Bullion
Silver is ripe for the next big moveIt took nearly 2 years to recover from the shock of the 2008 crisis. Then started the epic bull run in Silver. Big green candles and nothing else. The shock due to covid-19 was comparatively short-lived. Going by that analogy, the next bull run is standing at our doorstep. What we saw in August was most likely a trailer. And if we believe that we are about to enter into a commodity supercycle, then that too will be a bullish signal.
Copper prices are soaring. So will the silver price. My target is $35. What's yours?
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It's time to long the goldYou must be aware of the recent significant rise in the long-dated US treasury yields. If this continues, the US Federal Reserve will find it very difficult to dismiss the combined risk of inflation and volatility. The excessive risk-taking by the governments and the banks, backed by the massive liquidity injection is supporting the markets. But that cannot be done for an indefinite period. Somewhere this massive amount of 'Quantitative Easing' or in simple words 'Rampant Money Prinitng' will end up with an inflationary disaster. High prices and vanishingly slim yields on Treasury bonds have provided support for equities since last year. The recent stung by expectations for rising inflation has made the yields go high. This must make us ponder upon the potential tipping point for equities.
This makes gold even more attractive as a hedge against inflation and as a safe instrument. Past periods of high inflation have weighed heavily on real returns from the equities and debt market. Both are still the most favoured investment option as inflation and interest rates are low. But the torrent of liquidity injected by central banks have once again raised the inflation forecasts. Thus we need to position ourselves accordingly.
Technically too, gold has given a breakout and is sustaining above the highs marked in 2011-2012. In the lower time frame charts, it has found good support near 1760. One can initiate a long trade here from both long term and short term perspective.
Silver 34$ in 3 weeksStrong upward pressure continues for silver. Silver bullion is scarce and the futures market is just now catching up. If you look at price of actual silver you will see why I say 34$ by march.
Its possible price will break through and move even higher to 37$ or 40$.
The public opinion of stocks and bonds being reliable securities is dwindling. People are turning to tangible assets. Land, Gold, Silver. Current price of Silver Is far beyond the spot price. You cannot find silver for sale anywhere near the current price of 27 - 28 dollars.
🏛GOLD(XAU_USD) ↗️SIMPLE LONG FROM SUPPORT🚀
☑️GOLD is trading in a range between horizontal support and resistance
And now it has reached the support level again
Therefore, I suggest a simple and reasonable long from support
With the final target being the horizontal resistance
LONG↗️
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GOLD Bear Flag Bearish Bias! Sell!
Hello, Traders!
Gold is trading in what seems to be a bear flag pattern
Therefore, it is possible that after trading in the flag for a while more
We will see a breakout down and a fall in gold price
So that it retest the horizontal support
Sell!
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GOLD Close To NEW SUPPORT| Will Go UP|BUY!
Hello, Traders!
Everyone was long Gold yesterday
But the market decided differently
And we are seeing a MASSIVE drop
However, a new support is near
And is formed by a confluence
Of horizontal and falling support lines
I will go long from there
With the final target being the double top
BUY!
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GOLD(XAU-USD) Will Go UP From SUPPORT
GOLD experienced correction from resistance
Just as I predicted yesterday!
However, Gold is in the uptrend
And I am looking for a long now
The strong demand area is a little lower
So I expect Gold to maybe go a bit down
There, I will BUY Gold
Fist target=nearest resistance
Final target=dotted line
BUY!
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GOLD DECISION AREA| UP OR DOWN?
GOLD is trading in a small rising channel(6H)
That is located inside a falling channel(1D)
That in turn happens to be a bullish flag(1W)
Locally, the price is below a confluence of resistance lines
Thus, I am bearish biased.
However, a breakout will tell us the direction of our trade
Thus, wait for breakout
Then pullback
And enter the trade in the direction of the breakout
The dotted lines indicate the target levels for each trade
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GOLD 2020 TECHNICAL ANALYSIS|2021 PREDICTION|
In this Video I discuss my views on Gold
From the technical analysis standpoint
While I am bullish overall,
I think there is plenty of space for gold to go lower
I also discuss the most important support and resistance lines
And give my 2021 prediction on the Gold movement direction
If you want to learn more, Please, watch the Video!
Merry Christmas, Everyone!
GOLD Between Two Lines. Prepare to Buy?
Hello, Traders!
Gold as you can see, is trading between the two falling lines
One is support, the other-resistance.
It is also worth mentioning that XAU_USD is currently above horizontal key level
So I think that this support might be retested
For the price to then go Up towards the resistance
If the falling line is broken UP, then we will see a strong surge
So I suggest going long at the horizontal support
Aiming to participate in a potential breakout UP
Buy!
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GOLD(XAU_USD) Bullish Breakout| Will Go UP| LONG|
GOLD is trading in a rising channel
While being above strong key level
And we can see a great bullish reaction
With a breakout of a small wedge
After the price touched the support zone
Therefore, I am currently bullish
And expect GOLD to go UP
To retest the recent highs.
Long!
GOLD(XAU-USD) back at the RESISTANCE. Will go Down!
Hello, Traders!
Gold is back at the resistance again
In fact, it is facing a confluence of resistance levels
Therefore,it is reasonable to expect
Gold to go Down, respecting the resistance
As it did multiple times
A careful short!
Sell!
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GOLD(XAU-USD) RESISTANCE AHEAD|SHORT
GOLD had a rally Down, then a really Up
Now, the precious metal is trading below the resistance area
And I think it will bounce off it and go Down again
As it did many times before
Therefore, wait till Gold reaches resistance area
And go short from there.
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GOLD Wait till resistance to Sell
Hello, Traders!
Gold is now recovering from a massive selloff
And it seems like there is still enough bullish force
To push it a bit higher
Getting into a buy trade is too risky now
So I suggest waiting till Gold hits resistance confluence ahead
And to short from there and ride the pullback wave
Sell from resistance!
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GOLD likely to keep Falling. Sell!
Hello,Traders!
GOLD was clearly oversold lately
So the market gave it a pullback
As the short traders were taking profit
While some minor opportunistic longs were opened too
However, gold is now stuck below a falling resistance line
Which used to be a support line
So there is a good chance, that Gold will go down from here
Before It gets to the real strong support, which I talked about
In my previous analysis
Sell!
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GOLD WILL GO UP FROM NEXT SUPPORT|LONG
GOLD has been falling for some time now
In fact, the All Time High of 2073$ per ounce
Was hit on the 6th of August
And from there, we can see Gold falling in slow downtrend
Now, the fall accelerated on the Vaccine news,
Which are driving the investors out of the safe havens
Into the more risky assets
However, the next strong support confluence is near
And area from 1747$ to 1715$ is a broad support area
With the rising support giving additional strength
Therefore, I expect Gold to go Up from that level
To retest horizontal resistance!
Long from support!
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GOLD is going to GROW more. Buy!
Hello, Traders!
GOLD is still near support
So you have time to pick it up cheap
I think it is accumulating for growth
So I expect Gold to keep going up
Even if it retests support agian
Strong Buy!
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GOLD WILL KEEP GOING UP|LONG
GOLD has bounced from support and is now charged for growth
We might see a potential retest of support
But I am currently bullish on XAU_USD
I expect it to continue growing
To retest the horizontal resistance
Which is a final target
Long!
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GOLD fell too much, will go UP. Buy!
Hello, Traders!
GOLD fell from resistance, just as I predicted
Now, It has almost reached the falling suport
Even if it goes a bit lower
It is oversold and so I expect it to go Up
To retest the mid-channel resistance
Buy!
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