Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDUSD is breaking out of the descending broadening wedge pattern. The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential...
With rising inflation the price of anything is not likely to go down, especially inflation hedges like cryptos or precious metals. The question for the savvy investor, though, is which will increase faster by percentage? To help navigate this, I created this custom Precious Metals to Cryptos chart, with gold and silver representing PMs at their respective rations,...
Expecting USD strength to continue therefor i am treating any USD downside as a pullback. Monthly / Weekly / Daily / 4H Timeframes are all bullish Looking for an ABC correction down to the most recent structure, fib & trend line to continue the up trend
With many debating if the Fed (and other central banks) are behind the curve, precious metals are finding good flow and hedging activity. As we know, in a truly bullish environment for gold, silver, platinum and palladium, if the market sees the Fed as dangerously behind the curve, and not taking notice of the ever deeper negative real rates, the hedge is precious...
to me, this looks very bearish. Rising bearish wedge rejection with a spinning top bear candle to close the day. If you go back to 2018, you can draw a pivot line, or important level that also played a part in the rejection.
Good profit since yesterday. More trade ideas, where to trade from, how much we have made today etc.
The gold chart is setting up a beautiful cup and handle since 2011. The target is around $3700 for the measured move of the cup but I dont think it will stop there, I think it will probably continue to run up for years. Indicators on the monthly are about to tear upward in a big move. Gold luck and happy trading. Thank you for checking out my charts and if you...
The price finally managed to break the 1835$ resistance ! With the announcement of statistics and news , the price increased by more than 400 pips and is currently trading in the 1860$ price range . In order to continue the upward trend, we have to wait for the stabilization above the $ 1835 level ... Follow our other analysis & Feel free to ask any questions you...
Hello Enthusiast Forex Traders! Here's long-term outlook for EURJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) EURJPY is breaking out of the falling wedge pattern.The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential bullish trend...
Boomers finally catching onto the inflation news through their internet explorer. Wouldn't underestimate the power of boomer money.
I have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious...
And so, GOLD, like the entire market, expects NFP. Today, it is very difficult to take a certain side (buyers / sellers). It is necessary to wait for the news data and see how the market will react to them. In general, the bullish momentum may develop further after breaking the 1806 level. Remember, there is no place for luck in trading - only strategy! Thanks...
It's been a while since I have made any public posts on the markets, so I thought I would share my outlook. A lot of people are focusing on inflation, which is a reality. Though, many are forgetting the deflationary spikes and liquidity issues that come as things charge higher. I think in the Ultra Macro we are in a 1926 or 2006 type situation. Everything is...
Vox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for...
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I firmly believe that we should soon see a correction deeper than the one we recently had which began at the start of September. The chart suggests that after finally breaking out of the bear wedge; which began at the start of the lows of the correction in March 2020, we are now witnessing what looks like to be a retest of that bear wedge. With the addition of...
Here's a potential path ahead for the VIX indicator in the shape of the handle on a cup which began being built back in early May 21' (as shown in the graph below. $SPX overbought with a strong negative RSI divergence. My intial target is the 24 - 26.5 range, but if it were to break out I might reassess.
Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation Dxy Is added as...