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Spot 60 Minute Trends for Gold, Oil, Nat Gas, and Indexes

Welcome back everyone! It’s time to buckle up and get ready for another exciting year of trading.

When the market is moving on light volume I tend to focus on very short term plays to minimize my exposure to volatility. The past couple of weeks have been great for day traders and futures trades as we took advantage of the short term seasonal holiday rally in the broad market and also by shorting gold when bounces reached resistance levels.

This year I will be providing many more trades as I focus more on 60 minute trading charts to scalp the market with low risk quick reward setups. Also I will start providing futures trading analysis and signals for those who want to be more active and generate more income on a monthly basis.

DIA – Dow Jones Exchange Traded Fund – 60 Minute Chart
The Dow has been trading in this range for a couple weeks providing some excellent short plays. Although I tell members not to short in a bull market, there are times when shorting in a bull market looks and feels right. The past month has been the perfect mix for shorting using the 60 minute charts.

Dow Jones Trend

Dow Jones Trend

GLD – Gold Exchange Traded Fund – 60 Minute Chart
Gold is in a strong bull market but the short term charts have provided over 13 short trades in the past 2 weeks for futures traders playing the bounces to resistance levels. The triangle on the 60 minute chart with declining volume is a continuation pattern of the short term trend which is down.

Because gold is trading near a support level on the daily chart, I am waiting patiently for a perfect setup to go short, or long depending on what happens in the coming hours. I predict lower prices with $102 area for the next support level.

Gold ETF

Gold ETF

UNG – Natural Gas Fund – 60 Minute Chart
Natural gas is trading at resistance on the daily and weekly charts. This 60 minute chart allows us to take a closer look at the intraday momentum which clearly shows there are more sellers than buyers at this level. I see lower prices in the coming hours/days.

UNG not a good fund for holding positions more than 2 weeks, it does provide excellent trading opportunities for day traders and 60 minute chart setups.

Natural Gas Tends

Natural Gas Tends

USO – Crude Oil Fund – 60 Minute Chart
Crude oil had a perfect bounce off of a support level on the weekly and daily charts back on the 14th. Oil is now trading at a short term resistance level and I feel it will head lower in the coming days. We still need more price action before taking a position. Let’s watch and wait.

Oil Trend Trading

Oil Trend Trading

Trends of Gold, Dow, Oil and Natural Gas Conclusion:
The broad market and commodities listed above seem to be trading at resistance levels with signs of rolling over. As a technical trader the charts do all the talking and they are pointing to lower prices in the near term which falls in line with my gut feeling that a sharp pullback across the board is lurking in January. Once the big money start getting pushed around again we will know who is in control, buyers or sellers.

Let’s continue to focus on these short term charts to take advantage of any low risk setups which come our way.

Get these Free Weekly Trend Trading Charts Emailed to you:

Chris Vermeulen
www.TheGoldAndoilGuy.com

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Gold Signals Gone Wild!

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Gold Newsletter Signals – This week gold signals are popping up everywhere in our collection of gold exchange traded funds. This is a quick gold sector updated on the current price action of some of the best gold exchange traded funds.

How to Find Low Risk High Return Gold Signals
First step is to have a GOAL, Then FIND what trading tools are needed to fit your trading goals.

My Trading Goals
First – My focus is to wait for high probability trades. I do not want to make any more trades than I need to. More Trades = More Risk for my hard earned money. Waiting for a high probability trade is difficult but must be done to generate consistent profits. I wait for gold to find a support or resistance level then look for gold signals in my hand picked collection of gold exchange traded funds like GLD, DGP, GDX and many more…

Secondly – I don’t like to hold stocks or funds any longer than I need to. Most of my trades are short term and only last 2-10 days. Some trades last 1-2 months if gold is making a large move but this is something that only happens every now and then.

Thirdly – My goal is to make 2-5% on each trade and I am happy. With 10-20 trades per year at 5% it’s not a bad return on investment.

Last – Once I am in a trade and it looks like our position is about to roll over, I will lock in some profits by selling some of the position to capture a higher % profit. This is crucial if you want to consistently make money trade after trade.

Find the Best Trading Tools for Reaching the Goal
Experience has proven that the following tools and rules allow me to not only find accurate gold signals but to minimize overall risk and increase the average profit per trade. This took a long time to fine tune, but it all came back to the basic indicators and technical analysis we all learn day one of trading. The only difference is that I have a Goal, Tools and Dedication to Follow Through with my trading model. I share this information and support with members in my Gold Newsletter Service.

My Trading Tools
MACD – A popular technical indicator system that combines several moving averages to better show a stock’s trend and momentum.

Price Relative – Technical indicator that compares the performance of two gold exchange traded funds to each other by dividing their price data.

Breakout Buy Signal – This is when the price of an exchange traded fund closes above our resistance trend line and the MACD cross’ to the upside confirming the trend line break. This is the first requirement for a tradable bounce.

Breakout Sell Signal – This is when the price of an exchange traded fund closes below our support trend line and the MACD cross’ to the downside confirming the trend line break. This is the first requirement for a tradable breakdown.

Upside Reversal – When the price of a fund closes higher than the previous days high.

Downside Reversal – When the price of a fund closes lower than the previous days low.
Maximum 3% Risk Trading Rule – I do not enter any trade in GLD, GDX, ASA, XGD.TO that has more than 3% risk. This actually allows me to miss several trades, which would end up losing.
This trading model is simple. Enter a position when we have a low risk setup, and exit on a trend line break. It’s best not to enter a trade if risk is more than 3%.

Gold Miners Index – Multi Year Trend Chart

Gold Stocks At Support

Gold Stocks At Support


Currently bouncing off support, which increases the probability that we could have a nice rally.

Gold Bugs Index – Monthly Gold Signal Trend Chart

Gold Newsletter Trend Look

Gold Newsletter Trend Look


The Monthly Gold Bugs chart is trying to give us a sell signal, but gold stocks are making a strong push higher.

$HUI: $GOLD Ratio Chart – Weekly Gold Signals

Gold Newsletter Weekly Trend

Gold Newsletter Weekly Trend


Looks like the price of gold stocks have corrected and ready for rally

Gold Bugs Index – Daily Gold Signals

Gold Newsletter Gold Bugs Index Chart

Gold Newsletter Gold Bugs Index Chart


The HUI is my barometer to gauge the strength of a potential gold trade.

GLD Gold Exchange Traded Fund – Gold Trading Signal

Gold Newsletter Gold GLD Chart

Gold Newsletter Gold GLD Chart


GLD is a low risk trading vehicle providing the best win/lose ratio of any other fund I have traded.

DGP Exchange Traded Fund – Gold Trading Signal

DGP Gold Newsletter Daily Chart

DGP Gold Newsletter Daily Chart


DGP is a leveraged gold ETF providing twice the price movement of GLD.

GDX Exchange Traded Fund – Gold Trading Signal

GDX Gold Newsletter Signals

GDX Gold Newsletter Signals


This gold exchange traded fund holds a basket of gold stocks.

XGD.TO Canadian Exchange Traded Fund – Gold Trading Signal

Canadian Gold ETF Newsletter

Canadian Gold ETF Newsletter


Gold exchange traded fund for Canadian traders.

Finding low risk trading signals is a simple process but entering at the right time is the key.

Conclusion:Gold’s recent price action has not been easy for most traders. Above are the basics of what I look for when looking for gold signals and trading. If you have any questions please send me an email.
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