SILVER / D : Nice indicator's confirmation may be coming todayHope this idea will inspire some of you !
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Phil
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Precious
[XAGUSD] Silver Short OpportunityBearish Harmonic identified. Price reached 0.886 retracement and is likely to reverse now as it is at the Potential Reversal Zone.
Stops at 16.2 which would invalidate the harmonic and allow for more upward movement.
Please use appropriate risk management and position sizing.
Enjoy :D
GOLD clear risk/reward setting up LONGHi 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 analysis.
I would love to hear your perspective in the comments below relating to Gold, please do your own research this is an asset we have spent a lot of time following and analyzing and we understand our risk to reward parameters for the trade.
Have a great weekend everyone!
The Rise of the Silver Surfer Part IIIMultiple 1-2 combinations will soon break out like a rocket. Buy anon & hodl physical!
In Venezuela you can buy food for 3-6 month with 1 oz of Silver and with 1 oz of gold you can buy a house.
Same situation in germany after world war.
At the moment there are over 43.000 applications where silver is used in chemistry, industry, healthcare and economy.
10 more applications are added every day. Silver is antibacterial so more and more stuff like clothes and
healthcare products are coated with silver.
Silver is the metal with the highest electrical and highest thermal conductivity of all metals.
So its used in every smartphone, computer, solar panel, car - in every electronical controlled device.
-> Silver is one of the first metals which is running out in 12-20 jears (depending of div. sources).
Nasa ist using colloidal silver as antibiotics for astronauts.
Gold Bull Move, with Short ScenarioGold in an upward channel. Measured move out of the consolidation would take us to top of the channel. So for this trade better to get entries as close as you can to lower trendline - then your risk is reduced as you're entering closer to a stop level.
Alternative scenario - if the upward trend breaks, then look for shorts from close to the rising trendline - could comfortably drop to 1260 even within the bullish trend since 2016.
TECHNICALS | Silver Breaking Down? After an improbable 13 down day streak, Silver is looking certain to break support. Originally GDX was leading the metals down, now the rest of the metals complex appear to be "catching down" as @mark_dow highlights. I have been short for some time as I prefer to sell highs when bearishly inclined, nevertheless, this could suggest a further extension... Which makes me wonder, perhaps this is related to Chinese flows and related fears about the credit quality of Anbang and HNA!?! Perhaps, I'm just reaching for causality here.
Gold looks heavy, expecting a sell-offFailure to breach the falling trend line adds credence to the bearish break from the rising channel seen earlier this week. This coupled with the head and shoulder pattern on the RSI suggests the metal is more likely than not to take out support around $1247 and test demand around $1240 levels ahead of the weekend.
Gold – Multiple Inv. Head and Shoulder breakout on weeklyGold weekly chart shows a bullish break from two inverse head and shoulder formations after Brexit vote followed by a rise to $1375 and a drop to inverse head and shoulder neckline support followed by a rebound of the same and a break above $1358 (61.8% Fibo extension).
The entire price action suggests we are heading towards $1400 handle by next month or so.
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The bullish view goes down well with the fact that August is usually a bad month for risk asset.
XAUUSD : Review on Various Bull Possiblities.Its been very evident that even the strongest bears went positive since BREXIT on Precious Metals for intermittent rally or pullback from the supercycles as we call.
Everybody would agree that 1300-1310 would serve as strong demand area and resistance from previous tops especially March 2015 highs. The breach woud open the gate to 12XX and bear would take thier chance to push down as much as possible it can. Probably 1250-1211 would be bears targeting for.
On current Daily Chart I see huge range play from 1300-1330 for next whole week and I believe this the last bear week and will make perfect Bull Flag on weekly. We have bottomed the STOCH and RSI hover around 48-50 on daily.
So Huge Sideways possible within range till 27 July, Yellen still might not give green signal to rate hikes in august as statisticians or Economists would treat previous two NFP data as Anomaolies and would wait for more evidence on job reports.
Dovish stand likely to induce rally in all PM and would again try to target previous tops and 1375-1390 Region. I have charted all bull possiblites, if not anyone of those being played, God help the bulls !! because it will dive down so hard that even bear has not imagine.
Good Luck for Next Week
Happy Trading.
And now palladiumAfter travelling on the overbought region for some time, it seems XPDUSD is now ready to retrace. We just touched the 0,618 angle of the fib speed resistance and already heading south. First target on 0,5 angle around 620's coinciding with last peak, and secondary on the 0,382 on the 600's. Wait for your signal and enjoy the short.
All precious metals are on this same trend. Check my idea on XPTUSD and watch how XAUUSD will follow this week.
Gold - increased odds of a bullish move today
Gold's sharp recovery from the low of $1320 supported by volumes at 4-day high on Thursday if followed by a move back above $1334 (upper end of the expanding channel) today would suggest the bearish momentum may have run of steam and could yield a recovery to $1348-1350 levels.
Meanwhile, a failure to take out/sustain $1334 could result in choppy to sideways action. Short-term loss of bearish momentum is seen on account of a sharp retreat this week from near $1380 levels.
Platinum sweet shortPlatinum is showing several signs of a peak to place a short with good risk/reward. The CCI is now re entering below 100 after travelling on a highly overbought region. Also, this peak coincides with the upper 0,5 line of the pitchfork. A first target on the lower 0,5 line around the same line of the 0,5 fib.
Thanks for your comments.
Gold - Bears appear in controlGold's retreat from 5-DMA in Asia coupled with bearish 5-DMA and 10-DMA crossover if followed by a day end closing inside the expanding channel formation would strengthen bears and open doors for a slide to $1300 levels over the next week.
On the higher side, failure to dip below upper end of the expanding channel could yield a re-test of 5-DMA of $1345, however, caution is advised since upticks are likely to be met with fresh offers.