Preferred direction: BUY Comment: Despite the fact that gold is a more comfortable instrument for entering a long position among metals, long for silver is nevertheless considered. It should be noted that at the end of yesterday there were good hints of a long position. All that remains is to wait for the close above the level of 22.66582 (scenario №1). ...
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:55 AMEX:UNG Stock Forecast 07:08 USO Oil Stock Forecast 09:20 DXY US dollar Stock Forecast 10:54 Gold XAUUSD Stock Forecast 12:28 Silver XAGUSD
Preferred direction: BUY Comment: In the longer term, the euro continues to be viewed more in favor of the buyer. It should be noted the local strength of the US dollar and at the moment only the Canadian currency and metals can resist the US currency with the greatest effectiveness. Regarding EURUSD , we will consider two scenarios, where both...
Natural Gas Price Forecast | DXY Crude Oil XAUUSD XAGUSD 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:13 AMEX:UNG Stock Forecast 08:12 USO Oil Stock Forecast 10:01 DXY US dollar Stock Forecast 11:54 Gold XAUUSD Stock Forecast 13:04 Silver XAGUSD
Natural Gas, OIL Silver DXY Gold Price Forecast: Support & Resistance Guide 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 06:13 AMEX:UNG Stock Forecast 08:12 USO Oil Stock Forecast 10:01 DXY US dollar Stock Forecast 11:54 Gold XAUUSD Stock Forecast 13:04 Silver XAGUSD
In our last analysis, we identified that we were in a major correction and that we were in the final wave of the correction. We called for shorts mid December and price went on to make a massive move lower. We have now another opportunity to enter shorts for the final time. Where we have the arrows marked out, we can see a really interesting fractal. In July...
Good Morning Let's see how CRYPTOCAP:BTC handles this next resistance level. Currently it is above. Assets, not #Dollars! Where are can you put your hard earned $??? Into #equities with high PE's? Into #commercialrealestate? #BTC #Bitcoin #GOLD & #Silver as well as they have stood the test of time.
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries. This leads to the conclusion, that gold is sold and silver is bought. Silver and copper are...
There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to...
Preferred direction: SELL Comment: Before the Fed meeting, silver is still considered short, but at the moment there is no entry point. The best option would be to enter through pending orders before the Fed meeting. We highlight two login scenarios. The main one ( scenario №1 ) assumes entry after the formation of a false breakout at the level of 23.32250...
Preferred direction: SELL Comment: Further declines are also expected for silver. Previously, we indicated two options for a sell transaction on this instrument. And about the script now in work. The trade has already been moved to breakeven and even part of the profit has been fixed. At the moment, one can consider short-term trades also in the direction of...
Momentum at low levels and positive but weakened a bit in the last day. So there may be a few days of consolidation. Price in Descending Channel and it will be breakout if price reach to 2050 with volume. I don't expect a 70% retest of the 2005 level. Then gold will go towards the short-term target of 2130. Formed Patterns : Descending Channel Price Target...
Falling Wedge broke upwards and started major bullish trend on 4 hour chart. This week I expect a big rise in gold and downtrend on DXY to continue which is good for gold. Intermediate-term price target of 2427-2465 has been opened. Price Target in Intermediate-term (6 weeks-9 months) : $2427-2465 Price Target in Long Term (More than 9 months) : $3000 ...
I expect gold will cross 2135 high resistance zone and rise to 2200-2230 levels. Then continues uptrend after pulling back to 2135 levels which is the new strong support zone. 2019-2041 has been tested several times and there is a good support. Direction upward from here. I expect downtrend on DXY to continue which is good for gold. Formed Patterns : ...
Gold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down. Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator. Scenario 1 : Gold/Silver Ratio quickly goes...
Hammer pattern has formed in candlestick. Gold/Silver ratio is on top. Silver will most likely break its 665-days Triangle pattern. Now it is time to invest in Silver! Scenario : Silver will suddenly rise to 27-27.5 levels and begins consolidation at 25.7 levels. Price Target in Long Term : 44 Support Level : 23.56-23.77 Trend Power : Extremely Bullish ...
Let's keep looking at the US #Dollar again. Weekly, the RSI is still forming a Positive Divergence. Daily, TVC:DXY is also forming a Positive Divergence. It's also oversold. These are the 1st signs of a POSSIBLE turnaround for the currency. It's still early but those that are open to risk COULD initiate an opening position that could turn out interesting....
TVC:DXY Completely Destroyed the Major Support Level. Not sure it will be so easy to recuperate like last time. This feels and looks different. Now, unless they are forced to raise rates again, time will tell. The US #Dollar will likely break the 100 level & test 99. Positive RSI Divergence is on the rocks and that is the only decent looking thing in this...