26 thoughts on “ALERT: Daily Trade Triangle Buy Signal For Spot Gold”

  2. Hi Adam,

    I've just signed up fro your lessons about successful trading.

    I got your email about not allowing emotion to rule your trading.
    I see this as the way that most traders shoot themselves in the foot
    and loose alot of money. They stay in too long, they hope and pray,
    they allow fear to drive their decisions, they get too attached to an
    idea about what they believe will happen.

    We also don't realize how self limiting beliefs that we inherited from our
    family and society run as programs in our subconscious and they can
    lead us to sabotage ourselves.

    95% of our thoughts are subconscious and only 5% are concious so
    if you want to win consciously but subconsciously you have beliefs that
    go against it. Guess what will win out.

    For example if you got the idea that rich people are greedy, you're
    not about to want actually get rich. You'll sabotage it.

    This is only one of many beliefs that make lead us to loose when we
    consciously want to win.

    I specialize in a process that helps the person watching the trades
    to clear their emotions so that they can make a clear headed choice.
    The process is simple and is amazingly effective. It's called EFT.

    Heres' to being a winning trader!
    Shulamit

  3. I have been puzzled since watching your video on USD/Gold/SP500 directions - in which you forcast USD falling, gold price rising and SP500 falling. I can see that USD and Gold price move in opposite directions, but so do the USD and SP500. If SP500 is to fall, the USD must rebound and rise. So gold price must fall when SP500 falls. If you forecast that gold price will rise further, then SP500 will also rise further and is not yet due for a major correction. If SP500 falls in the near future, then gold price should fall in tandem. What do you think?

    1. Ye,

      Thanks for your comment.

      As the dollar continues to lose value in the world market I think that gold will remain firm. The longer term trend is clearly positive for the metal while the trend for equities is not.

      We still have an upside target of $1,200 for gold.

      All the best,
      Adam

  4. Alden,

    Not sure what you were trading but I recommend that you call our support desk at 1-800-538-7424 and they will step you through our Triangle filter system.

    All the best,
    Adam

  5. Re comment from Dennis. I hear ya! My buy on pullback numbers, from Adam, were for $1024 - $1030. Not that I was eager to engage, one does have to keep in mind that this is not an exact science. I felt it would be a struggle for gold, after historical highs and retesting to find some legs. Surprisingly, since crude has surged. It is a strange contango! I do agree with Adam about room to the upside.

  6. Too many flaws with your trading triangles, why I cancelled my membership a long time ago...

    But we'll see how this 1065 call works out.

    Why only bullish comments on your site? I doubt I'm the only unhappy one out there....

  7. Hi,

    Though I like the video's and appreciate the input you guys bring I have a small question.
    I have already seen several video's from marketclub discussing gold, however I don't recall ever seeing any come by discussing silver?

    Is it because you see Gold as the leading indicator?

    Now, I understand that you can't pick up every request here but I would like to remind you that while there are plenty of goldbugs,...there are also that many silverbugs.

    Thanks and all the best to you too.

  9. Hi Adam,

    Wouldn't it be better for gold to actually take out the high with volume before initiating a position? You are so close anyways?

    Thanks,

    Jeff

    1. Jeff,

      I cannot disagree with you thinking, however that is not how our daily trade triangles work. I have found it's always better to go with the signal rather than pick and choose.

      If the gold market makes new highs on good volume it would be very, very, bullish and would propel this market to our target of $1200 an ounce.

      All the best,
      Adam

    1. Vince,

      The daily TT does not show up in the GLD chart because the signal we gave the alert on yesterday was on spot gold and not the ETF GLD.

      I hope this clarifies the situation.

      All the best,
      Adam

  11. I have been following gold for a long time and at this time I would like to propose also to look at the gold and silver mining stocks. Some are very cheap at the moment.

    Look some stocks up on market club like I do, determine what the trend is, also look up some information about the company if they have drilling going on, fundamentals. Look at there past highs and then decide.

    Gold will go down for some hours and probably go up a few hours later when the nymex has opened.

  12. Hi Adam,

    The weekly for GLD was issued quite sometime back. I guess its too late to enter.Should I wait for pullback or enter the trade now?

    Thanks,
    Trikaal

    1. Trikaal,

      Yesterday we had a signal on our daily trade triangles for Spot gold. This is a little bit different from the ETF GLD.

      We are still positive on both markets and we expect these markets to rest before they resume their upward trend. We would use pullbacks as buying opportunities in both markets.

      I cannot give you specific advice as we are not an advisory service. What I can say is that we remain positive and we expect the market to go higher.

      All the best,
      Adam

  13. I'm buying DGP. Any thoughts on this ETF? I love the double whammy esp. now with gold showing limited downside. Experience with this etf - it is among the better leveraged products. Cheers - great service and thanks!

  14. Jabalong.

    Thank you for your feedback.

    As a trader you need to know your own trading personality. Some traders are driven by short-term trading, others, perhaps like yourself are medium to longer term time traders. Medium to longer-term traders should use the weekly Triangles which probably is the answer for you.

    If you looked at our Perfect Porfolio video you will see we use the monthly Trade Triangles. There are many traders who will not subscribe to this strategy no matter how much money it makes.

    http://club.ino.com/trading/2009/10/the-perfect-portfolio-for-10000-or-10000000-dollars/

    Like I said, it all depends on your trading personality.

    All the best,
    Adam

    1. Thanks Adam, that makes sense.

      For my part, when it comes to gold, I'm quite happy using the weekly triangles more for timing. The daily ones are still useful to me as momentum indicators.

      I think it all depends as you say on what kind of trader you are, but also on each market and where that market is in its cycle.

  15. Hi Adam, as I understand it for the trade triangles we should treat a metal like XAUUSD the same as forex, thus use the weekly triangle for the trend and the daily triangle for timing. Is that right?

    But looking at XAUUSD over say the past six months, it seems to me that using the weekly triangles for timing would have been quite profitable, whereas I'm less convinced about the daily ones.

    The daily triangles often have you selling at one price only to have you buy in quite a bit higher a short time later. I gather it's about risk management particularly for frequent traders.

    But if you've got a secular bull market like gold and are an investor with a medium to long-term horizon, it seems to me that the daily triangles are a recipe for doing the jitterbug dance.

    Better to use the weekly triangles for timing?

    Thanks,
    Jab

  16. Looks like we're going to have to buy at the open and dog pile in with the rest of the traders.

    Good luck y'all.

    1. Are you looking at the spot gold chart? You can clearly see the daily Trade Triangle on the chart on the daily spot chart.

      Thanks,
      Adam

      1. Adam,

        I thought we were looking for a breakdown to 1030-1040 for our next buy in? Your last chart presentation of 10-6 or 10-7 (not sure exactly showed buy signals in the above ranges.. Have these changed if so, now what do you see?

        Thanks, and enjoy your comments.

        1. Dennis,

          Thank you for your feedback.

          We had a buy signal yesterday on our daily trade triangles on Spot gold. The market has pulled back today, however gold remains in a buy position.

          We would not be surprised to see some consolidation take place in this market in the next week or so. The market trend is clearly positive for gold and we expect any weakness to be met with good support. Upside target remains at $1,200 an ounce.

          All the best,
          Adam

      2. I think I'll pass on your Trade Triangles, clearly Gold is heading south. Best of luck to those who bought today. My hunch is back down below $1K...

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