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Posts Tagged ‘Gold Technical Analysis’

Stock Market Technical Analysis Blog

Posted by pugsma on June 29, 2020

Hello and Welcome to PUG Stock Market Analysis. 

This stock market technical analysis blog has been live since October 2009 (over 10 years), providing unbiased stock market technical analysis of the SP-500, Gold and more that ignores the white noise of news and politics.  During that time there have been over 4000 blog posts made with over 10,000 charts on the markets and nearly 15 million page views.

PUG (Steve) has an engineering background and uses a disciplined scientific approach to analyzing the markets.  We have built a wonderful group of member subscribers who complement PUG’s technical analysis charts and commentary.  Subscribers interact with PUG and each other in the subscriber comment section.  Subscribers to the premium service are individual investors/traders, professional money managers, and hedge fund managers.

If you are seriously interested in the PUG SMA Services, then why not try a FREE TRIALIf you are a new subscriber, E-mail (pug.sma.llc@gmail.com) PUG to get started with your FREE TRIAL.   You will need to provide your full name and an valid e-mail to get started with the free trial.   The free trial will last until the end of the month from which it began.  Conversion to paid service is optional upon completion of the free trial.  Notes: 1) Only one free trial will be provided per new subscriber during a 12 month period and 2) past paid subscribers are not eligible for a free trial.

What is the PUG SMA Premium ServiceBuy Now

The Premium Service uses Elliott Wave Theory, channel analysis, Fibonacci extension/retracement, momentum oscillators and chart pattern recognition to help forecast market directional moves in the SP-500, other indexes, various stocks and commodities.  Based on PUG’s own charts, trend lines and price movement projections, PUG will provide technical analysis updates.

  • Focused on the SP-500 Forecast using charting and technical analysis.
  • Additional price forecast for various indexes, stocks, bonds and commodities  (examples: QQQ – Nasdaq, IWM – Russell-200, Treasury Bonds – TLT, Gold – GLD, etc.) using charting and technical analysis.  Which additional charts are chosen is entirely up to PUG’s discretion based on significant price movement changes of importance.
  • Website daily updates with password protected premium content (Note: updates are for days in which USA markets are open).
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  • New for 2020:  Occasional video chart updates with commentary.

Below is an example of the Premium Service Short-Term (ST) 15-min chart work for the SP-500:

pug-spx-15-min-chart-12-30-16-to-1-6-17 

Below is an example of the Premium Service Short-Term (ST) 60-min chart work for the QQQ:

pug-qqq-60-min-chart-12-30-16-to-1-6-17

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Protected: June 23rd, 2020: GLD Chart Update

Posted by pugsma on June 23, 2020

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May 7th, 2020: GLD Weekly Chart

Posted by pugsma on May 7, 2020

Continuing to keep an open mind on the Gold (GLD) forecast over the next 2 to 3 years.

For several years now, I’ve been looking for Gold  (GLD) to put in a Cycle B (CB) top in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100) for the Cycle C (CC) low near $800 (GLD $80).  This the primary (red) wave count on the charts.  GLD needs to remain below the recent 164.42 high to keep the primary (red) count valid.

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly chart) maybe far too strong to reverse.  In fact I can see a potential bullish pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).  The potential bullish Cup and Handle (C&H) pattern could take Gold to $2300 (GLD $230).  In this case Gold (GLD) reached a Cycle 4 (C4) low near $1000 (GLD $100) and is headed higher to $2280 (GLD $228) for the Cycle 5 (C5) wave.  This is the alternate (blue) count.  The alternate (blue) count makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

GLD Weekly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 5 Comments »

April 24th, 2020: Gold (GLD) Chart Update

Posted by pugsma on April 24, 2020

It’s time to keep an open mind on the Gold (GLD) forecast over the next 2 to 3 years.

For several years now, I’ve been looking for Gold  (GLD) to put in a Cycle B (CB) top in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100) for the Cycle C (CC) low near $800 (GLD $80).  This the primary (red) wave count on the charts.

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly chart) maybe far too strong to reverse.  In fact I can see a potential bullish pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).  The potential bullish Cup and Handle (C&H) pattern could take Gold to $2300 (GLD $230).  In this case Gold (GLD) reached a Cycle 4 (C4) low near $1000 (GLD $100) and is headed higher to $2280 (GLD $228) for the Cycle 5 (C5) wave.  This is the alternate (blue) count.  The alternate (blue) count makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

GLD Weekly Chart:

Gold Technical Analysis

GLD Monthly Chart:

Gold Technical Analysis

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April 23rd, 2020: GOLD Historical View and Possible Alternate Path

Posted by pugsma on April 23, 2020

For several years now, I’ve been looking for Gold  (GLD) to top out in this $1600 to $1700 area (GLD $160 to $170) and head to new lows below $1000 (GLD below $100).

However, now that Gold prices are here at $1750, it looks like the upward momentum (see MACD on GLD Monthly charrt) is far too strong to reverse.   In fact I can see a pattern on both the historical Gold chart and the monthly GLD chart that takes Gold above $2000 (GLD above $200).

This makes some sense with all the unexpected US Federal Reverse stimulus ($6 to $10 Trillion) coming in to the markets over the next year or two.

Gold Historical Chart:

Gold Technical Analysis

GLD Monthly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: | 4 Comments »

April 17th, 2020: GLD Chart Update

Posted by pugsma on April 17, 2020

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 5 Comments »

April 13th, 2020: GLD Chart Update

Posted by pugsma on April 13, 2020

The PY-CB wave has made another push higher that 159.37 to the PY=1.62PW target of 161.15.

Also the large IHS on the weekly chart with head at 100.23 and neckline at 131.15 has a target at 162.07.   GLD hit 162.38 today.

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 9 Comments »

April 1st, 2020: GLD Chart Update

Posted by pugsma on April 1, 2020

GLD Daily Chart:

SP500 Techical Analysis

GLD Weekly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 5 Comments »

March 27th, 2020: GLD Chart Update

Posted by pugsma on March 27, 2020

GLD has retraced to 155.66 just below the 88% Fib of 156.58 for major [2]-P1-CC.  The next move should be a major [3] wave to a target area of 123.50 pivot, where [3]=1.38[1].    The 23% Fib for major [4] is at the 130.5 pivot and then there should be a final major [5] wave down to 119.83 to complete P1-CC.

GLD Daily Chart (EOD 3-26-20):

Gold Technical Analyhsis

GLD Weekly Chart (EOD 3-26-20):

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 3 Comments »

March 17th, 2020: GLD Chart Update

Posted by pugsma on March 17, 2020

11:55 am EST:  GLD looks to have topped the Primary Y (PY) of Cycle B (CB) wave at 159.37, just above the weekly IHS target of 158.81 and the daily chart bull flag target at 157.45.

The Cycle C (CC) wave should be underway with a CC=CA target of 73.75.

The Primary 1 (P1) wave should target the 123.50 pivot area.  Within P1 the major [1] wave looks to have completed at 136.12.   The major [2] wave should target the 50% Fib at 147.75.

GLD Daily Chart:

Gold Technical Analysis

GLD Weekly Chart:

Gold Technical Analysis

Posted in GLD, Premium | Tagged: , | 12 Comments »