Buy Gold (FOREX_XAUUSDO) Long Position on a Daily Trade Triangle @ 1,232.39
Tag: Gold
Place Your Gold Stops Here ...
GOLD ALERT: We are moving our gold stops up to $1,222.10 today basis spot gold. Spot gold is currently trading at $1,224.60. This will lock in a $12 profit on the earlier alert we showed you on this blog.
Gold and the New Technical Triad
Today's guest is Gary Wagner featured Trend TV author and founder of Wfgforex.com. Gary is going to share with us part 3 of his "Gold and the New Technical Triad" with traders blog readers. Be sure to comment with your thoughts on the gold market.
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Gold which has been trading higher the past few weeks is, I believe, is in a correction within a corrective phase. That is to say it is going against the short term trend as it moves higher. I am fundamentally extremely bullish on gold, and in fact believe that it will surpass 1265 and trade to 1300 an ounce. However, before we get there I think we will need to weather one last correction.
In this, part three of a blog I began on may 13, 2010, we've followed gold as it now enters the final portion of this corrective phase. I believe that in the proper hands, wave theory will provide genuine and relevant market insights, and in the wrong hands will enable a lot of skeptic’s added reasons to doubt this technique. For those who have are skeptical about the relevance of Elliot wave, I hope that this blog might cause you to re-examine this technique again.
The shine comes back to gold
We have had a number of folks on our blog asking us about upside targets in the gold market. Hopefully this short two minute video will answer those questions.
Our "Trade Triangle" technology flashed a buy signal on gold at $1,210.52 on August 12. Since that time the gold market has rallied some $15.
I think you'll find this video on one of the most emotional markets in the world to be right on the money.
Please feel free to add your insights on this market in the comments section
As always our videos are free to watch and there are no registration requirements.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
Dissecting MarketClub's World Cup Portfolio
Today we are going to take a look at MarketClub's World Cup Portfolio (formerly World Commodity Portfolio) that has been tracking six markets for the past three years. I think it is fair to say that the last 36 months have presented one of the most challenging trading environments in recent memory.
So how do we do it?
I put together this very short video which is only 1 minute 45 seconds long and gives you all the information that you need to decide whether or not this approach is one that could work for you. Bear in mind that the World Cup Portfolio is a leveraged portfolio unlike our "Perfect Portfolio" which is not leveraged.
The video can be viewed right here.
Please give us your thoughts and comments on our blog. I think you will find this video very informative and educational.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
