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Copper: just some infosHi Guys, Interesting time for copper! Chinese smelters and global miners meet every November to negotiate the annual benchmark for the following year’s TC/RCs. Miners pay treatment and refining charges (TC/RCs) to smelters to process concentrate into refined metal. When supply is scarce, refiners have to charge less to attract what they need. This comes when an unofficial Chinese ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021, traders and analysts said. While Australia is not a big supplier of copper concentrate to China, the row comes as supplies from South America have been disrupted by the coronavirus epidemic which looks set to erode the bargaining power of smelters in China to buy for next year. On Monday the Candelaria Union will decide how to carry on the strike commenced at the beginning of October that disrupted supply. From a technical point of view to note that despite the divergence between price and sentiment, the commodity keeps pushing towards the 3.2 level. Will it drop from this level or will it continue higher? Please share your view in the comments below. Thank you for your support and for sharing your ideas. Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
OANDA:XCUUSD
by cozzamara
2
TRICKY GOLD - BEWARE FAKE SIGNALS - GC1! - 30MNWe have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around. Be careful when trading the Gold Future. All the red arrows are showing examples of fake signals. The blue line is an overall trending line being a strong support, if broken there is strong probability in seeing GC1! Gold Future running further down. The top black line acts like a very strong resistance. We have seen the market testing it and failing to pass it. The black line on the top is stronger and probably more difficult to break than the blue bottom line. Sellers who came in strongly 3 weeks before have strongly impacted a Gold promised to stay above $2,000 last month. See how things change quickly. It is probably better to stay away of the spot and wait for the Gold Future to show a clear direction after having broken a super strong line which are more visible in the Daily chart.
COMEX:GC1!Short
by Diallo_Charts_Ideas
GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support. The red line marks the most important line where the sellers won't let the market go above. The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price. We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise. For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one. Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
COMEX:GC1!
by Diallo_Charts_Ideas
4
Gold holding ground against weak dollar, will it hold?Gold Technically forming a base around 1845-40 range and upside resisting at 1882-85 saying overall range 1840-90 for now. H4 timeframe at over bought zone and need to correct till 1860-65 zone again to bounce or if breaks there we can see a straight drop till 1848 sept 28th low. Meanwhile one can wait and either buy from low or sell from high 1880-85 zone which already tested for the day. So, sellers still appear to have the advantage until connecting with daily support at $1,841, closely shadowed by H4 support at $1,835 and then the weekly channel support (around $1,825ish).Overall we say sell on rise for the day. Suggestion: SELL GOLD FROM 1878-80 SL ABV 1892 TGT 1860/1855 ELSE BUY ABOVE 1892 TGT 1911/1920 SLBELOW 1874
OANDA:XAUUSDShort
by OfficialYaMarkets
Exchange for Physical gold trade blew up - crypto had an answerLast month as a result of the Covid-19 lockdowns, the physical gold market was in such significant lock down that the basis between physical gold and paper gold (E.g. CME gold futures) blew out to black swan levels, costing numerous trading houses billions. This was because through the EFP trade these trading departments are short CME and long physical. The fair basis was around $8 USD but popped out to over $60 on numerous spikes. So the problem was the inability to access the physical gold market, but there were in fact two ways in which to get long physical gold at that time. The two solutions were Paxos Gold (traded on Kraken) and Perth Mint Gold Token (traded on KuCoin). Both these gold tokens that are directly convertible into the same form of gold that's traded in the institutional gold market - London Good Deliver Bars (LGDB). The simple play was to buy PaxG or PMGT and sell the inflated gold futures contract and then wait for the spread to come in. Of course one could have redeemed the token for physical gold and delivered that gold into the CME contract, but the first option is far cleaner and has more edge in it after fees.
COMEX_MINI:MGCM2020
by JK57
Gold when markets entered risk-offHi Guys, On Feb 20 markets started to go down due to COVID19. Here I posted some daily screenshots of: SPX, DOW, NASDAQ, DAX, CAC, FTMIB, FTSE, WTI When economic conditions weaken and risk appetite decline, Gold normaly goes up because it is considered by many a safe haven. But the move in Gold did not happen right on Feb 20. Instead Gold went down to find support on the 200SMA before starting the run up into April. To note that RSI is approx to enter above 70 zone which means overbought. However, in the short term, this is a signal of strong bullish momentum IMHO. There is also to note that the move made by Gold from Mar 20 is very similar to the move made by stock markets on Mar 23 when FED shot their "bazooka". However, whilst what happened from A in stock markets is a "bear rally", what happened in Gold from A is a "bull run". GOLD BULL RUN SPX BEAR RALLY Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Eye of sellers will be active soon...! Channel Resistance is 1745 nearby . Hit: Take confirmation from lower-frame chart. If you want to analysis on a lower timeframe, kindly say in a comment. Almost many things are till remaining on the chart although i have plotted following: Flag pattern Major and minor channel Initiative move Responsive move major and minor support level Waves -----------------------------------PAST PERFORMANCE-------------------------------- You can see what is the power of support.
TVC:GOLD
by Trade-Technique
59
Silver - WHERE TO NEXTHi, thanks for viewing. I just posted this because the chart is the definition of neutral on the 4 hourly chart; The price is side-ways, RSI is almost at the 50 mid-point, MACD (not shown because I don't have sub) is right on the zero line as well. So, I watch with interest to see what is next. I am a bit less stressed about the price of silver dropping of late - as demand is super high for physical, the price between futures contract silver and physical have become unrelated in the last few weeks, but most of all - you price it at any level you want on the futures markets - but you have very little chance of getting any in your hand. Soon, you will have no chance - the supply chains will be frozen, many silver mines are already in care and maintenance due to you-know-what. This will also mean no secondary market for holders - but I don't think anyone buys silver because they have a short time horizon. The markets will re-open again and the world will be a different place. Then we will see how things look. In the meantime, there are a lot of interesting developments to cover. Developments like; - The Fed buying bonds, debt, and equities, - The Fed balance sheet increasing my trillions a week, - Helicopter money, - Mine closures, - The growing near-term potential for the failure of paper futures markets www.bullionstar.com The article relates to 100oz gold futures - not silver. However, if one should buy 100oz futures contract for physical delivery you are being told - I think quite explicitly - that you should not expect physical delivery. What you are primed to expect as settlement is in fact a promissory note. A 25% claim on a 400oz gold bar held in LBMA vaults. Why? It seems that COMEX has no 100oz bars. They are offering contracts on 25% shares of 400oz bars that are likely in London (who is willing to bet that air routes will be open in a month?). Its all very strange. I was expecting the gold and silver price to be more volatile, even to significantly sell-off - as happened in the last recession. It's not all about futures contracts manipulation - people and businesses (maybe even some hedge funds too) will be forced to liquidate collateral (although I am aware of two hedge funds carrying around 10% of their long positions in gold. Actually both invest in GLD ETF - not physical metel) during a recession. Again, its not silver. But a number of bullion suppliers have announced that the physical bullion prices have become unrelated to prices from COMEX. I tend to believe the suppliers, as they deal in finite metal (supply chains are freezing up while bullion demand it through the roof - I have heard levels between 477 and 1000% above 2019 demand levels in NZ, Australia, Singapore, and the US) and the futures contracts are not similarly limited. So, they can drive the prices down on the futures markets as much as they like - they will still have to settle some contracts with a physical delivery (I am aware most futures contracts are not for physical delivery). It is looking increasingly likely that physical settlement will not be possible at the end of the month. That realisation - effectively a default - will likely lead to a gap up re-pricing. Ok, check ya later.
TVC:SILVERLong
by flyinkiwi10
1
Gold Futures | Broadening WedgePlease support this idea with LIKE if you find it useful. Price formed a Right-Angled Broadening Wedge (descending) - bullish pattern. The market closed near the Ichi Cloud support zone. In case we have a confirmed retracement of the Ichi Cloud we can initiate a Long position. If there is a confirmed breakout of the pattern we can also initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COMEX:GC1!Long
by Anpu
Comex Gold - Selling The Tops at 1705 $-Case of Ending DiagonalDisclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Happy to get the clue straight from the yellow metal & to see it unfolding as expected on 7th March 2020 video idea which was published on Indian Version - Nifty / Gold / USDINR - The important Juncture. Video Idea (Click the Idea Below) ------------------------------ Long Term Outlook ------------------------------- A possible case of Ending Diagonal which suggest that the rally which started from 1045$ to 1705$ has completed & we look for downside Targets - 1045$ / 900$ / 750$ Short Term Outlook Wait for some bounce above 1500$ in the zone 1590 - 1625$ zone - If you see the commodity getting rejected in the suggested zone then putting stops above 1635$ could be an opportunity for selling the commodity for Targets - 1500$ / 1445$ Thanks for watching the video & stay classy till next idea.
COMEX:GC1!Short
by WaveTalks
12
Corona fear drained gold, Upwards channel intact A corrective bounce is being seen as intraday charts are reporting bullish divergences and a possible sign of return? (Check blue arrowed trend line below the chart and on the RSI) For a clearer Picture - Corona fears have drained Gold prices, and caused a massive market panic and printed the lowest level since Feb. 5 @ 151.21 after dropping for a third straight day on Thursday. However, there's appears good news for Gold buyers as it's on strong support and seems to return. (after bumping into SMA 200 on Daily chart) Gold price settles around 1588.00 since morning, and as long as the price is above 1545.00, the bullish overview will remain valid for the upcoming period. Import resistance levels to watch - 1624.81 - 1635 ----------------------------- Follow the channel for more strong and in-depth analysis like this. Share the love with your friends and let me what do you think, Leave a comment :) Learn candlesticks and improve trading - bit.ly/Learn_candlesticks (After trading if you decide to keep using that account for trading, you can get a 50% bonus, which you can actually keep and withdraw!) to learn more about the offer and live trading signals Telegram - @Tradingmoore
OANDA:XAUUSDLong
by TREND-KEY
3