GOLD Sell signalA bearish inside bar / pinbar pattern has formed in TVC:GOLD on the weekly charts. While these types of patterns can be quite strong, keep in mind that this is a counter trend trade which adds an additional element of risk to the setup. The invalidation level for this setup is the top of the pinbar @ $2730. Long term, key support sits at around $2080.
GLD
Gold vs. Silver: Is the Ratio Signaling a Major ShiftIntroduction:
Precious metals are displaying promising price action, warranting a closer look at the gold AMEX:GLD to silver AMEX:SLV ratio. This ratio provides valuable insights during bull markets:
Bullish Silver: In a strong bull market, silver typically outperforms gold, causing the ratio to decline.
Gold Leading: Recently, gold has taken the lead, advancing in a corrective rally, but there are signs this could change.
Analysis:
Inverted Saucer Formation: On the gold-to-silver ratio chart, a large inverted saucer formation is emerging. This bearish pattern indicates a potential breakdown below key support levels, signaling silver’s outperformance in the months ahead.
What to Watch:
A confirmed breakdown of support in this ratio could signal a major shift in favor of silver.
If silver outperforms, prices could surge to retest its 2011 highs of $48-$50 next year.
Gold Outlook: Despite the shift in favor of silver, gold remains bullish. A breakout could target significant upside, with price projections of $3,300-$3,400.
Trade Setup:
Silver Bullish Setup:
Trigger: A breakdown in the gold-to-silver ratio, confirming silver’s relative strength.
Target: SLV retesting $48-$50.
Stop Loss: Manage risk by placing stops near recent support levels in silver.
Gold Bullish Setup:
Gold continues to show strength, targeting $3,300-$3,400. Monitor for breakouts in gold prices alongside silver’s potential surge.
Conclusion:
The precious metals setup looks increasingly bullish. The gold-to-silver ratio is hinting at a shift toward silver outperformance, a hallmark of true bull markets. If this scenario plays out, silver could retest its 2011 highs, while gold targets new all-time highs. This is a chart and setup worth keeping a close eye on in the coming months. Which metal do you think will lead the charge? Share your thoughts below!
Charts:
(Include charts showing the gold-to-silver ratio with the inverted saucer formation, key support levels, and projected breakdown targets. Add gold and silver price charts highlighting bullish setups.)
Tags: #Gold #Silver #PreciousMetals #GLD #SLV #BullMarket #TechnicalAnalysis #TradingIdeas
$GLD Double Bottom, Bullish Inverted H&S AND Bull flagging?! Am I blind? Are you? Holy moly. This looks textbook under the reversal patterns I have documented. To be HONEST, it doesn't look 100% but it's showing signs. In my previous AMEX:GLD posts I said $242.73 needs to hold and it has. I think AMEX:GLD is creating a new floor of support for the next 3-6 months. I'm going to be entering GETTEX:250C for months out in 2025. + EOY rally. $250 target gets AMEX:GLD to a 30% YTD. AMEX:SPY in the same boat, 30% YTD - I posted a chart on it as well, check that out. Leave a comment to let me know your thoughts. I looked through many time frames and this one looks the best. I can't say I'm a fan of the big Elmo candles but I see a flag forming. Leave a follow and a comment.
wALL sTreeT L0S3R
$NFLX Farewell , I bid the adeiu It was a nice ride I'm sure. But it's time to go back down now. RSI hitting resistance on the monthly. Daily exhausted with 7 green days in a row , with a doji to top it off. I would love a gap up and touch of the highs, then flush!! 3 days of red incoming. Monthlies can pay well 💬
Metals & Miners Are About To EXPLODE HIGHER (50%-100%+)Please don't miss this opportunity.
I've been studying the metals charts, and last weekend, the SILJ chart caught my attention.
I started looking at longer intervals (Weekly and Monthly) to see what I could find.
XME and SILJ are showing excellent Inverted Excess Phase Peak patterns that may resolve as a breakaway upward price trend over the next 8 to 24+ months - sending both XME and SILJ over 40-50% higher at a minimum.
This sounds crazy, but Metals and Miners are probably the best opportunities for swing position trading right now as hedge investments and/or very long-term options play.
There is nothing else out there that has a 100-200% rally potential and the ability to hedge against global risk factors.
I believe SILJ, XME, Gold, Silver, & Platinum will likely be HUGE WINNERS over the next 12-24+ months.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance:
Click chart above to see the detailed analysis👆🏻
Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level.
Levels to watch: $2.700, $2.050
Keep your long term vision,
Philip (BasicTrading)
GOLD & SILVER Attempt To Break Higher - Moving Into EEP #3Gold and Silver attempt to break upward, moving away from the larger EPP Phase #2 (consolidation/FLAGGING) setup.
If my research is correct, we'll see a very strong rally setting up in Gold/Silver over the next 2-4+ hours - likely see GOLD rallying up to $2720+ and SILVER rallying up to $32.50-$33.
Get ready. This could be a very strong rally phase targeting new all-time highs over the next 15+ days.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Attempting to Time The Next Gold Rally (FPT & EPP Analysis)This video attempts to show you how to use Fibonacci Price Theory (FPT) and the Excess Phase Peak (EPP) patterns to attempt to time/estimate the next big Rally in Gold/Silver.
This is more of an educational video as timing market moves accurately is nearly impossible (IMO).
Some techniques (such as predictive modeling or other types of price pattern analysis) can help us estimate when the markets may make a big move, but they are still only about 55% to 75% accurate in most cases.
I've found the best solution is to more clearly identify price support/resistance using FPT and the EPP pattern to attempt to determine what stage of the EPP pattern price is currently in and how that relates to FPT short-, intermediate-, and long-term price structures.
In my mind, using price as the core element of my analysis eliminates the potential of getting confused by technical indicators and other data.
Price is the ultimate tool when attempting to trade or analyze the charts.
This video is designed to help you understand how to use the two techniques/theories (FPT & EPP) I teach to better understand price setups/trends/opportunities.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Understanding Gold Panic Selling Reactions BetterThis video is designed to help you better understand how Gold works as a hedge instrument and how to attempt to measure Panic Selling phases in Precious Metals.
Metals offer an incredible opportunity when Panic Selling hits. But it can also present some very real risks because of price volatility.
Panic selling in the markets is usually an event-driven sell-off in almost all markets (including metals).
This type of selling is usually related to traders pulling assets (CASH) away from all market sectors because of some crisis or geopolitical event. It is a way for traders to react to the fear of the event while sometimes ignoring how metals will react to the future revaluation event.
Yet, who wants to hold Gold when it may fall 8.5% to 15% throughout this panic selling process?
If you learn how to spot the base/bottom efficiently (using my Excess Phase Peak patterns), you'll be able to pinpoint some incredible opportunities in metals.
I hope this video helps you to understand exactly how these Panic Selling events unfold - and lear to spot/trade them more efficiently.
The reality of the current market environment is that the Trump win is the event (call it a crisis or not - I don't care). This event is causing markets to revalue current asset classes (notice the strength of the US Dollar since Election Day).
I believe this revaluation event is nearly over and prices will begin to adjust into what I'm calling my "Anomaly Event" - where price levels settle back into a reversion (normal) type of contraction event before moving into a late-stage Santa Rally.
If I'm right, we'll see a base/bottom in metals happen after November 15-19, 2024.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Gold & Silver Struggling To Break Away From Consolidation PhaseI created this video to highlight why I believe Gold & Silver could stay within a very wide consolidation range until after November 7~10 as the US markets enter a SHOCK phase after the elections.
Yes, I believe Gold & Silver will ultimately rally much higher, but my weekend research suggests the US & Global markets will stay in a low liquidity phase for about 7 to 10+ days after the election and I believe THAT is the reason why Gold & Silver will appear TRAPPED in a sideways price range.
Ultimately, we'll see what happens with Gold and Silver and if my research is correct or not. I just wanted to alert traders that Gold/Silver and other metals/miners appear to be trapped in a price anomaly event over the next 10+ days that suggests metals will fall downward, trade within a sideways price range, and attempt to move out of that range after November 11.
Let's see how it plays out.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold & Silver Enter Phase #3 of the Excess Phase Peak PatternGet ready. Both Gold & Silver have moved into Phase #3 of the Excess Phase Peak Pattern - suggesting Gold & Silver will consolidate briefly before either attempting to break downward toward an ultimate low or revert higher, trying to take out the recent highs.
I estimate that Gold and Silver will break downward as fear and panic settle into the market ahead of the US elections.
If you've been following my research for the past 4+ weeks, you already know I predicted this move nearly a month ago, and now we are seeing Gold and Silver roll strongly to the downside.
What is interesting is that they both set up excess phase peak patterns. Gold set up a very quick Phase #1 & #2 (flagging) pattern, whereas Silver's #1 & #2 setup took much longer.
I believe Silver is leading the markets a bit right now throughout this Excess Phase Peak pattern.
If my research is correct, Gold and Silver will break downward over the next 4+ days to identify a substantially lower low - the Ultimate low.
After that, Gold and Silver will base/bottom and move into a very strong recovery phase.
Are you ready for market opportunities over the next 5+ years? Follow my research/videos to learn how you can capitalize on these big moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold vs Commodities: Monitoring Relative Strength in Hard AssetsIntroduction:
The commodity sector spans various areas, including energy, agriculture, livestock, and metals. However, focusing on the most promising areas can lead to more effective investment strategies. One key ratio to monitor is gold AMEX:GLD versus a broader commodities basket (DBC). This ratio is especially relevant for those interested in hard assets, as it highlights where strength lies in the commodity space. Currently, this ratio favors gold as the stronger performer.
Analysis:
Relative Strength: The GLD-to-DBC ratio offers critical insights into the relative performance of gold versus other commodities. Gold has been outperforming the broader commodity basket, indicating its resilience as a hard asset.
Technical Pattern: Earlier this year, the ratio broke out of a rounding bottom pattern, signaling a bullish trend in favor of gold. Even before this breakout, the trend was clear through a series of higher highs and higher lows, reinforcing the strength of gold relative to other commodities.
Gold’s Performance: Gold remains near its all-time highs, while other commodities continue to lag behind. This highlights gold’s resilience in the face of broader market uncertainties.
Conclusion:
Gold’s resilience compared to other commodities makes it a standout performer in the current market environment. The recent breakout in the GLD-to-DBC ratio and the continued pattern of higher highs and higher lows support the bullish case for gold. Traders focused on hard assets should monitor this ratio closely to gauge potential shifts in strength. What’s your outlook on gold versus other commodities? Share your insights below!
Charts: (Include relevant charts showing the GLD-to-DBC ratio, the rounding bottom pattern, and the higher highs and higher lows trend)
Tags: #Gold #Commodities #HardAssets #GLD #DBC #TechnicalAnalysis
Gold PTs 2,800€ short term, 3K long termProbably nearing the end of the second bullish impulse that started around 2,300$, PTs 2,800€. Waiting for a turnaround around that area, and a fall to the (2)-(4) line around 2,600$ to then attack the 3K barrier (which I don’t think will pass in the following months).
Just my opinion!
Gold Builds Base : Look For Support Below $2650 For LongsMy research shows Gold will make another big move upward over the next 10-15+ days - targeting $2740-2750. But first, Gold will attempt to base/bottom near or below $2650 over the next two trading days.
My research suggests Oct 3 and Oct 4 will likely be the start of a rally phase for Gold targeting the $2750 level by Oct 14-15.
I believe traders should attempt to look for long entries below $2645-2655 and view any move below $2640 as a deep low opportunity.
Gold is still hedging the global risk factors at play throughout the world and will attempt to move above $3050 before the end of 2024.
Get ready. This is the start of the big rally phase I've been warning you about for the past 3-4+ years.
Everything I suggested would happen is taking place right now. You just have to be able to take the trades to benefit from these moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold