Gold's Next Move Is Coming (Technical Analysis)

seekingalpha11-06

Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481305106?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/94984105/image_94984105.jpg","is_english":true,"pubTime":"2024-11-06 03:26","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2481305106","market":"us","top_or_hot":-1,"title":"Gold's Next Move Is Coming (Technical Analysis)","media":"seekingalpha","content":"<div>\n<p>Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally....</p>\n\n<a href=\"https://seekingalpha.com/article/4733372-golds-next-move-is-coming-technical-analysis\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold's Next Move Is Coming (Technical Analysis)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold's Next Move Is Coming (Technical Analysis)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 03:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4733372-golds-next-move-is-coming-technical-analysis><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally....</p>\n\n<a href=\"https://seekingalpha.com/article/4733372-golds-next-move-is-coming-technical-analysis\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLDM","symbol_name":"SPDR Gold MiniShares Trust","start_time":0,"source_url":"https://seekingalpha.com/article/4733372-golds-next-move-is-coming-technical-analysis","article_id":"2481305106","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/94984105/image_94984105.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481305106","pubTimestamp":1730834760,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally.Jud","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLDM":"SPDR Gold MiniShares Trust","BK4570":"地缘局势概念股","BAR":"GraniteShares Gold Trust","AAAU":"Goldman Sachs Physical Gold ETF","BK4585":"ETF&股票定投概念","OUNZ":"Merk黄金信托ETV","SGOL":"abrdn Physical Gold Shares ETF","IAUM":"iShares Gold Trust Micro","BK4588":"碎股","GLD":"SPDR黄金ETF","BK4535":"淡马锡持仓","IAU":"黄金信托ETF(iShares)","BK4550":"红杉资本持仓","BK4504":"桥水持仓"},"translate_title":"黄金下一步走势来袭（技术分析）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAAU":0.9,"BAR":0.9,"GLD":0.9,"GLDM":0.9,"IAU":0.9,"IAUM":0.9,"OUNZ":0.9,"SGOL":0.9},"content_text":"Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally.Judging from how regular and frequent the peaks and valleys have become, with each move from one extreme to the other lasting only about three weeks, it seems like the next rally will begin.   mathieukor  By Brien Lundin  Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session. Since then, the price has traded sideways as investors contemplate the potential outcome of the U.S. presidential election, with results expected tomorrow evening...or at some point over the weeks to come. The two-month chart below places Thursday's correction into perspective:    As you can see, Thursday’s big sell-off wasn’t anything out of the ordinary. We’ve had a number of such price smashes since this gold bull market began in mid-February. In fact, what’s really remarkable is how regularly they have come...and how the rebounds have been just as consistent. The key to understanding this is an important discovery I made in mid-summer: not only how remarkably consistent gold’s ebbs and flows have been, but also how accurately the width of its Bollinger bands has indicated the next move upward. Bollinger bands are a measure of volatility, and generally speaking, a narrowing of the bands often presages a price breakout, usually in the direction of the previous trend. If you’ve been following my analyses since early July, you know how I’ve used the bottoms in gold’s Bollinger bands to predict the beginnings of each new price rally. You’ve also become familiar with my chart showing pinpointing each bottom in the bandwidth. I’ve updated that chart below, marking not just the lows in the bandwidths but also the peaks.    In this chart, the green vertical lines mark the bandwidth lows, while the red lines mark the highs. As you can see, while the high points faithfully show the price peaks and thereby predict the coming pause or correction, the relative height of those turning points varied in the early months of this bull market. They’ve been more consistent since mid-summer, however, and recently formed a peak that indicated an oncoming correction. In other words, this indicator predicted an imminent pause in gold’s big rally, as I noted in the November issue of Gold Newsletter issued just last week. That pause began with the big price decline on Thursday, just as we were putting the final touches on that Gold Newsletter issue. Look closely at the chart above, and you can see that the bandwidth in the bottom panel is just beginning to roll over. The pattern will take a bit of time to complete and reach the bottom. Judging from how regular and frequent the peaks and valleys have become, with each move from one extreme to the other lasting only about three weeks, it seems like the next rally will begin. Original Post  Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"analysis","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481305106"}