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Metal

XAUUSDI believe gold looks to start the week bearish before any further up moves. Supported by this reversal idea head and shoulders and using FIB for targets. Adding to this Idea I have a bullish setup showing on USDXXX pairs which may help drive this trade. I would be careful as this can be invalidated very easily due to everything going on with Russia, Pandemic & we have FOMC meeting this week where we will see how investors feel and I expect an unprecedented level of volatility which I will not be trading
OANDA:XAUUSDShort
by KaisMarket
2
The Commodity SUPER CYCLE is upon us!Hello All! This is a macro view of Commodities (Metal, Energy, Livestock & Meat and Agriculture). As you can see we have broken out of the falling wedge formation and we are pushing towards 4 main resistance levels. Commodities have not hit a new all time high since 2011 which was during the low of the housing market crash. These levels will be key economic indicators moving forwards into 2022 and beyond. Right now the upward trend has not broken, the levels to watch are posted on the chart. 1. Metals are forming long-term bullish patterns & recent high increase in inflation 2. Meat & Livestock prices have been rising (you can see this in the grocery store) due to Covid & other factors. 3. Gas & Coal have been rising bringing Electric higher. Energy crunch. 4. Energy & Fertilizer prices are increasing which in turn increases agriculture costs. Economic factors have been driving these prices higher across the board. This in-turn will increase the cost of living.
SP:SPGSCI
by GenesisGo