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Goldminers

What to do if your long position in gold is trapped? Hello everyone, today gold continued to fall after breaking through the support level of 1841, and there is currently no sign of a rebound. The key focus now is on the resistance around 1842. If it cannot be broken, the gold price will further decline to around 1830-1833. Currently, there may be many friends holding long positions in gold. Don't worry, first add to your long position near 1837 and take profits around 1842 when it rebounds. After taking profits, observe whether 1842 can be broken. If it can, then continue to hold onto your long position from earlier. If it encounters resistance and falls, you can choose to short gold and take profits around 1833. Thank you for your attention and support. I will continue to track changes in the market. If you have any questions, please leave a comment and I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!
FX:XAUUSD
by triumphing
Gold: Trading like this today can be profitable Hello everyone, on the 30-minute chart, gold is currently oscillating in the range of 1845-1851. The MACD indicator is temporarily in a golden cross formation, but its performance is relatively weak, and there are already signs of a death cross forming. This indicates an impending correction. On the 1-hour chart, the MACD is about to form a golden cross. If this happens, it means that there will be a large bullish candlestick coming up. However, on the 2-hour and 3-hour charts, the consolidation phase is not yet over, so it is highly likely that gold will continue to oscillate today, with a range between 1842-1857. Our trading strategy for today will revolve around this range. Thank you for your attention and support. I will continue to track market changes. If you have any questions, please leave a comment, and I will provide you with the most reliable solutions in the most sincere and responsible manner to help you solve your problems!
FOREXCOM:XAUUSD
by triumphing
1
The adjustment of gold is already in place, and today the bulls The world is already dirty, so there is nothing to be afraid of. Everyone has bitterness that cannot be vented, and depression that cannot be resolved, but who of us living here is not doing our best, or even living by unscrupulous means. The gold bulls did not continue their gains yesterday, indicating that the current upward movement is mainly based on shocks, and there are many repetitions on the way. Today, the bulls may return again. For gold operation, it is recommended to buy at 1842.50, risk control at 1838.50, and target 1851~1856. Gold is bullish for several reasons: 1. Gold failed to continue to break through as expected yesterday, but the bullish trend has not changed, and it will try to counterattack again today. 2. According to my analysis, the rebound of Wave 2 B continues again. At present, we can see the pressure of 38.2% of the golden section and the suppression of the high level of the previous platform. 3. The pressure within the day is 1855~1858, and the support is 1843~1839. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
FOREXCOM:XAUUSDLong
by Crazylambboy
Gold: Forecast and Trading Strategy for Next Week In the world of trading, the players control the game, the observers understand the game, and the participants play the game within the game. What goes up high enough will eventually fall deep enough, and what falls deep enough will eventually rise high enough. This is an eternal logic in financial markets, where the core lies in volatility that creates value and opportunities. Investors and speculators participate only when there is volatility. The financial market itself does not generate profit, but the speculative price difference of buying low and selling high can produce profit. It is nothing more than buying when someone else sells, or selling when someone else buys. Therefore, to avoid being eliminated, one must understand the game, and to understand the game, one must abide by the market rules. Looking at the daily chart of gold, the downward wave has ended and the rebound phase has begun. Next week's pressure is concentrated in the daily Bollinger upper band at 1875 and the 1870 moving average area! Moreover, on Friday, the market directly broke through the pressure of 1850, so the trend next week will continue to be bullish. After rising above 1870, consider going short! There are two possible trends for the next market. The first is to continue the strong upward trend, directly breaking through the pressure of 1875 and testing the previous high position. The second is to maintain the oscillation within the large range of 1870-1800! Looking at the weekly chart, the bullish trend is slightly stronger, but a big oscillation is inevitable after rising to around 1875! In short, the strategy for next week is to go long first, adjust the mindset according to the trend after the pressure position, and follow my rhythm to continue making profits!
FXOPEN:XAUUSDLong
by triumphing
3
Gold: Long position, target 1870-1875 Hello everyone, on the hourly chart, gold has formed a double bottom structure and forcefully broke through the previous moving average resistance and the consolidation resistance at 1850. There is no doubt that gold has turned into a bullish trend! Therefore, the only trading strategy is to go long! The target is 1870-1875, which is where the upper band of the Bollinger band is located on the daily chart and has a certain resistance, so the target is set at 1870-1875 for now. The entry points are 1850, 1845, and 1840 respectively. This large range belongs to the support range and is more suitable as a buying point. I will continue to track the gold market and update my trading strategy. Thank you for your attention and support. If you have any questions, please leave a comment and I will provide you with the most sincere and responsible solutions. Wish you success!
FXOPEN:XAUUSDLong
by triumphing
New gold layout with a profit of $100!!!From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%. At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data. Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data. If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone. I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
FXOPEN:XAUUSDLong
by triumphing
As the storm hits, can gold go all the way up?Over the next two weeks, there will be many data releases that could significantly impact the price of gold. It is important to be prepared before the storm hits and to seize opportunities as they arise. A strategic approach is necessary, avoiding confusion. The market will be focusing on Federal Reserve Chairman Powell's testimony before the US Senate, along with the release of the US employment report (March 10) and inflation report (March 14). The challenge of a higher-than-expected inflation figure will be increasingly difficult to tackle, and this reaction effect is crucial for the gold market. With big data on the way, are you prepared? If you don't have time to keep an eye on the market, click the rocket button. Let's go together for next week's chance.
OANDA:XAUUSDLong
by StarVenus-
keeping up is counting moneySuccess will not come to your door automatically, and happiness will not come to a person automatically. All the good things in this world need to be actively fought for. As long as you are sure of your abilities, why not recommend yourself? $$$$$$$$$$$$$$$ Today's strategy is to hold onto 1830 and continue, choosing appropriate entry points for long positions. Due to variations in individual entry points, specific operations will differ accordingly. For any unclear areas, please follow the message board and targeted advice will be given. Sincere wishes for all to profit. Technical Analysis: With oscillating momentum, we wait for a breakthrough! Therefore, today's operations are relatively straightforward! If there is a small retracement above the support level of 1830 in the morning, we can directly enter a long position! Breaking yesterday's high point will further rise to the 1850 resistance zone, with the short-term resistance above still unable to break through despite repeated testing last week! This zone is still our short-term target for bullish long positions and a range of oscillating resistance that we need to pay attention to! Once broken, we can further rise to the 1880 line! The market is constantly changing, so we must keep up with flexible judgment and respond in a timely manner. Keep sufficient patience in the elliptical oscillation zone. Keeping up with the rhythm is counting money, look at the recent strategy and graphics, and you will know how accurate my prediction is! Seize the opportunity and make money is as simple as that
FXOPEN:XAUUSDLong
by StarVenus-
2
Gold 1830 is more direct, the US market is bullish The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend Do it when the trend comes, don't go against it Gold is more than 1830, stop loss 1822, target 1845-1850 I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more OANDA:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
Gold is under short-term pressure and may usher in a wave of adj Gold continued to rise yesterday, and it is now approaching the high point area of the previous platform. If it cannot break through quickly here, it will fall into the consolidation stage again in the short term. Therefore, today we mainly look at the trend of shocks and pullbacks from high levels. For gold operation, it is recommended to sell at 1840, risk control at 1844, and the target is 1830~1825. If it does not rebound, it will fall directly to around 1829, and do a long short-term. Gold sees adjustments for several reasons: 1. Gold has entered the pressure zone formed by the golden section of the previous high point, and there may be a downward trend if it is under pressure. 2. The intraday pressure is 1844~1847, and the support is 1830~1825. My friends are welcome to discuss in depth and leave your valuable suggestions. I will give my analysis and suggestions every day. COMEX:GC1!
FOREXCOM:XAUUSDLong
by Crazylambboy
Assets are worth 2x the market cap (holds 46.7M shares of NFG)PALI market cap is $125M. Holds 46.7M shares of NFG, currently worth $230M + other assets. ----------------------------------------------------------------------------------------------- PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M VANCOUVER, BC, March 1, 2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") today announced that New Found Gold Corp. ("New Found"), a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has announced the discovery of Iceberg, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
TSXV:PALILong
by wealth_bakery
GDX Technical Support Outlined...Here we are looking at GDX on the Daily TF… This analysis will be fairly brief, as the chart is crystal clear as of right now. Here you can see that GDX has retraced since its most recent uptrend which began in November of 2022. Currently, I am expect GDX to bounce off of the strong technical support as marked by the horizontal line (yellow). This outlined support line hasn’t been re-tested since its break out from it (as previous resistance) which led to its run up as previously mentioned. Now, we can expect GDX to attempt to bounce from this line, and turn this previous resistance into newfound support. 
It’s as simple as that… Let me know what you think BTC is going to do next in the comments! Cheers!!
AMEX:GDXLong
by GarethSolowayOfficial
10
Strong assays; Falling Wedge breakout; bullish GoldEndurance Reports Results at Southeast Eagle - 139.9m of 3.05gpt Au including 12.9m of 12.85gpt Au & 11.8m of 6.21gpt Au Vancouver, British Columbia--(Newsfile Corp. - January 12, 2023) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to report assay results from the 2022 diamond drilling program at its Reliance Gold Property (the "Property") in southern British Columbia. The road accessible property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold. During the 2022 field season, the Company completed thirty-eight (38) diamond drill holes for 8,274 metres ("m") and thirty-three (33) reverse-circulation drill holes for 2,455 m.
TSXV:EDGLong
by wealth_bakery
GDX coiling againIt has been a while since it would be even worth to look into GDX, and I think it is about time... still early, but good to plan ahead and see if it is working out as projected. GDX (Gold miners) mounted a good recovery but stalled on a trend line and retracement is likely to see 27, else 25. The technical indicators (MACD and VolDiv) are turning bullish, but not just ripe yet. Expecting a higher low about 25-27 (red ellipse is the optimistic target; also the 62% retracement level) in early to mid January 2023. Bouncing off the 23-week EMA would be a good indicator that the projection is in line. So... being optimistic for a comeback, but until the pullback is apparent, sitting on my hands first. Happy Boxing Day!
AMEX:GDX
by Auguraltrader
Barrick Gold - a Steal at This LevelSome years ago, I was in between putting a big position on in SLV or GOLD (formerly ABX) at the $17 level. Both were equally priced. Barrick far outpaced SLV into the forthcoming rally and I regretted not buying it at $17. At $14 - 15 this week, I opened a long position. One thing I read and liked is that future Barrick dividends will include participatory profits. I hope the "profit sharing" concept (also in PXD) catches on. GOLD will rise as dividends increase.
NYSE:GOLDLong
by AssetDesign
GDX - Going Down Xtrenuously (pun intended)The gold miners ETF, GDX, just points to a very very rough time. With the interest rates escalating rapidly, the USD rising swiftly, the equity markets weakening, and gold prices crumbling... it is a perfect storm for GDX thrashing. The weekly chart had a tombstone doji the previous week as it failed the Hull EHMA, and the past week confirmed the trend reversal down. The weekly technical indicators are weak and bearish looking so not much to go on here. The daily chart shows a recent breakdown from a failed 55EMA test. and on Friday, ended with a bearish marubozu, closing near the weekly low. The technical indicators are significantly suggestive... the MACD had actually wasted a long bullish divergence and failed to mount a very decent rally. This failure would have a doubling opposing effect, and the daily MACD has actually crossed down into the bear territory. Taken together, projections set a downside target of 17, about the end of November 2022. A very tough time for GDX (unless you are short)
AMEX:GDXShort
by Auguraltrader
Newmont: 2x potential outlier basing @2009 channel+ Cup NeckNewmont gold miner, after more than doubled from a 2016 Cup & Handle formation, came back down to retest the neckline at around 40. As you can see in the chart, it reached the top of the 2009 channel near 85 on April 2022 & went vertically down to retest the channel base near 40, with the usual chopping near the mid channel dotted blue line. Very bullish cases: target levels are 50 (previous strong support), 60 (projected ma200 zone) & 70 (projected channel median line) It has been basing for 7 weeks holding 40 Basing around the 2009 lower channel Retested successfully 2016 Cup & Handle neck@40 Slight Rsi divergence Macd holding above zero Made higher high & higher low About to cross daily dma50 to regain channel WARNING: with GDX & GDXJ gold miners looking very bearish at this point, I MAY BE WRONG! So watch carefully the 40 zone as it is the line in the sand. Not trading advice
NYSE:NEMLong
by xtremerider8