by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Sample of GoldTrends Updates And Trade Recommendations

07 Dec 2017 2:15 PM | Bill Downey (Administrator)
Launch GoldTrends.net    



A Signal Trade has occurred on GoldTrends.Net


With the NFP report on Friday (tomorrow) and gold just remaining weak, I decided to have another look at the situation.

Let's look at a weekly chart

Here we see the potential to trade down the black dotted downtrend line near 1238.



From a fibonacci standpoint we show that the 61.8% level has been broken.  Often prices will move to the 78.6% area.  It just so happens that price area is 1237.90 



While it is still possible for gold to bottom near 1247,  my stop is right near the 78% retracement. 

With NFP and FED FOMC meeting next week,  I still can't eliminate even 1204 and 1222.

The 1237 area is only 15 bucks away and that can be child's play during NFP.  

I'm going to cancel my current order and  replace my buy to 1238.80 spot.  Silver stays the same for now.

NEW ORDER BELOW --- REPLACES OLD  

==================================================
GOLD CURRENT WEBSITE TRADE
==================================================
Buy 1 Contract gold 1238.80 spot

Stop loss 1231.80  -- risk $7 dollars per ounce

No target yet

YTD = Gain $ 141.50 per ounce
==================================================
SILVER CURRENT WEBSITE TRADE
==================================================
Buy 1 silver contract 15.35 spot

Stop loss 14.79 

No target yet

YTD = Gain $4.73 per ounce


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Disclaimer
The analyst intends to portray his thoughts and ideas on the subject which may be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations. Do your own diligence. This is not a recommendation for you to buy or sell any commodity or stock. The analyst is merely listing one of the trades for his own account and what you do with that information is entirely up to you.  The analyst lists his trades as soon as possible but due to his style there are times he has bought or sold a position based on the PATTERNS that have been presented at the moment.  On those occasions, be aware that you will receive information of a buy or sell point that analyst has ALREADY TAKEN FOR HIS OWN ACCOUNT. While that is not the intention, we want to make sure you know that it does happen. We are not brokers---we are traders. We DO provide trade orders we have PLACED as soon as we decide, but due to style there will be times we have already entered or exited and we make you aware of that in each update.



Technical Analysis :: Gold & Silver

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