GOLD AIMS HIGHERAfter a significant sell-off, we managed to find support at the 50% channel retracement, within the ascending channel, at the trendline, and in the golden pocket. I’m expecting a nice move up from here if this level holds
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Gold futures: possible path to $3k - down then upIt looks like wave 3 is about to reach its climax soon as EWO indicator shows Bearish divergence with the rising price.
Wave 4 down could drop to the valley of smaller wave 4 around $2,285 and touch the downside of very beautiful uptrend. It should stay above the top of wave 1 at $2,085 otherwise the wave count could be invalidated.
Wave 5 in commodities is usually extended, $3k target doesn't look impossible though.
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising wedge in blue.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting the previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The preciuos metal has 2090 as a critical levelHello traders and investors
As shown here on my chart gold if breaks its higher level (2090) it will reach TP1 around 2200 and TP2 2550. so 2090 it is the key of all blowups
Remember traders that i am not having a cristal ball predicting markets moves but i try to be more efficient and rational
Good luck
#Gold Longer-termAs the short-term picture becomes clearer, I'm revising the view for the next six months (first published on May 27).
The image below is based on the assumption of a larger rising wedge, which is dictated by the complexity of the moves observed since 2019, and specifically by what occurred in 2022-2023, which appears to be subwaves of WXY (double zigzags), which usually form 12345 waves of expanding or contracting diagonals.
I will reiterate that while the multi-year trend is up, I still see the next 6-8 months as extremely challenging for stocks, energy and precious metals.
#Gold Update #XAGUSD #XAUUSDJust like with Silver and Oil (see related ideas below) I expect an upward correction in Gold. However, since it is wave b it can easily turn to be a triangle or wxy combination (I indicated it as flat/triangle but can be flat/zigzag or flat/flat).
Watching. More details in Weekly Update.
#HEXUSD priced in #SilverCan you preserve your capital and earn #yield
The #crypto market still offers opportunities to do so.
Both #gold and Silver are undervalued on a historical basis, and provide places to hide capital during times of #economic uncertainty ... a neutral asset.
But #bitcoin the versus #gold debate will rage for the next decade ... owning both is a good hedge.
Which leads us to #Altcoins for your high risk capital allocation much like junior mining stocks.
Gold will continue to be shorted after the reboundInvestment is like a marathon. It doesn't care about temporary wins or losses, but depends on the final outcome and the growth after experience accumulation.Everyone who can write a story has an unbearable past, and everyone who makes a lot of money has a past that has gone through a lot of hardships.
On March 8, gold's short orders near 1823 successively took profit and left the market near 1813-1812, accurately seizing the profit margin of the retracement after the rebound.How to seize the opportunities in the gold market today.
From the perspective of technical analysis, we can see where the operating opportunities for gold are from the following points:
1.After Tuesday's plunge, there should be two types of trends on Wednesday. One is to continue the decline, and it must fall below the trend of 1810-1805 in order to continue the decline; the other is to stop the decline and rebound to correct, but the correction will not be very strong, and the pressure will be on the short-term top and bottom conversion pressure of 1820-1830, and then continue to oscillate.
2.Obviously, the second type of trend was followed on Wednesday. After stopping the decline, a small rebound was formed, which was obviously under pressure on the short-term top-bottom conversion pressure position 1820-1830 line, and the decline was supported by the 1810-1805 line, thus forming an inter-cell shock trend of 1805-1830.
3.Fluctuating trends between small zone, there are opportunities for long and short positions, but planned transactions are required in operation, otherwise they will be swept back and forth between small zone.
Currently on the 4-hour level map:
The stochastic indicator shows the golden fork, which supports the bullish gold market in the short term, but one thing to note is that although the gold price rebounded in the short term, the overall rebound high pressure has been shown, temporarily at the position of 1825; and the pressure position of the middle Bollinger band will gradually move down to the position of 1830.
Taken together, the operating idea in the short-term intraday period is to choose the idea of low absorption and high throwing in the range of 1810-1825.
In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
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SILVER Risky Short! Sell!
Hello,Traders!
SILVER made a breakout of the
Local horizontal level the retested it
And the price action looks somewhat bearish
So I think there is a high chance
To see a further move down
Towards the support level below
Sell!
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Silver's wicked Dragonfly DojiAfter, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart.
This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji:
✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not 100% necessary.
✅ The lower wick (shadow) is very long.
✅ The upper wick is absent or close to non-existing.
Looking at chart, all 3 boxes are checked perfectly but thats not always enough. We need confluence in order to reduce false signals. Trading a candlestick pattern alone can give poor results to your trades. Dojis pair well with volatility indicators such as Bollinger Bands or the ADX DI, when reacting to support, moving averages and even FIB levels.
If you put the 50MA on the chart you will notice that sellers pushed the price down into market structure where it held, and price action wicked back above the 50MA to close as support. Silver also found support on the lower Bollinger Band.
On a side note, Silver had closed 12 of the last 14 weekly candles as red but also printed a MASSIVE Bullish Engulfing candle on the weekly.
If the next candle closes below the low of the Dragonfly, this invalidates the signal.
When using the Dragonfly Doji to trade, enter at the close of the candle for confirmation, look for the next resistance level to take profit and move your stop loss up as the trade grows.
As stated in a previous post, I do not trade paper metals, I simply use the charts to try and time better entires to stack physical metals. Which I did at 18.65 :)
With the state of the market and economy, Pm's may be in for quite the rally once the world is willing to admit we are in a recession. Im stoked on this pattern and cant wait to see how the August candle closes.
Do you trade or stack silver?
Silver is in the buy zone. Reversal imminent.Silver has entered it's buy level of $17-18xx and as the wave pattern comes to the next wave, the price could dip down one last notch.
Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be mad.
No price targets as we need true price discovery... but $600 silver is not a meme.
The titanic has hit the iceberg and the life boats are in the water, rowing away while the general public remains on the titanic, drinking and socializing.
The titanic is the US Dollar and the life boats are precious metals but silver in particular.
GOLD Swing Analysis! Sell!
Hello,Traders!
GOLD was trading above the strong key level
But today the support got broken in a brutal way
Therefore we are bearish now
And will be waiting for the retest of the broken level
To go short on gold
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Vox Royalty to test C$2.15 $VOX $VOXCFWhen the TSX asks you to explain why there was a pick up in volume after you hired a known "pump and dump" firm, you have to wonder how that is going to reflect on the company.
Different message boards are full of investors or potential investors posting articles and youtube clips which describe the nefarious goings-on of the National Inflation Association (NIA), who Vox has agreed to pay $100k for a year's worth of promotion.
One damning article explains who NIA are:
National Inflation Association runs a website called inflation.us. According to their website they claim they are an organization dedicated to preparing Americans for hyperinflation and helping Americans survive and prosper in the upcoming hyperinflationary crisis. They try to create the image of legitimacy and professionalism. However, the site is actually set up as a type pump and dump operation. National Inflation Association typically recommends microcap stocks that trade on the NASDAQ with a low float. They will typically own a large position in a stock they are recommending and send out thousands of emails to their subscribers urging them to buy the stock they are recommending.
The National Inflation Association gained a huge following through a variety of their YouTube videos. The National Inflation Association is run mainly by two stock promoters: Gerard Adams and Jonathan Lebed.
Both of these guys run other websites where they get compensated thousands of dollars for profiling small companies and sending emails to investors urging investors to buy shares in it.
Gerard Adams operates the website WallStreetGrand(dot)com, an investor relations/stock promotion website that sends out stock alerts on penny stocks. Jonathan Lebed also runs his own stock promotion site lebed(dot)biz. Lebed gained national attention back in 2001 when the SEC accused him of fraudulently manipulating stocks in a pump and dump scheme when he was in his teens.
Vox Royalty Corp. has been on a promotional tour, meeting and greeting anyone who attended one of the many mining and investing conferences. They have also been using promoters like Crux Investor, Rich TV, Liberty & Finance, Ellis Martin and Proactive Investor.
Every time the Vox Corp. media machine went to work, the share price would stumble and fall. With many private investors are frustrated at the lack of dividends or value left over for PIs. "The recent deal probably makes economic sense for Vox, especially with the price calculated for the Vox shares issued in the payment but not sure how the market will appreciate their revenue mix with a significant percentage of revenue coming from 2 iron ore projects. Like the company more than I did yesterday but will watch from the sidelines for now. A little taken back by the 20% option plan, RSU's and PSU's seems excessive to me. Most companies are run with a 10% option plan. This management team does not leave much for the shareholders."
Looking at the sentiment of the PI's this stock is on its way lower.
Technically, the close below 61.8% from the lows of C$2.15 to the most recent significant high, now looks more likely that momentum is going to also drag this share price lower. Possibly below the C$2.15 level.
As much as I was hoping to see this share price rising based on the royalties and acquisitions over the next year or so, I am not going to pretend that fundamentals are going to beat sentiment and momentum. May be there will be a place lower to buy where the risks are a lot lower.
The Gold Odyssey - time to flyA quick note to say that as previously expected, the deep retrace happened, and had bottomed out. The last week closed with a bullish candle with a 5 week high close, that bounced off support from the weekly 55EMA, and broke out of the trendline resistance. Technical indicators have yet to turn around.
The daily chart shows Friday's surprise surge in Gold prices, closing on the recent weeks high. Thing is that the technicals are not yet very supportive of a rally, although there already are optimistic indications.
Gold is going up!
SILVER PRICE ACCUMULATION: BACK UP THE TRUCKRight now as I post this the Gold/Silver ratio is 83.95 times. This means that for 1 ounce of Gold, you'll get 83.95 ounces of silver, with Silver bringing 3 to 4x volatility. I love SILVER and have been accumulating now for the last 2 years.
I accumulate Silver to hedge against the dollar and to preserve my buying power in times of economic hardship. It is going to be my way to transfer wealth through a standard currency change which we could see sooner than later. We have been on the USD standard now for over 50 years. It is the longest reigning standard since the Bretton woods system, gold convertibility and the Gold standard that all preceded us.
I am sharing my BACK THE TRUCK up price. If the price goes down to this level, which I feel that it could and if it does, it'll be quick. I am going to be aggressively accumulating more metals.