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Gold currently at a major resistance zone. 10 year, weekly chart $GC_F

By | Gold Futures | No Comments

Gold bugs have had to wait 6 years to get to a very critical resistance zone of 1488.8 – 1561.8. In my opinion, 1561.8 is the key level for gold to take another shot at 1900 and possibly higher. One factor you must keep in mind is that gold has had many, many reasons to “run” in the last several years, and didn’t. The old standard of gold being a “safe haven” seemed to have fallen by the wayside.

Let’s start with the original post (screen shot) I made in 2013. Take note of the posted support level of 1044.5 that comes from February, 2010. The low was put in at 1045.4, during November, 2015.

Click image to enlarge & open in a new window

2013 post

2013 post (screen capture)

 

 

 

 

 

 

Now, let’s look at the original chart that was posted on December 8, 2013.

Click chart to enlarge & open in a new window

Gold 2013

Gold 2013

 

 

 

 

 

 

Now to the current chart. For three and one half years gold has traded sideways in roughly a $150 range. It began the current move upward in May/June of 2019 and has been able to get through the first resistance level of 1488.8, albeit only one weekly candle.

One thing you should take from this current chart is just how powerful, and accurate, correctly drawn Fibonacci levels are.

Click chart to enlarge & open in a new window

Gold 10 year, weekly chart

Gold 10 year, weekly chart

 

 

 

 

 

 

At this point, the best way to have an idea of what gold will do here is to drill down to a daily chart, with a secondary Fibonacci drawing, to gauge the reaction at support and resistance levels.

Thanks for reading,

Dave

Upcoming retirement

By | Traders Education | No Comments

Hi everyone,

I’m officially taking early retirement this June 24th.  I plan to continue to post charts on Stocktwits and Twitter as time allows.

I will continue to take new students on a 1 – 1 basis. There will be a slight increase in the price of tutoring new students. Anyone that signs up before or on June 24, 2018 will get the current price of $299 for 5 days of tutoring.

After June 24th, tutoring will be much more personalized and hours will be more flexible. The new price will be $349 for the Study Guide and me waking you thru all the aspects of my method.

I have taught my method to nearly 500 students in the past several years.  I still get emails from students, years later, who are still trading my method successfully !

I want to thank all my students, members and followers for your support !

Sincerely ,

Dave aka The Fib Doctor

Earnings for 4/26/2018

By | Traders Education | No Comments
Symbol Company News Date
confirmed
Quarter/
Period ending
Market
time
Non-GAAP
consensus est
Non-GAAP
actual
GAAP
actual
RHT Red Hat Inc Yes Q4 02/2018 After $0.809
PAYX Paychex Inc Yes Q3 02/2018 Before $0.648
HTCXF HTC Corp Yes Q1 03/2018 Not Specified $1.07
EBR Centrais Eletricas Brasileiras SA Yes Q4 03/2018 Not Specified
EBR.B Centrais Eletricas Brasileiras SA Class B Yes Q4 03/2018 Not Specified
PUMP Propetro Holding Corp Yes Q1 03/2018 After $0.425
ELP Companhia Paranaense de Energia No Q4 12/2017 After $0.186
CIFS China Internet Nationwide Financial Services Inc. No Q4 03/2018 After
HMI Huami Corporation Yes Q4 03/2018 Before
MDGEF Medigene AG No Q4 12/2017 Not Specified -$0.8456
JASO JA Solar Holdings Co Ltd Yes Q1 03/2018 Before $0.208
BRQS Borqs Technologies, Inc. No Q4 03/2018 After
SPWH Sportsmans Warehouse Holdings Inc No Q4 01/2018 After $0.266
SWKH SWK Holdings Corp. No Q4 03/2018 After
TMQ Trilogy Metals Inc Yes Q1 02/2018 Not Specified -$0.02
DXF Dunxin Financial Holdings Limited No Q3 03/2018 Before
CNIT China Information Technology, Inc. No Q4 03/2018 Before
GRWG GrowGeneration Corp. No Q4 03/2018 Not Specified
AAME Atlantic American Corp. No Q4 03/2018 During
NTIP Network-1 Technologies, Inc. No Q4 03/2018 After
SPHS Sophiris Bio Inc Yes Q1 03/2018 After -$0.13
CNAB United Cannabis Corp. No Q4 03/2018 During
CLDC China Lending Corporation No Q4 03/2018 After
IGXT Intelgenx Technologies Corp No Q4 12/2017 After -$0.005
SLTK Solis Tek Inc. No Q4 03/2018 After
PIH 1347 Property Insurance Holdings, Inc. Yes Q4 03/2018 After
CLSN Celsion Corp No Q4 12/2017 Before -$0.305
CBAK CBAK Energy Technology Inc No Q4 03/2018 After
TPIV TapImmune Inc. No Q4 03/2018 After
JTPY JetPay Corp No Q4 12/2017 Not Specified -$0.17
EBIO Eleven Biotherapeutics Inc No Q4 12/2017 Before -$0.17
SELF Global Self Storage, Inc. No Q4 03/2018 After
OHAI OHA Investment Corporation Yes Q4 03/2018 After
REED Reed’s Inc No Q4 12/2017 After -$0.12
SLS SELLAS Life Sciences Group, Inc. No Q4 03/2018 After
ABAC Renmin Tianli Group, Inc. No Q4 03/2018 After
CREX Creative Realities, Inc. Yes Q4 03/2018 Before
HUSA Houston American Energy Corp. No Q4 03/2018 Before
AMS American Shared Hospital Services Yes Q4 03/2018 Before
ELTK Eltek Ltd. No Q4 03/2018 Before
ARGS Argos Therapeutics Inc No Q4 12/2017 After -$1.40
MNGA MagneGas Corp No Q4 12/2017 Before -$1.16

12/14/2017 Morning Fibs and Calendar $ES_F $NQ_F $YM_F $CL_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group

Good morning everybody 🙂

The beginning $ES_F $NQ_F $YM_F & $CL_F Fibonacci levels today are:

Click charts to enlarge.

Today’s Economic Calendar:


Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

12/13/2017 Morning Fibs and Calendar $ES_F $NQ_F $YM_F $CL_F

By | Morning Market News | No Comments

Keep in mind these are the first Fibonacci draws of the day & will change throughout the day. These first draws are intended to get you started with the correct starting point in the morning. Draws are updated all day in our live trading group

Good morning everybody 🙂

The beginning $ES_F $NQ_F $YM_F & $CL_F Fibonacci levels today are:

Click charts to enlarge

Today’s Economic Calendar:


Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.