Author Archives: pmontesdeoca

Gold: Weekly Bullish Sentiment Targets The 1,465-1,450 Area As Major Buying Opportunity For 2019

 

 

Summary

Gold went up today to a high of $1,477.50 and that satisfied the criteria to go short the market according to the VC PMI.

The gold market appears to be entering a bearish trend momentum, activating the targets of $1,463 to $1,454.

Let’s see if we get the target of $1,465 on the short trade from 1,488, with our stop at $1,487.

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Gold: Time To Load Up The Boat Again

 

 

Summary

Because the gold market is trading below $1,467, it activated a bearish trend momentum.

Wait for the market to come down to the Buy 1 or Buy 2 levels of $1,464 or $1,462.

The VC PMI also tells us that if the price closes above $1,468 using the 15-minute bar it negates this bearish momentum.

A second close above $1,468 will activate the levels above; the daily target of $1,478 and the weekly target of $,1477.

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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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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