Potential Narratives: 1. The Fed truly pauses and starts to ease, creating easier money conditions, money printing 2. Election year may be bullish for assets, metals have lagged 3. De-dollarizing theme globally is favorable for metals 4. More global conflicts potentially could cause more US debt, which favors metals 5. Weakness in the economy can cause metals to...
On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped,...
I expect a calm and stable week for gold. My weekly closing forecast is $2080-$2100. While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily. Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold. Gold is expected to reach $3000 in long term.
Bullish Pennant Pattern is formed on Gold Chart. Gold will soon exceed $2140 and silver $25.5. However, Silver is likely to break the 1-year Triangle Pattern. If 25.7 is broken, I expect that the price will reach 28 in short term. Gold is expected to reach $3000 and silver to $45 in long term.
The US #Dollar is trying to base on the daily charts, again. Not making calls until we feel sure, many times we're posting just to show what we see. We've mentioned many times that calls are CLEAR when they are made. Breaking under doesn't mean impending doom, look at June how it came back. However, that is NOT the norm! Usually a break turns that support level...
Our last few analysis on Silver have played our perfectly. We identified we were in a 335 flat correction and we caught the wave B move higher. We're expecting 5 subwaves for wave C and we've seen subwave 1 and 2. Looking for subwave 3 now. Trade Idea: - Watch for the next wave lower - Anticipating price to stay below the highs = stops go above the highs - No...
FOREXCOM:XAUUSD & FXOPEN:XAGUSD are at key Double Fib levels at the same time. We are also in a Change in Trend Window today and with a lot of things at extension levels and with Interest rates in the US coming out tonight its setting up for a volatile day. I hope this helps. Enjoy the day.
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
GOOD MORNING #GOLD is currently holding better than #Silver. Has the US #Dollar run stopped or will it find support soon? Out of all of these CRYPTOCAP:BTC has been the best recent performer, by a good amount. Keep an eye on strength (RSI), it's still weakening as it goes higher. However, $ flow has been increasing.
This week's spike on gold to ATH reminds me of silver back in 2021, when "over-crowded" bullish trade caused the opposite reaction. So on gold, can be very similar situation now, especially as a drop from ATH looks like an intraday impulse back to an important 2k area. Grega
Clearly seen on this chart is the cup and handle that lasted for 12 years and now we are going into a wave 3 of 3.
Since our call the US #Dollar has crumbled. In currency those are big moves. Yesterday we said that it looked as if TVC:DXY wanted to settle a bit. However, it was an unusual area for it to find a "bottom". It eventually reversed & went lower in the day. The yellow lines are more likely a target & will cause some sort of bounce when/if they reach...
I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again. Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade . That's when you know...
Gold continues to hold bullish structure, patterns and models, and so expecting further upside. Please check linked ideas for more context of this market. Thank you!
Independence Gold appears to be entering a W3:3 from my perspective . If this is correct we should see a substantial price appreciation coming soon as confirmation . The companies properties are located in BC and the Yukon so in good jurisdictions which is important to me as i try to minimize investments in mexico and south america . Their exploration efforts have...
💬 Description: Most likely, we should expect another upward impulse for the metal in the very near future (1-2 days). The resistance level of 1972.454 is currently a trigger for activating long-positions on the market, which largely includes the positions of current sellers, who will be forced to switch from selling to buying. This impulse will most likely pass...
The global financial landscape is a complex web of interconnected markets, where various commodities play pivotal roles in shaping economic trends. Two such commodities, gold and oil, often stand out due to their significance and influence on both the financial and geopolitical spheres. Despite their different applications and purposes, these commodities share an...
Preferred direction: SELL Comment: We also continue to consider sales in gold. On Friday, it is expected that after a slight consolidation, the metal will fall to the level of 1952; the level of 1938.915 is considered as the second target. Thank you for like and share your views!