Additional comparison with the MOVE index, a sister to the VIX which measures volatility in bonds (as opposed to the S&P500). The fed may be forced to control the yield curve, a move that many see as inevitable and generally, positively correlated with the precious metals' performance. I'll add to this thread as I learn more, interview with danielle dimartino...
Gold is trading on a strong daily support. Harmonic ABCD was formed. The price formed a nice dodji candle after a pattern completion. Based on that I expect to see a bullish move next week. Goals: 1811 1840
KEEP monitoring the DOLLAR and EURUSD price action. They will decide which Path (CYAN or YELLOW) is more LIKELY. A RISE in GOLD will support SILVER
Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle. At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long....
Gold seems to be making somewhat of a corrective flag. Waiting to see how price reaches 1835 zone and then will short depending on price action. First target would be the 1786..
A powerful upside move is just moments away. Easy to spot this as we could see higher lows and price staying above the 200-day moving average over long period of time (don't actually need any other indicators. $130 (3x) upside is just conservative if you plan to hold this for 6-12 months. I am adding this ETF to my portfolio.
1958, SEE THIS BEFORE THIS MONTH ENDS, HAND TIGHT. GOLD IS NEEDED FOR TECH, it IS Struggling TO GO DOWN. As I am writing this it is at 1836.94 and about to go high (hopefully). Job Claims worse and Markets going up. Crazy inflation at its finest.
TBX is a great exploration play. We should see a Gapclose soon. If we pullback or just move forward we will have to see.
Metals and crypto dont always go together... but Elon Musk kinda made sure they do at least in the current market theme! As you probably know, Tesla is investing heavy into BTC (Bitcoin) but the report also shows that they are planning to make investments in Gold bullion, ETFs and others... price is naturally going up on that fact, but not only! - We have clear...
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Mixed Gold & Silver:...
Price action in this consolidation... Double Busted Symmetrical Triangle? .. Bull Pennant? ... Bull Flag?... Complex Inverse Head and Shoulders? Whatever, whoever -is responsible for this incredibly sloppy price action (since reaching a new ATH) has NOT made forecasting these movements a very clear task.. Waiting for some significant volume to determine if...
Newmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.
As you can see in my related idea and on this chart - the smaller cycle perfectly caught the high and low in the recent three weeks. Now even though the longer term cycle turned down - looking at the price action I still think the smaller cycle being up will bring one more flush in precious metals. Recently we have observed a black swan event in the silver market...
What will the future of finance look like? In 2 years? In 5 years? In 10 years? What is the future global reserve currency? All assets globally, will be tokenized on a daily basis. It already happening! t.co I will be updating this weekly to stay up to date on market analysis. Especially keeping a focus on the correlation between these assets in the...
Gold testing a possible break out to the upside. Wait for confirmation or keep holding your positions from lower levels. Looking to test 1880