Hello traders, Gold has continued a consolidation pattern for a number of weeks which is quite common in commodities; commodities never go straight-up forever. On the technical front, according to my work, Wave 3 halted in Gold just over the mid-point between 1.618 and 2.618 - this is a very common region for Wave 3s to end, not only in Gold but also in the...
$DXY Current price: $93.27 . Target price: $90.5 . Stop price: $93.52. Great that this is a strong long zone for equities and commodities. Much more comfort if $DXY is below $93.20, but still highly likely just more risky at current price. If stop is taken out interest is cut to 0 in any play against the dollar. If this count is accurate I'd expect Gold/Silver +...
The Gold and Silver ratio, may extend one final leg higher before continuing trend down
As simple as it gets. The most important support levels and where the price is sitting... I'll leave it all in your imagination as the bottom half are not stocks, but assets that are showing signs of bullishness for the markets in general.
Same pattern from start to finish. Welcome the biggest stagflation in US history. All the technical, Trend and numbers are repeating the same way as Japan's crash during the early 90s.
The run is going to be for real imo.
Here I've market a Short Term Short on Gold offering 5 x RR to recent lows. Once the low is tagged we will be within a great buying zone for bullion in the form of physical #Gold and #Silver as well as revising Gold and silver mining stocks. Please see my other posts on a Silver miner i'm building my position into which i believe will see over a 60 x over coming...
PRELUDE NOTES: Bitcoin is currently $10,100 , and as of currently 9/8/2020 ... Most of the crypto and investment universe thinks Bitcoin is going to drop hard before it climbs up. That this $10,000 area won't hold. I was one of them. Everybody is calling for $9k or $8k and will completely miss their entry if they don't enter here within the next few days (maybe...
GOLD droping after DXY broke up the daily & weekly channels The instability arround the world & especially over USA elections in this actual moments, have resulted to an incetainty
Hello traders, Must of my view on Silver is similar to that of my recent post in Gold, thus, please view the related ideas for specific analysis across a multitude of PM's and indices and what people should expect. Silver is consolidating before a Wave 5 final leg up to the low 30s before an ABC correction that will last from the 2nd half of October, through...
This scenario will be approved by 1-2-3-4-5-A-B-C (1-2-3-4 clearly seen, will wait 5 (27.21 approx.) and A-B-C (26.80) - then will seek for entry point) at 5 minutes timeframe.
We likely had a false break out above 93 today and were ready to print a reversal candle. Federal Reserve to the rescue! Huge move in the last 15 minutes to close what looks like a continuation candle. We know that team bankster is doing its best to keep cryptos/pm's in check at any cost, and here's proof positive. With a Monday holiday and global demand sky...
Us10Y making a notable uptick this week, correlation remain positive.
A drop for USD in short-term is expected by the technicals (95%) The news are comming at 13:30 GMT+1 & also expected for a drop to USD (We will see anyway) (Update)
Another simple study of mine looking at the pressure point of the Gold/ Silver ratio. As you see since 1980s, every time GC/SI reaches the 0.5 Fibonacci retracement level, whether it is on a mini wave or hyper wave, the price rebounds strongly and for many years. If the current wave is mini or hyper it is up to you to decide and set your target accordingly but...
Nice opportunity here to re-enter gold longs again. I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma) Falling wedge as well on the 5 min charts Stop below the last swing low at 1900. As always while the long term...
DXY (USD index) on a very crucial area (90% bullish)