This is an update on the DXY analysis I've been posting about recently. In my last post I highlighted the fact that USD was losing ground on the DXY chart breaking out of its multiyear diamond pattern dating back to 2014. This diamond reversal pattern ultimately has targets of around $80 and the USD is now sitting at around $93-94. Since my last post there was a...
The dollar seems like it is about to make a reversal and bring all risk assets and metals down with it. Will be interesting to see.
IMO (see you guys at 12.1k or 11.5k) Best of luck.
The rally was successfully called (see posts below). Next Objective Around $2200-$2300/oz Gold and $33-35/oz Silver. Afterwards, an objective of $3000/oz Gold and $100/oz Silver.
Long AGQ - Huge breakout on Silver. This follows crypto and equities. Except silver is gaining so much more, it's about to break monthly wave bearishness, and it broke oput of a huge resistance line, which explains the MASSIVE increase in volume on the upside. AGQ is x2 or x3 leverage of silver, so be mindful how much you go long. I expect this to rise close to...
Gold has been moving up very nicely after breaking out of the quarterly squeeze (silver is also breaking out of a quarterly squeeze now). But the question is, where to from here? Higher...much higher... But in the near-term the outlook is a little bit more complex, so let's take a quick look at the yellow metal. As you can see we are fulfilling the multi-year...
The Gold to Silver ratio is now trading <80 from a high >127 perhaps a bit of consolidation work in the spread compression is in order.
With Gold clearly being outpaced by Silver since the lows in March, Magnelibra has decided that perhaps this ratio which is now sitting <80 may be in for a bit of consolidation work.
GOLD Current situation: Triangle pattern, Breakout so soon
Great time to lock in profits
Most likely Digital Gold (Bitcoin) will follow the latest Gold and Silver pump...
Nice swing trade i'd say. I really didn't pick up much and I didn't care, I just didn't want to get a lost so I took a small change to do a small change return.. No super hero thing, just a good placed trade. #InvestSmartWAAS #AvinoSilver #AvinoGold #TradeSafe AMEX:ASM
I have just published a chart for the Bitcoin Dominance, and it looks to be finding more resistance. A lot of people are watching that chart for clues for a Altseason. With that information I look to the main Bitcoin chart for more clues before taking any positions into any alt coins. I have highlighted a zone in green that could be a possible consolidation area....
#Gold Projections Week of 08022020 $gold $xauusd
Good afternoon to everyone in the trading community, We've recently seen a surge in markets across the globe in regards to bullish behavior in the markets. GOLD has reached new ATH, SILVER is sitting around $25 (huge potential), and if you pay attention to the crypto world you'd know BITCOIN was just listed as "money". This is what the community has been waiting...