NLEMCHIfx

NLEMCHIfx SAVING RETAIL TRADERS FROM SELF-DESTRUCTION.

YOU'LL LEARN 🆕 TRADING STRATEGIES, A PROPER MINDSET, AND PRACTICAL TRADING TIPS📌
TRADER📈
📈 I BUY COIN 🪙
MY YOUTUBE LINK 💪▶️▶️
https://www.youtube.com/

down 0.8% currently but still holding in the wedge pattern. This is getting very close to the vertex of the wedge now ...
05/21/2026

down 0.8% currently but still holding in the wedge pattern. This is getting very close to the vertex of the wedge now so I am just waiting. The longer price contracts in these patterns, the bigger they move when it does eventually break.
If it breaks down, it could drop straight through $4380 as we are now consolidating close to that.
If it breaks up, 4850 and 5000 are the resistance levels.
$GLD $GLL $GDX $GL

up nearly 1% today as has pulled back and the 10 year bond has also pulled back. The orange wedge pattern remains th...
05/21/2026

up nearly 1% today as has pulled back and the 10 year bond has also pulled back. The orange wedge pattern remains the key feature to watch and it will be forced to break out one way or the other in the next week or so. Until then, I have gold as 50-50 so no trades for me.
$GLD $GLL $GDX $GC $XAU

and the are struggling again today. Gold is currently down 1.3% and looks like it will close below the orange lines....
05/19/2026

and the are struggling again today. Gold is currently down 1.3% and looks like it will close below the orange lines. If it does (it still hasn't confirmed so probabilities aren't as high as after confirmation), it likely tests the $4380 support level next. That should give a bounce which I will look to day trade but it might only be small and I still expect this to go lower in the coming months.
If 4380 breaks, 3900 is the next major support. This would be the first level where I will start to consider the a major bottom is in (although my base case is currently for it to go lower than that).
$GLD $GLL $GDX

just about holding the lower orange support line still. Whilst above there, it could still get a move up. But this doe...
05/19/2026

just about holding the lower orange support line still. Whilst above there, it could still get a move up. But this does look weak and a drop to $4380 is now more likely than the move up to $5000.
If it does drop, 4380 should still be support and could be a day trade, but I wouldn't swing long there as this might only be a small bounce.
$GLD $GLL $GDX

is down 2.5% today and testing the lower end of the orange wedge pattern. A clear close below would be bearish and wou...
05/15/2026

is down 2.5% today and testing the lower end of the orange wedge pattern. A clear close below would be bearish and would make $4380 very likely in the coming days. That will be the major support and test for the market. If it can hold the orange trend line, it can still push back up so I would be more neutral on the market.
$GLD $GLL $GDX

Gold broke out from a 3.5-month consolidation and presently consolidating gains likely before a run to $5k. Run to $5k m...
05/14/2026

Gold broke out from a 3.5-month consolidation and presently consolidating gains likely before a run to $5k. Run to $5k most likely going to be lightening fast catching most unprepared...

down 1.1% but this chart is still slightly bullish overall. It's still above the orange wedge and this looks like the ...
05/13/2026

down 1.1% but this chart is still slightly bullish overall. It's still above the orange wedge and this looks like the early stages of bull flag consolidation. Whilst here, touching the orange line, it could be a good long entry IMO. BUT, for gold to go up, you need the to hold up and to not climb any further. So at the moment, all these factors are intertwined and you must consider them all when taking trades.
I'm not in and waiting for a bigger move either way before I am interested.
$GLD $GLL $GDX

up 0.3% and will close above the orange wedge pattern. It still hasn't confirmed above so I still remain a little scep...
05/11/2026

up 0.3% and will close above the orange wedge pattern. It still hasn't confirmed above so I still remain a little sceptical, but whilst above the wedge, this is bullish. Therefore probabilities favour a move to $5000 but the risk reward isn't high enough for me to take this one right now. BUT, if it goes sideways for a few days forming a nice bull flag, I would then be tempted.
Below, the bottom of the wedge pattern is support and below that $4380.
$GLD $GLL $GDX

Gold's major run in 2025 started in late August after 4-5 month consolidation resulting in 70% into January 2026.Interes...
05/11/2026

Gold's major run in 2025 started in late August after 4-5 month consolidation resulting in 70% into January 2026.
Interestingly the range of the consolidation back then was pretty narrow within $550.

Present consolidation moves into 5th month with the consolidation range of $1500, which is nearly 3 times as much as the one in previous year.

Another 70% move from present price level suggests give or take $8k gold price. I believe, gold is setting up for the major and final leg up in 2026...

05/10/2026

| 😱💪🐐🌪️❤️

GOLD - Wave 3 Buy Zone Getting Closer (Updated)Wave 5 higher is underway. Wave (1) completed as a leading diagonal textb...
05/10/2026

GOLD - Wave 3 Buy Zone Getting Closer (Updated)

Wave 5 higher is underway. Wave (1) completed as a leading diagonal textbook for the start of a new impulsive sequence. Wave (2) is now correcting as a zigzag (5-3-5).

Wave A of the zigzag is complete. Wave B has pushed higher and is developing now. Once wave B finishes, wave C drives price lower into the buy zone around the 0.618

Fibonacci retracement - a common landing zone for wave 2 corrections.

That is where wave (2) completes and wave (3) begins. Wave 3 is the strongest and longest wave in Elliott Wave theory and the move we are positioning for.

Targets remain $4,900, $5,600, and $6,000.

Plan

Wait for wave B to complete

Once wave C moves into the buy zone, draw the trendline and watch for signs of reversal

Stops below price post trendline breakout

Invalidation below $4,099

Goodluck and as always, trade safe!

Address

Lima, OH

Telephone

+19133373081

Website

Alerts

Be the first to know and let us send you an email when NLEMCHIfx posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to NLEMCHIfx:

Shortcuts

Share

Category