Gold is targeting $1860 & $1899 - Beyond $2300 in 2023Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally.
Current base level is near $1670 to $1710.
Normal rally results in a $400 to $475 rally phase before exhausting.
My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be near $2150 to $2225.
Remember, this is just the start of this rally (just like in 2003~05). The real rally in Gold will start in 2027~2030.
Follow my research.
GOLD-SILVER
Silver is up 32% from Sept 1 - Ready for the next move higher?Have you been following my research, weekly videos, and Custom Metals Indexes?
If so, you already know why I've been telling traders/investors Gold/Silver are setting up just like 2003-04: building a momentum base over the past 24+ months.
The next move higher (over the next 5+ years) should be incredible.
Silver is up 32% over the past 90 days. Can you imagine what the next 500+ days will look like?
Remember what happened to Silver between 2007~2011? Imagine that, but with a potential amplitude of 2x or 3x.
Get ready, it's all just getting started right now.
Follow my research. Learn why you need to prepare for the biggest opportunities of your life with my research/algos.
Burl Ives trade not looking too good right now (Silver & Gold)As the DXY rises, commodities generally will fall. Even though GOLD sometimes is thought of as more of a defensive asset and inflation hedge, that theory has been moot lately.
SILVER and GOLD (the Burl Ives trade) will continue to languish in these downward channels on the weekly charts as long as the dollar is remaining strong. They are both extremely oversold on the RSI, but with the dollar as a headwind, the oscillators and indicators don't matter as much.
Gold and Silver are essential for electronics; especially those to do with space and healthcare. but would be a no-touch area for me personally until I see the DXY break below 110 with an apparent break in the upward trend.
If high inflation can't get Gold going, then I don't know what can.
If the dollar does drop and the momentum for commodities changes, I would be looking to buy GOLD at 1600, SILVER at 18, then sell GOLD around 2,100, and SILVER around 27.
US Dollar Index Wave AnalysisThe dollar index has been trading downin the big corrective pattern of zig zag on higher degree.Now it is in Wave C of zigzag.The wave 5 of the wave C is going on right now last wave segment and its target 105.18 - 104.46 level .That will be the end of all zig zag correction after that longterm impulsive trend to upside will resume.
Gold GC1 - A New ATH is Simply a Fantasy. But, a Big Trade Brewsis this thing that has traded like a boat anchor, as much of a boat anchor as Bitcoin . More or less not moving at all. Yet, as with all things, consolidation periods only last for so long before the volatility picks up again to draw in new attention.
This chart is a huge amount of time and very wide ranges and so it's very hard to stuff the important info into the part associated with this call. You'll have to read my wall of text for it to all make sense.
Many have wondered, myself included, how Gold could have failed to make a new high during its post-Russian Federation invasion of Ukraine pump to $2078. I myself traded this during that time and had months worth of longs established at $1,600, $1,700, $1,800 and missed the chance to get out at a profit, waiting for it to set a new high.
I was very confused.
Over the months, I have upgraded myself significantly and I now understand why. It's simple:
Market makers were simply attacking the area above the '11 $1,923 ATH. The fact that no new high was made indicates that MMs are heavy on the sell. Unfortunately for goldbugs, this means that a new all time high is literally a fantasy. It will happen, but not until significant downside conditions are met.
The total range equilibrium between the $1,069 low in '16 and the post-COVID ATH is roughly $1,550. Until gold trades below this area and there are indications longs are accumulating, there will not be a move towards an ATH again.
This can be seen with a study of the monthly:
And the Weekly:
This is reality. Just get in line with reality and you'll be able to:
a) Save losses
b) Book gains
Gold has traded, since September, underneath a key low, and has not followed its counterpart Silver in taking significant north-side runs. Today during FOMC madness, the one time that gold really ought to have gone up to draw in buyers based on the notion of inflation hedging, it instead ran into resistance at that $1,670 level.
This mostly assures that gold is headed to new lows.
In my opinion, there are two scenarios, the first is much more likely than the second, and bodes well for bulls:
1) Gold trades to the low $1,500s for a discount versus the COVID-hysteria lows for the first time in almost two years.
Should it show signs of life here, Gold should reverse and head back into the $1,850-$1,900 area. But be warned this type of trading pattern will not amount to a run towards a new all time high, although it will feel like it, and all the "gurus" will assure you it will be.
This type of trading pattern will constitute more selling, because a longer term move downwards is happening.
2) Gold loses all life and heads towards the $1,350 area. This will be long term bullish because, after what is likely to be at least a year of accumulation, it means that a new all time high is inbound.
I believe gold will drop as equities rally more. I think that when equities start to dump, this time gold will go up, because it will drag in goldbugs and ancap types who think the dollar is on the way out and the gold standard is coming back.
After you buy their bags at $1,900, gold will be crushed and you'll buy high and sell back low.
Note that in terms of Commitments of Traders , although commercials are their most long they've been in three years, they're still not net long. You won't see them be net long until the $1,300s.
But before then, we should see Gold mimic the patterns of silver , because more selling is in store.
A final word: The biggest market risk right now is not the Federal Reserve , or a recession. Neither is it Credit Suisse collapsing. A lot of things are going to go up, and may even go up a lot (Don't believe it? Take a look at what the Dow Jones just did. Some components made a new all time high in the middle of your "Hawkish Federal Reserve" and your "recession.").
The greatest market risk is that the Chinese Communist Party will either collapse internally or be thrown away by "Emperor" Xi Jinping as he, and the nation of China, struggle to survive what is happening.
When that day happens, 20% days down on the indexes are going to come and there won't be any bounces.
Wall Street won't be in such a mood to market make anymore, because all their collusion with the Chinese Communist Party and their implicit passive and active support of the organ harvesting persecution of Falun Gong will have many of their members scuttle into hiding.
Just wait and see. Nobody thought the USSR would ever fall, and yet, it did. Overnight.
Tl; dr Gold --> $1,500 with little upside in between. This is a bear trap.
Then big bounce to $1,850. But the big bounce is a bull trap.
GOLD TRADING IDEA 21 NOVEMBER Trade idea gold 21 November.
- Optimistic numbers of retail sales pushed dollar higher with further hawkish remarks from Fed speakers did not let dollar to break below weekly support and demand zone at 106, keeping it stable for now,
This week over some PMI focus and economic overall US data, there is Fed meeting minutes that will give us better indication on whether they are still keeping their tone hawkish or dovish. 50 BPS point is being priced in,
-Chicago Fed National activity index today looking for the same number as previous.
After a strong impulsive upside move, buyers were in control till price reached 1780 where is present a lot of sell orders waiting to be activated. Buyers started to fade out, and more sellers jump back in to provide that exit liquidity and now currently on its way to revisit 1730.
We’ll be looking to play a continuation of the bearish structure.
Trade set-ups for today.
Pullback 1756 - 54 sell
Deeper pullback to 1763-64 is sell zone
Break and back test below 1747 is sell zone
Buy breakout only above 1172-73.
Sell at previous buyer's exhaustion zone 1784-1785.
GOLD TRADING IDEA.Yesterday we had pretty mixed data with bettter than expected unemployment claims indicating solid labor market and really bad Philadelphia data, but the labor market hold much weight alongside some hawkish Fed speakers
This week overall we had slower slower volume and volatility after break of 1730 we saw shift in market structure.
Overall we are still bullish bias in higher time frame,
but this week we can see exhaustion by buyers and not enough fundamental catalyst to move gold upside and continuous rejection from key level 1783-1785.
We wouldn't prefer to jump in higher time frame gold buy unless we are breaking above 1774.
Trade setup for today.
Back test to 1755-56 will be a buy opportunity.
deeper pullback to 1747 is another buy opportunity,
break above 1766 key level is buy, Safe buy above 1771.
on sellers side a deeper pullback to 1782-1784 level forming double top is a sell opportunity,
Any move below 1744 is sell opportunity after confirmation in lower time frame.
Gold will stall/revert to near $1708 before moving higherI know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk.
The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for.
But, the move upward from these levels is going to be staggered/legged by bullish and bearish price waves - just like price always advances or declines.
The peak for this current move is very near the current highs ($1780).
I'm here to tell you I expect Gold to retrace to levels near $1705~1709 where it will establish a base for the next advancing price trend (targeting $1920~1935).
Get ready. Everything I've been sharing with you over the past 2+ years related to broad market cycles is taking place.
The US Fed has inadvertently trapped foreign markets and speculative cryptos in a blackhole that may pull many into oblivion. I believe this inadvertent move will result in a "new normal" that may reflect a massive debt destruction phase.
Right now, it is too early to tell how this will all play out. But I do believe Gold/Silver are the global base of REAL VALUE going forward (as they have always been).
Follow my research.
Waiting for confirm $DJI, plus other positions, 50% cash nowNO GAP $DJI UP so what now?
Looks like there's still momentum, it's early in day
Yesterdays HANGING MAN is warning sign, NOT a reason to go short, let's see how day fares
Waiting for CONFIRMATION
$ATVI is our largest position, rolled 1/2 $TWTR $ there
$BHP
#GOLD #SILVER
Bought $VZ last week
Own $INTC @ 28
$AMC last week
Still have trailer $LEU
Still hodl $CLX $MPLX $KHC
Cash in major account is 50%
In others it's bit less
No "day trading/aggressive" $ used
Bitcoin and cryptos - time to bail? too late? safe haven?This custom chart that I post periodically continues to have excellent TA.
Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed.
The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos.
BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years.
So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals.
But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;)
Good luck out there everyone!
Gold could skyrocket higher in NovemberGold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety.
Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move.
As traders suddenly realize the undervalued metals prices have not adjusted to the global risk factors associate with a US 5% FFR (creating global economic concerns), I believe precious metals may move sharply higher (very quickly).
The Fed is on a mission and may prompt a massive global contraction as excesses and risks continue to elevate. Just like in 2004~08, precious metals drifted higher until the crisis event in 2008-09. Then, after a brief contraction, metals skyrocketed more than 85% higher over 2.5 years.
We may be at the start of a 150% rally in gold (or more). Stay tuned.
Follow my research
Euro Crashed Against The Dollar, Continuing its Bearish trend?Hello Fellow Global Forex Investor/Trader, Here's a Technical outlook on EURUSD!
Technical Analysis
EUR/USD is clearly moving in a bearish continuation trend. The price also created a breakout on a rising wedge pattern, indicating a potential bearish bias ahead. The MACD indicator starts creating a death cross, confirming the possible downward movement ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the EURUSD"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Are Precious Metals Finally Reacting To Fed Fear?Myself, like many others, continue to believe Precious Metals (#gold & #silver) are about to enter a very explosive price phase. The past 12+ months have seen Gold rally after COVID, then enter an extended decline phase as the speculative bubble distracted everyone from core value. Now that the Fed and GCBs are dancing around rate increases, higher inflation, and consumer demands, will Precious Metals shift direction and start a new up trend?
Time will tell, but this recent Double-Bottom in Gold certainly looks promising.
I'm still cautiously optimistic the past 10+ years of extremely easy money policies will setup a huge rally phase in Metals. Near Dec 2019, my main cycle system moved into a Depreciation cycle phase. That means we have until 2029+ for this cycle to continue to unwind. Remember that is still 6~7+ years from now.
The unwinding phase will be very similar to the 2000~2009 Depreciation phase - sideways trends with extreme volatility.
I expect a slow melt upward over the next 3+ years, eventually extending into a parabolic upward price trend (increasing in speed and volatility as we near 2028~29).
This recent BASE ($1690) will probably turn into a very strong decades-long base/support.
We've never been anywhere close to what is happening in the US/Global markets before. But I'm here to tell you the real fun start after 2026~27. Until then, the global markets are shifting in structure, attempting to find support - just like what happened near 1997~2001.
Get ready for another 5+ years of big volatility and trends.
Follow my research. Don't miss these huge trends.
ATLX PARABOLIC GROWTH CURVE IN PLAY TARGET $36 ATLX formerly known as BMIX is in this parabolic growth curve. Volume has been increasing steadily over the past year or so, lots of buying happening from what I see. I think this stock has a lot of potential. This is a great cheap entry point in my opinion. Also ATLX has acquired some land right next to Sigma Lithium Corp. which stock is valued at almost $40. This is not trading or financial advice this is just my opinion. Thank you and if you appreciate this content please give me a boost and follow for more updates.
SILVER buy longAsking about silver investment it would be the safest investment in the next few years were talking about next 5 years almost to know that silver will perform better then others metals since its been a long time that silver was being a sleeping giante and next years we will see silver at lvls we never saw before . invest your dollars in silver and thank me later
Stronger U.S Dollar Weaken Other Currencies, Long USD/CAD?Hello Fellow Global Forex Trader/Investor, Here's a Technical outlook on USDCAD!
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Chart Perspective
USDCAD has rebounded in the Classic support area. Simultaneously, The USDCAD is broken out of the bullish continuation pattern ( Falling Wedge ). Furthermore, The MACD Indicator starts making a golden cross, it signifies the potential bullish movement ahead to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the U.S. Dollar"
Silver & Gold. Long? Short?Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops.
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
Despite strong headwinds, there are many tailwinds as well that will lead many commodities prices higher such as, the clean transition, & the dollar (usd) devaluing.
Chart:
FED FUNDS Rate = Blue Line
Gold, Silver & Expensive StocksThis is a monthly chart of the DJI / Gold, going back as far as possible. It shows how many ounces of gold it takes to buy 1 "share" of the Dow Jones Index. I chose Gold instead of Silver because it's easier to conceptualize since the numbers are smaller.
For indicators, I've included the following:
- Shiller P/E
- US Interest Rates - data going back to 1980
- Gold/Silver ratio
The yellow declining lines on the graph indicate preiods where the stock market dropped in comparison to Gold (it takes fewer ounces of gold to buy 1 "share" of the DJI). In these times, you'd have hopefully sold stocks at the peak of the yellow line and exchanged all stocks for gold. When the yellow line bottomed on the chart, you'd ideally sell your gold for stocks. The "reasons" underlying these moments in time are in the indicators below - tied to either high Shiller P/E (1929, 2000) or rising interest rates (1980).
The purpose of this chart is to show a few things:
- Stocks have been expensive for a while due to easy monetary policy with QE (Shiller P/E bottomed in the 2008 crash). And we're still historically high (even despite coming down from the 2021 craze).
- Silver is cheap relative to Gold (Gold / Silver ratio of 90:1) and Gold is "historically" cheap relative to the DJI, making silver one of my favorite investments right now.
Thesis: While this is by no means is a prediction, I anticipate rates will stay elevated but not higher than 5% in the next several years. I think we'll see some more rotation out of stocks with unwinding of easy monetary policy. Inflation is still high and we could see stagflation come in. Ultimately, it's possible this is the start of another Gold/Silver supercycle (similar to 2000-2011). In short, no assets look truly attractive and we could be looking at a sidways market over the next 5 years. Personally, I like Gold and Silver over the alternatives for now.
One thing is for sure, get your popcorn ready.
Good luck everyone.
- C
$GOLD $SILVER $GOLDSILVER $DJI $SPY
This is not financial advice.
Commodities ALUMINIUM Short Trade Thirty Minutes Time Frame30MTF
Short
Indicatrors: Bollinger bands , 200EMA , RSI
Bollinger bands 20Moving average rejection
Price closed below 200EMA
RSI Below 40
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels.
Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment
purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your
financial advisor before trading.
Please do review, analyse and share your comments as well. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
Disclaimer: I have analysed the data based on my limited knowledge.