highest weekly closing price in history. The highest weekly closing price was $1,876/oz set in August 2011 and the second highest weekly close was $1,788/oz set in November of 2011. The third highest weekly close was $1,780.8/oz in October 2012 which is jut .50c above where gold closed this week. If gold holds above $1,773/oz through the end of this month then June 2020 will mark the second highest monthly closing price in history, with the all-time monthly high being set back in August 2011 at $1,831/oz. Outlook on gold remains bullish with the expectation that price makes a new all-time high this year above $1,923/oz which was set in September 2011.
COMEX:GC1!Long
by PrepForProfit
An Update on GoldI am not presently in a gold trade, but I am watching it out of interest, to see if its price falls when the markets do (as I expect them to), just as it did in February and March. My hypothesis is that the economy is attempting to deflate at the end of a very long credit cycle, and that that process was arrested by Fed intervention. What I see on the charts is a rising wedge that has a classic overthrow. It is making subsequent higher highs in price while making lower highs on the RSI. This is a continuation of the same pattern I identified a couple of weeks ago. The same setup remains in play. This does not mean that it cannot go up further from here in the short term, but it does mean that I expect it to correct, perhaps somewhat significantly, in the intermediate term. Of course, we may enter a period of significant inflation in the future, and I would expect gold to soar at that time.
TVC:GOLDShort
by CHTradingGroup
💰 Gold Gettting Close To The Highs. (GLD)💰 LET'S GET INTO SOME GOLD ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐮 Bullish - Weekly Chart - Green Engulfing Candle - 3/3 EMA DOTS Green As of now we are still bullish based off the current indicators status. We need to keep in mind though that we are reaching the top of the expanding channel Resistance levels which is now testing a Resistance level currently. Next you notice we aren't to far away from the next highs of a horizontal Resistance level from previous all time highs range of Resistance. If the old Resistance levels do hold strong eno5i do believe we will get a pullback down to the lower support of the current channel. Gold I do not look as a short term trading plan but more as a long term investment. I'd play the weekly and up on gold. I will be interested in it once we hit the highs and start to shift red on the indicators for a pullback. As of now it has had an amazing push up and congrats to you all that played gold for this time period of the uptrend after that long range of accumulation! 😁👍❤ Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
AMEX:GLD
by UnknownUnicorn2319099
Gold Heading For Second All-Time Monthly Closing HighThe highest that gold price has ever closed on a monthly basis was $1,831/oz in August of 2011. If traders can close June out above $1,773/oz this will be the second highest monthly closing price for gold on record. Gold is moving higher because trillions of dollars are being printed and gold is a store of value, used to protect wealth during times of uncertainty. It is certain that central banks will continue printing money for the foreseeable future. More money = more inflation = higher gold prices.
COMEX:GC1!Long
by PrepForProfit
5
Gold Broke...Out! Out of a triangle as expected, Gold broke out just today, having gapped up (on the futures GC1!) as well. It is an all systems go with very nice technical support from the ATIS system Buy signal upon breakout, as well as MACD crossed up and crossed over into the bullish territory. The 55EMA had been bounced off, as well as it is trending upwards too. Pattern wise, the upside is targeted to 1850 immediate resistance and eventually at 1980. See previousl posts about Gold for earlier entries.
TVC:GOLDLong
by Auguraltrader