Tag: Gold (FOREX:XAUUSDO)

The Clock Is Ticking On Gold

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Adam Hewison here and today's focus is gold (FOREX:XAUUSDO). It would appear that we are getting very close to seeing a significant reversal in the this market to the upside.

In this short video, I will be looking at a major trend line that has been in place since October 5, 2012. I will also be measuring some important 25 to 26 week cycles that are just kicking in. These cycles have been the driving force in gold over the past 12 months, so you need to pay attention to them.

Sometimes it's not obvious what drives prices and markets. It could be uncertainty or in gold's case, it could be the Ukraine, Syria, or the Dollar potentially losing its reserve status. Or, it could be something completely off the charts, no pun intended. We live in a world now where things can just show up out of the blue with no warning. Continue reading "The Clock Is Ticking On Gold" →

Is This The Move In Gold You Don't Want To Miss?

Posted on by The INO.com Team

Last week, we looked at the cyclical nature of gold prices (FOREX:XAUUSDO) and the fact that gold was potentially at a low in time. Today's upturn in prices may be the beginning of an up move that will push gold back up to the $1,380 level.

At the moment, gold seems to have very few friends and sometimes that is the best time to buy this market. After hitting a high of just over $1,900 an ounce in September of 2011, gold has slowly drifted to the downside. I believe that the $1,200 level is an important area of support for this precious metal and should not be overlooked.

You have heard me say many times before on this blog that perception in the market is everything. Right now, the perception is that gold is not going to go anywhere in a hurry. While it may turn out to be true, there are certain clues out there indicating that gold could rally $150-$200 from the most recent lows. I'm sure many of you can recall when gold was trading close to $1900 an ounce, the talk of $2,000 $2,500 was all the rage amongst the traders. Right now with gold on the defensive and people calling for the gold market to go to $1,000 or even $800 an ounce, it's just the reverse situation. Sometimes it's psychologically difficult to turn your thinking around and that's why MarketClub's Trade Triangles do so well by giving you an unbiased opinion of the market. Continue reading "Is This The Move In Gold You Don't Want To Miss?" →

What's Driving These Markets?

Posted on by The INO.com Team

Hi guys, just back from vacation in Canada, had a great time. If you ever have the opportunity to get up to see the Canadian Rockies or ride on the Rocky Mountaineer I highly recommend it. Lake Louise one of the most famous spots in the Rockies because of its natural beauty still was frozen on June 1st. We also ran into many closed roads because of the snow.

It is good to be back and while I was away and see some of the markets have reversed, and some stay strong. Looking at the markets, I see that the strong upward trends in equities are continuing, and that's something we've been following for quite some time.

It also looks like the Gold (FOREX:XAUUSDO) market is now mixed, and the same goes for the Dollar Euro market. Strong trends persist in the crude oil market and will you be following these and other trends in today's video.

So let's get started and see what's going on in the markets right now. I will analyze the markets major and minor trends and share with you what I think is going to happen next week.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

The Summer Doldrums: Are They Here Already?

Posted on by The INO.com Team

It would appear that the summer doldrums have arrived early this year as we are seeing choppy, directionless markets with no clear-cut trends at the moment. Certainly, the equity markets are taking their time to continue their uptrends, like the Dow and the S&P 500. Only the NASDAQ is in a clear downtrend according to the Trade Triangle technology.

This morning there is a new weekly Trade Triangle in Crude Oil (NYMEX:CL.N14.E), which indicates that the trend is now on the upside in this commodity. This new buy signal comes at a time when summer driving in the states will be at an all-time high for the year. The high price of crude, which is well over $100 a barrel now, could be a thorn in the side of the economy. I will be monitoring this situation very closely as oil prices affect many areas of the economy.

Gold (FOREX:XAUUSDO) continues moving sideways, but is forming an interesting technical chart picture. I will be discussing the potential technical pattern I see in today's video. Gold has resistance around $1,315.52 and support appears to be coming in at $1,280.00. Again, this is a market I am monitoring very carefully as Q2 has been a very good quarter for trading gold using MarketClub's Trade Triangles in the past.

In regard to the US Dollar vs the Euro Continue reading "The Summer Doldrums: Are They Here Already?" →

Were The New Market Highs A Bull Trap?

Posted on by The INO.com Team

On Tuesday we witnessed the S&P 500 and the DOW make new all-time highs. What is the significance of this? If you've been following my work and reading our comments then you're probably familiar with the 52-Week New Highs on Friday Rules which go like this:

Rule #1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy and go home long for the weekend.

Rule #2: Exit the long position on the opening the following Tuesday.

Rule #3: If the market opens lower on Monday, exit this position immediately.

Since making their highs on Tuesday, the DOW and S&P 500 have been steadily moving lower and are in danger of closing lower for the week. Doing so would create a "negative engulfing line." A "negative engulfing line" or "bearish engulfing line," as it is some times called, is when the market price action engulfs the previous open and high period for the preceding week or day. If this turns out to be the case for the DOW and S&P 500 and this coming week they both close lower for the week, then the odds are pretty high that a top is more than likely in place. Continue reading "Were The New Market Highs A Bull Trap?" →