Preferred direction: BUY Comment: Gold slowed down a little with uptrend impulse, unlike Silver. Although such a trend is natural in principle, that silver outperforms gold (especially in %). The previous scenario is in force and has already begun to be worked out. Approach to the level of 1938.915 will be more likely very soon, in addition, given the news...
Preferred direction: BUY Comment: The EUR still retains the buying potential. Today, however, strong growth should not be expected. An excellent entry point is located at the level of 1.09000. You can consider placing a pending order on this idea and go long immediately after the price passes the level of 1.09000. Upside potential is still the same at...
Preferred direction: SELL Comment: Today, the USDJPY currency pair has the greatest chance of turning down over the past 2–3 months. The potential and most confident short entry point is now located at the level of ~143.8. When closing below this level, the instrument is very likely to roll down to 142.204 and 141.327. However, it is unlikely that the...
Just when I thought SPX was bearish... ...the bulls pull me back in. Not many of us in here made millions from trading. One of the reasons is that the markets are weird. Just when we be lie ve that the bottom is in, another bottom appears. Just when we be lie ve that more down is coming, no more down comes. When you open TradingView, and look at the prices,...
Preferred direction: BUY Comment: Since writing the last metal idea (on Friday), buyers have been able to overcome the 1912 level, as we expected, and as we needed to fulfill the buy condition. Now, one of the best setups is located at the level of 1920, where one can place a pending buy order. The price area near this level will make nervous a large...
Silver has followed the scenario framework. So far there is no reason to drop any of the options. I am expecting a minor correction and then a surge in prices to $24
Just making a note of the Gold Uptrend Channel! Seems, to be tracking nicely along this channel to the Upside.
The consensus is LOWER #interestrates (I mean, they have been around 3.2ish) Every time the 10Yr #yield was in this same situation it FOLDED. Easier to see on daily. However, something looks lil different this time around. Can't make it out on the daily. Let's see the weekly chart. Hmmm... Not yet, but gaining momentum... If the 10 Yr yield starts pumping this...
Tudor Gold has reached my price projection zone for bottom of current wave structure but not quite to the time target yet . I'm thinking it could touch the daily gap in the next week or so . Anyway i've began adding shares at these levels . Tudor is one of the biggest players in the Golden Triangle area of BC . tudor-gold.com
Preferred direction: BUY Comment: A potential BUY-position can be considered for GOLD if the price closes above the level of 1912. This level has a local significance, since it was from it that buyers were forced to exit the market and the price failed by 1893. The target in case of a purchase is at the level of 1938.915. Thank you for like and share your views!
#Yield is moving well today. 1Yr is bouncing back better than 2 and 10Yr. $TNX is not bouncing as much but has not sold off as much as the others. The 10Yr is trading between 3.80 - 4.08. Did we see the top in short term #yields a few days ago? 10Yr on the other hand did not break the most recent high. Interesting to say the least. The last picture shows the...
Preferred direction: BUY Comment: Oil has been trading in the range of 72.36 - 77.39. The most pleasant entry points are certainly located at the extremes, however, the current price attracts those formed by accumulation. Accumulated selling can well push the price up to the level of 76.30. Thank you for like and share your views!
The markets simply refuse to give up. The birds are speaking to them, but nobody listens. Gold, still living inside a massive bearish wedge pattern, is almost ready to print a death cross. The 1M, 2M and 3M timeframes print a similar picture. The 2M chart is beginning to give in. Volatility between MAs is keeping these still glued together, unable to figure...
DXY is at a critical point right now at the end of May, The fact the United States is continuing to print cash non-stop and the fact our economy is slowly dying due to Cov-19, I believe the DXY is about to go on a harsh downtrend and maybe even revisit 2008 lows drastically affecting the strength of the USD and the economy as a whole. For sure gold and silver...
Yellow arrows show the #bank crisis. Short term #yields are higher or at the same level. They are showing signs of wanting to push higher again. The 2Yr is lower & looks as if it's curling a bit higher. The TVC:TNX or 10Yr is consistently lower & looks to be weakening. Wall St may finally be listening to #Fed & more hikes coming.
Preferred direction: Neutral Comment: The sell-idea by 1900 is working out very well, and the approach to this level in the short term is highly likely. In the case of holding shorts, you should at least move to breakeven. For longs - you can gradually gain, or wait for the approach to 1900 and buy more aggressively. Thank you for like and share your views!
Despite heavy selling I think there is a good chance of a bounce in ABC flat. Once ABC is complete this would be the moment to consider shorts.
The US #Dollar looked like it was done selling off, @ least for now. TVC:DXY has been pumping since the call we made on the 17th, Sat night. The 4Hr looks like it may still have some more leg room. Likely pump a lil more. Unless there's a change, #gold may sell off more from these levels. Heavy selling in #silver as well. #BTC holding, but it did fall more...