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GOLD-SILVER

DXY - Rising bearish wedge breakdown through resistance.Looking on the daily time frame, we can see that from fall of 2020, the DXY carved out a solid trend line that the price bumped up against several times before breaking through earlier this summer. However, the breakthrough created a rising wedge pattern which showed signs of breakdown friday of last week. Price action has since fallen through the rising wedge, providing a target in the 0.91 area. The price has also begun falling through the former resistance trend line. A weekly close today followed by confirmation at the end of the month could bring about a retest of DXY lows from the last 8 months.
TVC:DXYShort
by ehjreynolds
PALLADIUM - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow. Palladium is approaching around a support zone in green so we will be looking for buy setups. on H4: Palladium formed a valid trendline in orange but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. Trigger => Waiting for a momentum candle close above the last swing high in gray to buy. Meanwhile, until the buy is activated, Palladium would be overall bearish can still trade lower till 2500 before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYMEX:PA1!Long
by TheSignalyst
19
Quick Precious Metal UpdateXAU/USD – Weekly What a week! $1670 held again as support during the Monday morning flash crash (which was most probably driven by a large liquidation). The weekly candle looks ugly but in terms of the range and support level I talked about last month there is not big change in the bigger picture. For the patient traders who work with limit orders it was a good opportunity to get some long exposure. For the longs, $1670 needs to hold and for the more risk averse ones we need to see a break to the upside through the base line which comes in at around $1845. XAU/USD - Daily As mentioned in my previous month comment the dip enabled patient buyers to get some long exposure. Currently the price is sitting right at the large liquidity pool of $1750 and it probably will consolidate there for a while. Last week we quickly got tricked by the price pushing through the base line but then on Monday straight through it on the downside again. What remains is the confluence of the $1845 which seems to be the current resistance plus the upper end of the Ichimoku cloud. This is an important level for the bulls. I am expecting some buying momentum to come in if/when we break that level to the upside. The downside level to watch remains the $1670. XAU/USD – 4 hours Yeah… it looks ugly I have to agree. There is not much to add on this chart. It does not show any immediate trade setups. XAG/USD – Weekly In no mans land. We are between the two larger liquidity pools which I have drawn already last month. Both of my bullish pattern (the flat and the triangle) are out of scope now. No trade setup as long we are in the middle of the range. XAG/USD – Daily Pretty much the same story here. The $22 level shows some intermediate support but I would still wait till we are closer to either the upper or lower end of the range and then check for a potential trade setup. XAG/USD – 4 hours It is looking a bit clearer here in terms of bullish trade setups. We need to take out the $26 level before even thinking about any long positions. The downside is already covered by the range we defined on the daily chart. GDXJ – Weekly Many potential bullish patterns got erased with the Monday flash crash in Gold. Same here on the potential symmetrical triangle. The Ichimoku cloud is still bullish but the market sentiment does not feel bullish. $31.50 is the support level to watch. GDXJ – Daily Maybe we are in a downward moving channel and currently just sitting on the lower end of it. For the brave ones go long here with a target towards $47. But there is no clear stop, so I would rather play it as a 3-leg strategy to go long the first leg now. Place a second bid in the $37 region and the last one at around $33. Then you can place the stop just below the $31.50. Your target is in the region of $56. GDXJ – 4 hours No additional comments to make on the 4 hours chart I am afraid…
OANDA:XAUUSD
by Heussi
1
Detail Price Action Outlook on GOLD & SILVER Hello traders: Let's take a closer look into GOLD and SILVER. As we have seen some strong bearish moves from market opens this week, let's take a look at it from a technical, price action point of view. GOLD From my previous outlook on GOLD: Price indeed made a push down to the swing lows, which could be forming double bottoms. What we need to watch out for on the lower time frames to see if there's bullish reversal price action, followed by continuation correction for the buys. or If price manages to continue to drop lower than the previous swing lows, then expect the price to continue lower to the bottom of the HTF parallel channel structure, before a big reversal up move. SILVER Long Term Outlook on Silver: From my previous short term outlook on Silver: Similar developments like GOLD, we see price does push down to the previous swing lows as well. This is a good area to watch for price development as we could be forming a larger, deeper HTF continuation correction that may be at the bottom of potential reversal area. Alternatively, if price pushes down lower the previous swing lows, but moving in the corrective phase, then we can still expect the bullish reversal up move once correction completes. Any questions, comments or feedback please let me know. :) Thank you Jojo
OANDA:XAUUSD
by jojofang0901
41
New Listing for VOX RoyaltyFirst a video youtu.be Vox Commences Trading on OTCQX TORONTO, Aug. 10, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is pleased to announce that its common shares are now trading on the OTCQX® Best Market under the ticker symbol "VOXCF". The OTCQX Best Market is the highest market tier of OTC Markets on which more than 10,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. Vox's common shares will continue to trade on the TSX Venture Exchange under the symbol "VOX". The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade VOXCF. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. Vox is in the process of securing Depository Trust Company ("DTC") eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com "We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for new U.S. investors to invest in Vox and for our existing U.S. investors to continue trading," confirmed Kyle Floyd, the CEO of Vox. "This is yet another demonstration of the Company's commitment to building long term shareholder value in the U.S., Canada and internationally. Moreover, I believe that once the Company is DTC eligible, this will further improve our overall liquidity and help to accelerate the expansion of our shareholder base in North America over time."
V
by TH_Analysis
PLATINUM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. PLATINUM is sitting around strong support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: PLATINUM is forming a channel in orange but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, PLATINUM would be overall bearish can still trade lower till the 900.0 support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:PLATINUMLong
by TheSignalyst
18
GOLD - Purple War Zones!Hello everyone, if you like the idea, do not forget to support with a like and follow. GOLD is stuck inside a range in the shape of a channel as shown in blue. And it is currently sitting around the green support zone 1800.0 The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. (acting as non-horizontal support) As per my trading style: I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break, and so on...) Meanwhile, until a bullish reversal setup is activated, GOLD would be overall bearish and can still test the brown trendline from Daily before going up. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
24
Broke(n) - Operation Twisted & The Cocaine PhenomenaWhat brings about the Fear cycle? A loss in CONfidence. The TINA Argument has remained valid for sometime. It is axiomatic. Does one buy Binds with a 100% assurance of Negative Returns? You first. Does one protect their wealth in Bitcoin? No thank you, it is a trading Instrument with ZERO intrinsic Value relative to any price. Do Central Banks enjoy Competition? No... they permit it, but only to a point for a specific Agenda. Their Agenda should be obvious by now. Are they thinking about thinking about thinking about you and yours? No. Is BTC a Tier 1 Asser on the Federal Reserve's Balance Sheet? No. Will Bitcoin see increased regulation and taxation? Yes. Why has Gold not kept up with the expansion in the Monetary Base? It never has nor will it. Gold has a function, it is non-monetary for us mere mortals and will remain as such for eternity. Wanna strap on a Feed Bag @ Taco Bell - try paying at Drive-Thru with Gold. Money is no longer money, it is a delusional promise to repay all debts Public and Private - which ceased to be viable a very long time ago. There is far too much Debt to ever be repaid with Currency. What's left, the Largest Casino on the Face of the Planet - Capital Stocks: Bonds, Stocks and Real Estate. All at absurd Valuations. If you can't afford a home, buy stocks. If you believe Bonds are going to be left for dead one day, buy stocks. If you believe it will all fail, buy Gold, Silver, Crypto. Good luck as everyone losses a Hand in this complete disaster unfolding. Everyone.
FRED:GFDEBTNShort
by HK_L61