Get started

Preciousmetal

#PAXG/BTC 3D (Binance) Descending wedge on supportPax Gold printed a dragonfly doji and looks ready for mid-term recovery towards 50MA, in sats. ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 13.1% Current Price: 0.05392 Entry Targets: 1) 0.05301 Take-Profit Targets: 1) 0.06309 Stop Targets: 1) 0.04897 Published By: @Zblaba LSE:PAXG BINANCE:PAXGBTC TVC:XAU TVC:GOLD paxos.com/paxgold Risk/Reward= 1:2.5 Expected Profit= +19.0% Possible Loss= -7.6% Estimated Gaintime= 2-3 months
Long
by TradingOn
Gold Rush with AI: Is a Bullish Trend broken?Dear Esteemed TradingView Members, I n the intricate dance of financial markets, recent analytics hinted at a potential dip in Gold prices towards the next support zone, resting delicately around the current trendline and $1920. In a broader view of gold, the prevailing trend remains steadfastly bullish. The recent descent, therefore, wasn't a harbinger of a bearish trend but rather a retracement within the overarching bullish narrative. Retracements, akin to ripples in a vast river, move against the current without altering its course. I n this light, the bullish trajectory of Gold persists, despite the transient shadow of bearish developments. The true nature of this episode—whether a mere retracement within a bullish trajectory or the inception of a bearish divergence—might unveil itself by the first quarter of 2024. For those inclined towards the former, signs may include ascending RSI values, dwindling volume bars, and price actions hovering modestly above the demand zone. H owever, should this unfold as a pivot towards a bearish trajectory, anticipate a descent where RSI mirrors the fall in price, breaching the demand zone, and volume maintains its pressure at a consistent or escalating level? While my inclination leans towards the bullish scenario, it's imperative to remain vigilant of the alternate narrative. N avigating the dynamic terrain of financial markets involves intuition and a judicious blend of analytical prowess and cutting-edge tools. In my recent analysis, I utilized Gradient Boosting Machines (GBMs) to sculpt the contours of my demand zone, adding a layer of sophistication to the predictive landscape. So, what are GBMs? G radient Boosting Machines stand as a formidable force in machine learning. A distinguished member of the ensemble learning family, GBMs artfully weave together multiple decision trees, harmonizing their collective insights to refine predictions. While their computational prowess is undeniable, it's worth noting that GBMs tread on the more resource-intensive side, making them a powerful yet demanding ally in the quest for accuracy. A dvantages of GBMs include the capacity to attain high accuracy levels and tackle intricately woven datasets with finesse. However, this prowess comes at a cost—GBMs can be computationally demanding during the training phase and exhibit sensitivity to the choice of hyperparameters. I n tandem with GBMs, my analysis delves into the nuanced language of financial indicators, such as the Relative Strength Index (RSI) and volume. RSI, a stalwart in technical analytics, gauges the magnitude of recent price changes, offering insights into the overbought or oversold nature of an asset. Volume is the heartbeat of market movements, signaling the intensity and sustainability of price shifts. T ogether, these tools form a symphony of insights, guiding us through the intricate dance of market dynamics. As always, this isn't investment advice but a shared exploration of market intricacies. Your funds are your responsibility, and understanding the tools at your disposal empowers you in this journey. It isn't investment advice but a nudge to delve into your research. Your funds are your responsibility—handle them with care. Embrace risk-management strategies, explore available safety nets, and prioritize the preservation of funds over fleeting gains. Warm regards, Ely
TVC:GOLDLong
by Elysian_Mind
2
Gold Rush with AI: Analyzing a Bullish TrendIntroduction G old has always been an intriguing asset for investors, often seen as a store of value and a hedge against economic uncertainty. In this analysis, we take a closer look at a chart showing the price of Gold (OZ) on the Gold-USD market compared to USD ($) to identify trends and potential scenarios for gold's future price movement. So, let's dive into the chart and explore the dynamics of the Gold market. Bullish Momentum T he chart reveals a powerful bullish trend in the Gold market, culminating in a local bullish double top pattern on October 27 and October 31, with the price reaching around $2010. This bullish momentum signals a robust demand for gold, driven by various factors like geopolitical tensions and economic uncertainty. A Double Top Formation T he double top formation represents a potential turning point in the market. While there are no immediate signs of a bearish reversal, the double top could trigger a consolidation phase. This consolidation might occur within the price range of $1952 (support line) to $2010, forming a support zone indicated by the blue rectangle on the chart. T he consolidation period is depicted by the white arrow on the chart and could extend until December. This consolidation isn't necessarily a sign of weakness but can be seen as a sign of increasing investor interest and strengthened buying power. Investor Opportunity A prolonged consolidation provides an opportunity for both new and existing investors to consider buying into the market. It allows gold to gather sufficient funding, and as long as the investor sentiment remains positive, there's a chance that the price could break the resistance zone (purple rectangle on the chart) between $2002 and $2010. Further Upside Potential E ven if the price breaks through this resistance zone, it doesn't necessarily mark the end of the bullish trend. It could trigger further consolidation or higher resistance zones as potential targets. The next significant resistance zone to watch out for is between $2055 and $2065. Bearish Concerns H owever, if gold falls from the support zone, it raises doubts about the sustainability of the bullish trend. In such a scenario, the next support zone could be around $1904, where a possible bearish reversal might be considered. Volume and Investor Sentiment A part from price and technical indicators, the chart analysis also considers trading volume. In October and November, the volume has been consistently high, suggesting a global need for diversification with gold in portfolios containing indices and other assets. Investors continue to view gold as a valuable precious metal for diversifying complex portfolios, particularly in uncertain economic times. Key Drivers for Gold Investment S everal factors are driving investor sentiment towards gold. These include concerns about high inflation in national currencies, increasing oil prices, ongoing geopolitical conflicts, and the long-standing belief that gold tends to rise during times of war. Conclusion W hile this analysis provides insights into the current gold market trends, it's essential to remember that investing in gold is a long-term strategy. The precious metal serves as a hedge in complex portfolios and aims for long-term appreciation rather than fast gains. P lease note that this analysis is not investment advice, and historic results do not guarantee future results. Always conduct your research and consider various safety measures when making investment decisions. Kind regards, Ely Disclaimer: This content is for informational purposes only and does not constitute investment advice or an endorsement of any specific investment. Trading involves substantial risk and is not suitable for every investor. You should carefully consider your financial situation and consult with your financial advisor before making investment decisions.
TVC:GOLDLong
by Elysian_Mind
15
SILVER, Trading In Formation That Will Determine The Outcome!Hello Traders Investors And Community, Welcome to this analysis where we are looking at SILVER 12-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how possible outcomes can confirm in the structure SILVER is forming at the moment. Since the bearish breakdowns seen in the important precious metals, they are mingling and ready to set up further continued volatility in the range, therefore it is a meaningful question in which direction this upcoming increase in volatility will lead and if SILVER manages to establish the bullish pace it has seen before or the bearishness will continue to the downside, I detected how these outcomes can confirm in the structure and it is highly important that we wait on the proper confirmation here before deciding the final direction and in the end of the day place the trade accordingly into this right direction. Looking at my chart you can watch there this huge triangular-cluster-formation SILVER is building up here where the upper boundary builds the origin of the descending-channel marked in grey and the lower boundary the origin for the ascending-channel marked in my chart. Furthermore, we see declining volume and volatility which is indicating a shift and increase in volatility sooner or later, when going more into the smaller perspective SILVER has still this huge bearish engulfing candle formed and it has the strong resistance layers in the structure this is why the pull-back here may not yet end for now and should be more expected as the bullish breakout to the upside, nevertheless, it is smart to wait on the proper confirmation here before going into the direction coming up with a consistent entry setup to take advantage of. When considering the bearish case the price has to move below the lower boundary and close there, the best would be then a pull-back to the lower boundary which will confirm further bearishness, after that established the price needs to cross below the 60-EMA in blue then bearish pressure will continue to the downside, on the contrary, bullish side the breakout may not be that strong and the possibility for a fake breakout is higher than in the bearish case, in this scenario the price needs to form strong bullish action above the higher boundary and stay there to not fall below again, either case can be traded properly after confirmation which should be the recommended trade-entry here, the immediate entry is also possible however it would not show that strong set up which shows up after a consistent confirmation. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
TVC:SILVER
by VincePrince
7
GOLD, Moving In The Decisive Triangle-Formation!Hi my friends, Welcome to the analysis we are looking at the 12-Hour GOLD timeframe perspective, the recent events, the current formation forming, what we can expect the next times, and how to distinguish the possible scenarios lying in front of us in the GOLD chart. Since GOLD established the heavy breakdowns to the downside before the stock market and other assets it was an early runner in the market, the established bearishness was heavy and it marked a swift paradigm shift, in this case, we need to contemplate how and when the bearishness follows and if there can be a stabilization or not, in this case, I detected the important levels we should consider now to anticipate GOLD next outcomes. Looking at my chart you can watch there this huge descending-triangle-formation marked the upper and lower boundary in blue, furthermore GOLD is building a logical wave-count within this triangle where it is currently forming the minor waves of the major wave E which is the final wave in the wave-count, this wave can possibly complete the wave-count and be the origin of a short-entry when it completed and bearishness sets in, it is important how this bearishness establishes when it is a heavy bearishness with high volatility the descending-triangle will highly likely break out to the downside as it is marked in my chart, GOLD will visit exceptionally lower levels then. Overall GOLD has higher potential to complete this formation bearish to the downside, there is however a smaller percentage than it moves to the upside, in this case, it is very important to look on the volatility with which the bearish bounce establishes and if the lower boundary holds or not, the next times will show how GOLD will develop here and with which volatility in the range, compared to the other assets like stocks GOLD had established the bearish moves faster playing into the theory that GOLD anticipating the stock-market-movements, nevertheless the bearishness should not be ignored that we do not get overwhelmed when the next leg to the downside sets up. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
21
Gold Epic Bull RunGold has been in the ascending channel since the second half of 2022. We have seen 2 small falling channel formations within this huge channel and we are currently experiencing the 3rd falling channel formation. We can understand that we have come to the end of this small falling channel, so we have come to the support of the rising channel. The rejection of gold from these levels will indicate that it is entering a potential bull run. As we can analyze from the Fibonacci time zone indicator, this run has the potential to continue until mid-July. Breaking the ascending channel and falling below the $1900 level will invalidate this analysis and stop it.
OANDA:XAUUSDLong
by YavuzAkbay
$PAXG/USDT 1D (#Bybit) Rising wedge breakdown and retestPaxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support. ⚡️⚡️ #PAXG/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (12.0X) Amount: 8.6% Current Price: 2010 Entry Targets: 1) 2023 Take-Profit Targets: 1) 1945 Stop Targets: 1) 2062 Published By: @Zblaba LSE:PAXG #PAXGUSDT #Paxos #Gold #PaxGold #XAU #PreciousMetal paxos.com Risk/Reward= 1:2 Expected Profit= +46.3% Possible Loss= -23.1% Estimated Gaintime= 3-4 weeks
Short
by TradingOn
4
$PAXG/BTC 2D (#Binance) Ascending wedge on supportPaxos Gold suddenly pulled back to 100EMA and RSI looks oversold, a bounce seems likely. This is obviously due to Bitcoin recent recovery, let's hedge our Satoshi bag here! ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: KuCoin, Binance Signal Type: Regular (Long) Amount: 12.4% Current Price: 0.08973 Entry Targets: 1) 0.08915 Take-Profit Targets: 1) 0.09987 Stop Targets: 1) 0.08198 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +12.0% Possible Loss= -8.0%
Long
by TradingOn
2
The Gold Odyssey - a different story emergesPreviously, since Donald Trump started the US-China trade war, Gold has been on a clear trend forming a Cup & Handle pattern in the weekly chart. This was covered in earlier posts with decent accuracy, until recently. It appears that the Gold volatility is significantly heightened, to the extent that the the Handle may have been broken. The weekly Gold chart shows many recent support failures, especially since April 2022. The past week appears to have failed breaking above the weekly 55EMA, and clocked a long bearish marubozu-like bearish candle that closed below the support range. Although the technical indicators are still looking somewhat less bearish, the weeks to come look bad for Gold really. The daily chart shows similar patterns of breakdown, with a resistance failure, from a lower high that came from a Bearish Engulfing pattern. This followed through for the week where the 55EMA was again broken down. Technical indicators appear bearish too, especially with the MACD crossing under zero. Gold is not going to do well for a while, so listen to what the charts are saying... very clear bearish message. Look for 1700.
COMEX:GC1!Short
by Auguraltrader
GOLD: 1M Chart Review with price targetHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Gold price. Gold had a local double top formation and it seems that on a macro level it formed a double top as well. Looking at the overall economy, Gold has a strong possibility of heading down. The Fibonacci Retracement shows price coming down to the 0.236 level where this is major support with prior price action. That would be a price of around $1,100-$1,400 range. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:GOLD
by MillionaireEconomics
3
Gold Price: Daily Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold. The chart is self-explanatory. If the price does not hold the multi-year support line, expect downward pressure to test the bottom end of the descending broadening wedge as well as the re-test of the descending parallel channel. The price has made multiple attempts to break out of the 0.786 Fibonacci Retracement level but has failed so far. It may make another attempt if the price is supported by the support trendline. Lastly, the overall multi-year pattern since August 2018 is an ascending broadening wedge which is bearish. Shown in the chart: Trend line, Support and Resistance Lines, Parallel Channel, Ascending Broadening Wedge, Descending Broadening Wedge, Bear Trap, Bull Trap, Breakout Zones, Fibonacci Retracement and Trend Analysis. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
TVC:GOLD
by MillionaireEconomics
2
Gold - XAUUSD is about to push above 2 000 USDTechnical and fundamental factors continue to push gold higher. At the moment, it trades around 1 995 USD/oz., just slightly below 2 000 USD price tag. We maintain a bullish stance on gold and we expect it to break above 2 000 USD and continue higher. Our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. DM+ and DM- show bullish conditions in the market with ADX rising. Overall, the daily time frame is very bullish for gold. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. Meanwhile, ADX shows that the bullish trend of a higher degree continues to strengthen. Overall, the weekly time frame is very bullish for XAUUSD. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
16
Gold miners ETF (GDX) taking off again!The Gold Miners ETF, GDX, as expected, launched itself after a small recoil. The Weekly chart key takeaway is that the MACD and RPM followed through, but better yet, this week saw the weekly candlestick to be in a rather bullish position, closing the week on a recent 9-month high. Fibonacci projections bring a 47.50 upside target in the following weeks. The Daily chart confirms the bullish indications similarly. Having bounced off an intermediate support, the technicals are turning bullish again as the strong close for the last day of the week encourages a breakout above 40.
AMEX:GDXLong
by Auguraltrader
7
Technical analysis update: XAUUSD (14th October 2021)Gold soared after inflation print yesterday. Today it broke above 1800 USD. Currently price is creating setup for inverted head and shoulders pattern which is very bullish development for XAUUSD. We continue to maintain bullish stance on gold and we expect eventual breakout above resistance that lies near 1840 USD pricetag. Our short-term price target of 1850 USD remains unchanged. Same applies to our medium-term price target of 1875 USD and to our long-term price target of 1900 USD. Technical analysis RSI, Stochastic and MACD are very bullish. Gold resumed its bullish trend as is implied by DM+ and DM-. However, trend is very weak at the moment. It is possible that gold will continue to move sideways for little longer before eventual breakout to the upside. We continue to be very bullish on gold and we expect new all time high over next 12 months. RSI: MACD: Stochastic: Support and resistance Short-term resistance appears around 1840 USD. This is very important price level and it coincides with neckline of forming inverted head and shoulders pattern (which would be validated if neckline was penetrated). Another strong resistance lies around 1916 USD. Major resistance sits at all time high of 2075 USD. Short-term support continues to rest at 1750 USD while major support appears near 1676 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
6
Technical analysis update: XAUUSD (4th October 2021)Inverted head and shoulders pattern we pointed out in the previous idea failed to be confirmed by breakout above the neckline. Thus, gold continues to be stuck between 1750 USD and 1835 USD pricetag as we correctly predicted over the summer. Trend remains neutral. But despite that we remain bullish on XAUUSD and we expect eventual resumption of uptrend. Unprecedented money printing, persisting inflation and inabillity of central banks to raise interest rates are supportive factors for higher price of gold. Our short-term price target is 1850 USD. Our medium-term price target is 1875 USD and our long-term price target is 1900 USD. Though, we are even more bullish than that and over next 12 months we expect gold to reach all time high. Previous idea with inverted head and shoulders pattern: Neckline failed to be penetrated and pattern became invalid as right shoulder is taking too long to form. Despite that resistance level that coincided with neckline continues to maintain its importance. Technical analysis - daily timeframe Trend continues to be neutral which is reflected in low value of ADX. RSI has bullish structure but MACD and Stochastic are neutral. DM+ and DM- are also neutral. We expect resumption of uptrend once resistance at 1835 USD was taken out. Support and resistance Short-term resistance sits at 1835 USD while short-term support sits at 1750 USD. Another important resistance sits at 1916 USD and then at 1965 USD. Major resistance lies at all time high of 2075 USD per ounce. Major support level appears at 1676 USD. Immediate support/resistance can be drawn by line connecting high from 1st June 2021 and 3rd September 2021 which is displayed below: Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
4
Precious Metal in playI have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious metals could be the next one. Today it certainly looks this way. I like Silver for its extra leverage and industrial utility over gold so I showcase Silvercorp Metal (SVM) is poised to breakout. Note that SVM has a lot of exposure to China so you need to consider this in your thesis. For me it is a double bonus as a lot of the fear surrounding China has already been discounted in my opinion. Technically we have a very nice head & shoulder bottom with a target in the $6.50 area and Fibonnaci extension between 6.05 & 6.63. I think $6.50 should be a minimum target. With a $0.30 stop from here and $1+ target from here, a 4:1 win loss ratio is very appealing to me. Assuming we do breakout from here within the next few days, we should see this target by the end of January 2022 Finally earning just came in so that potential adverse reaction is out of the way, paving the road for the next 91 days free of that obstacle. With disappointing earnings and such a strong positive reaction means the street isn’t bothered at all by the short coming of the actual result of Q $0.06A vs $0.10E I like my odds here!
TSX:SVMLong
by ZentraderDao