stuck between the 50(red) and 200(blue) day ema's a fair bit of high impact new's this week finishing with the nfp until were out of this zone im not trading gold nzd/cad about to hit first tp 0.883 +140pips gbp/aud in good profit usd/chf and eur/chf turning back in my favour for long
I think the dollar has some space to go down at this current moment... Look at the provided screenshot and see the correlation with your own eyes.
My 5-7 year outlook. Amazing fundamental and technical picture for precious metals and for the gold & silver mining companies. They are very undervalued relative to the underlying metals they mine and the fundamental picture gets better and better. They're growing cash flows and making very large margins of over 35% on average. Inflation is here and the Federal...
My 5-7 year outlook. Amazing fundamental and technical picture for precious metals and for the gold & silver mining companies
AMEX:GLD This looks like it could be setting up for a longer term trend. There is a lot of space ahead of us while the longer term bulls won out on the last important retest. Bearing in mind this is on a 2 day chart.
still short on on gold moved sl looks like the trend line has just been broke first tp 1818 second tp 1808 this one may come it may not im bullish on gold now so be looking for longs tomorrow if they come or next week
gone for a sell this morning expecting bullish moves later tp 1796-1790 killed it yesterday ill attach the gold posts
As the US 10-year yield has retested the 200-MA acting as a resistance, it is now highly likely to continue to move downward. Indeed, despite inflation fears, the current US deficits wouldn't allow significantly higher yields. Therefore, bonds holder are likely to get negative real yields for a long time. In such a setup, owning long-duration bonds seems to be...
Hi guys, After a well-deserved holiday, a week of acclimatising at home and adapting to current market dynamics, it's time to make some serious bucks from the market. First things first, I want to thank all my followers for following my trading adventure for over a year now. Now onto the meat and potatoes. What is happening in the market? It seems the market is...
Hey traders, Analyzing a price action on Gold I see two potential scenarios for next week. Bearish The price formed a head and shoulders pattern on 12h chart. 1790 - 1795 is its neckline. In case if the price breaks that and closes below, bearish continuation will be expected. Next support will be 1756 Bullish Do not forget that the price is still trading in...
What do we have on the gold chart? Let's look at the global picture! Gold updated the high of 2011, then corrected and found support at 1677$. It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also...
$DXY weekly deeper dive on momentum: we have a new rising channel since September last year. Bulls need to bust through purple strongly to negate a double top and FBO of the LONG descending channel from May 2018.
Gold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past...
Hey traders, Gold is retesting a recently broke major supply cluster. With a structure swap, it turned into a demand zone. On Monday pay close attention to 4h/1h intraday price action. I will look for a confirmation (reversal pattern formation within the zone) to buy the market. My goals will be: 1832/1844 In case of a bearish violation of the zone, though,...
If the 10 Year doesn't hold this technical support then expect it to go a lot lower.
Inflation fears are getting real yet there appears to be no sign of the money printing ending as a +3 trillion dollar budget agreement has been reached this week in the US, and the unbelievable rally in commodities since March of 2020 is a manifestation of this. Its been higher higher after higher high and it appears to be attempting to put in another lower high...
Comparing 3 large precious metals royalty companies and the VanEck Vectors Gold Miners UCITS ETF (GDX), shows how the Gold miners and large-cap royalty firms have a similar relationship within the market. Recently the price action in Vox Royalty has started to find that it too can benefit from a rising market and good news flow. In the past VOX Royalty has been a...