XXX/USD: Bearish Gold & Silver: Slight Bullish (Precious metals are not so bearish anymore) XXX/JPY: Slight Bearish USD/XXX: Mixed (USD/CAD and USD/CHF are not in the same direction) Indexes: Mixed (US index and HK index are not in the same direction) BitCoin: Bearish (Hit our TP region already, Yea Baby!) DYODD and Trade Safe s0nic Disclaimer: The...
Hi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical...
XAUUSD bounced perfectly to reach our resistance target. We now see major resistance at 1304 (Fibonacci retracement, horizontal overlap resistance, descending resistance, Fibonacci extension, ichimoku cloud) and a strong reaction could occur at this level to push prices all the way down to major support at 1284 (Fibonacci extension, horizontal swing low...
Target .382 Fib level $94.84 until June 13th FOMC expected rate hike. RSI is not overbought yet. Barring any bad US economic data events, looks like $94.94 will be target this month. Looking for starter position into Gold stocks soon...
In my opinion usd/chf is looking quite positive here and i am expecting a breakout with good volume as all is good nice formation of base with market moving to the highs. It can go to as high as 1.10200. @Stop Loss would be at the red line marked on chart. USD/
Looks like Silver might have a leg up on Gold going into the future. Today silver is about $16/ounce. Gold is under $1300. I think as we move into this next macro global cycle expected to pop in 2020- we will see Silver outpace the Gold Market and this chart will move up and to the right. Stay Cryptic Ya'll. BK
t's no surprise given that $EURUSD and $FXY are all the way back as well.
XAUUSD is seeing major support above 1285 (Fibonacci retracement, fibonacci extension, bullish divergence) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 (Fibonacci retracement, fiubonacci extension, horizontal pullback resistance). Stochastic (55,5,3) also sees major support above 2.7% where a...
Gold / Silver ratio went from 100 to 30 in twenty years, a length of 70. Then, retraced back 80% up to 87 in 7.5 years. If next leg down to become as length as first leg (of length 70,) we'll reach Gold/Silver ratio 17.
We might be in the verge of a major breakout to new highs or a major resistance around 1340ish, keep eye!! My sentiment is bearish, will wait for a reversal pattern (if there is one) Cheers! Saludos !
Since silver and gold looks similar while the big indexes are about to fall, or do we bounce?
To me it looks like the precious metals may have some more work to do to the down side in the medium term (12/18 months?) The overall trend is still up (blue line)
Assuming 4% annual at 25k, YOY growth, and we have price target of around 55 000 Dow Jones in 20 years (2038) Dow measured in real commodities, like XAGUSD, and XAUUSD is very strong right now. One can interpret this chart two ways: First, measured in PM's the DOW has been in a downtrend since 1999 - 2000 and this rally is a in fact a bear market rally or ......
The idea is to short long term (this can mean 2 things, price of gold will fall faster than silver or price of silver xagusd will rise faster than gold xauusd) We can also see bearish div in RSI and AO. SL 84 tp 51 Good luck!!
Data from the London Bullion Market Association (LBMA) painted a fairly grim picture with a 15% fall in gold trading activity in February. Will recent global economic and market uncertainty have any effect on precious metals volumes and volatility? Trading Forex / CFDs is High Risk.