Author Archives: pmontesdeoca

EARLY BIRD UPDATE ON TICKER TOCKER EVERY DAY AT 7 AM PST LIVE with Patrick MontesDeOca

 

 

Gold Special Report: A Liquidity Nightmare Is Upon Us

 

 

Summary
  • Gold appears to be sitting around $1,500, testing the floor of the past few weeks of $1,490.
  • The Fed appears to be doing potentially more than what they did in 2008 in terms of adding liquidity to the market.
  • We could be at $1,550 gold very soon.
  • We are in the middle of a breakout, putting $1,515 in the picture as a weekly target.
  • I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »

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October 1, 2019: Gold Monthly Report

 

 

Summary

The fact that the market closed at $1513, below the weekly trend momentum of $1517, means that we are coming into the week bearish.

This has activated the extreme below the mean level target of $1501.

Since the market closed above the average price of $1501, it activates the targets above the mean of $1538 to $1562.

If gold closes below the mean of $1501, it will activate a bearish trend momentum and the targets below the mean of Buy 1 (B1) of $1477 to Buy 2 (B2) of $1440.

Since the market closed above $1417, which was identified as the yearly average price for 2020, it activated targets of $1655 to $1803 for the period from September 28, 2019 to September 28, 2020.

I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »

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Gold: September Supply And Demand Objectives

 

 

Summary

The VC PMI identified the average price for September as $1502.

With the market trading above the average price at $1529.40 as of the close on Friday, it appears that we are entering this month with a bullish trend momentum.

This target for the month above the average price is $1592 (Sell 1 or S1 level) and the Sell 2 (S2) level is at $1655.

If the market moves in the other direction, the Buy 1 (B1) level is at $1439 and the Buy 2 (B2) level is $1349 for the month of September.

I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more.Get started today »

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Gold: Buy Corrections Into Into The Low 1500s

 

 

Summary

Because gold closed above the average price, the trend momentum was bullish as we came into this week.

It also tells us that if gold closes below $1,520, it would negate this bullish trend momentum, and a second close below $1,520 would activate the levels below.

Gold did close below $1,520, and we came down to the levels that we saw on the 20th into that low $1,500 level.

Gold did not quite come down to $1,493, which was the weekly signal, but it did activate the daily signals at $1,506/7.

I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more.Get started today »

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