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Preciousmetals

XAUUSD- Precious metals wait for new signals from the FedHello everyone, World gold prices are stable, spot gold decreased by 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 per ounce, down $0.30 from the bright spot. The precious metals market was quiet at the beginning of the week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end on September 20 (USA) according to the Fed's decision and the report meeting of Fed Chairman Jerome Powell. Both bulls and bears expressed caution before considering the Fed's monetary policy in the near future. Technical chart on the H4 time frame, we can see that gold has peaked at 1936 and has declined slightly. It is likely that gold will return to 1924 and find a new milestone in the uptrend at 1950.
OANDA:XAUUSDShort
by AlselvSignals
2
Gold's next developmentsHello traders. What do you think about Gold? Currently gold is trading at 1927 USD. After receiving strong support at 1914 USD. Gold prices fell for the third straight day on Thursday. The drop comes as interest rates fall suggesting a significant decline may not be on the horizon at this point. However, in the short term, when gold reached the resistance level and quickly retreated to 1905 USD before any new developments appeared from positive information from the Fed in the near future. And it may return to the original target of the weekly high of 1947 USD/Troy Ounce (September 20).
OANDA:XAUUSD
by AlselvSignals
Gold continues to find a bottom below 1910 USDHello dear traders, what do you think about Gold? Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session. It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop. On the 4-hour chart, gold is still searching for a new low price. We still maintain the view that the important support level to watch is $1910 per ounce.
OANDA:XAUUSDLong
by AlselvSignals
SILVER FUTURES, Pullback-Developments, BEARISH Indication!Hello There! Welcome to my new analysis about SILVER FUTURES on several timeframe perspectives. The SILVER FUTURES recently showed up with important pullbacks which moved on to test further remaining levels within the whole structure. From a market perspective the bonds market recently showed massive strength with T-bills emerging to form several higher highs and a continued upside movement. This upside movement is also given within the DXY, U.S.-Dollar Currency Index as the DXY continued to form strong movements to the upside putting pressure on the SILVER FUTURES asset. Within the chart SILVER FUTURES are forming this gigantic bear-flag-formation in which the price action is now testing the lower boundary a next consecutive time, as the boundary has been tested already over four times this increases the possibility for massive bearish pressure to show up once the price action actually formed a breakout below the lower boundary. Within this whole structure as the price action formed several consecutive lower highs and several lower lows a major pullback and continuation with an increase of bearish momentum and bearish pressure to the downside is not uncommon. With these terms in the perspective there are several important analysis factors to consider within the next times. Especially an further increase within the bonds, t-bills and the DXY will support the bearish scenario for Silver and then it will be necessary to determine the actual momentum setting up. Once the SILVER FUTURES completed the major gigantic bear-flag-formation the target-zones will be firstly within the 20.5 area, after that the 18.5 area, and when the price action reaches such a momentum that a reversal in this area is not possible in any case the next important determining target-zone will be within the 15.5 area. We keep an eye on the dynamics. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
COMEX:SI1!
by VincePrince
4
What does the gold price at the beginning of the week promise?The world gold price is trading at 1,924 USD/ounce, down slightly by 1 USD/ounce compared to last week's closing session. Gold price is currently still trying to stay above 1,920 USD. After being surrounded by a lot of pressure, the precious metal price still maintains a stable price, helping to strengthen investors' confidence in a safe haven asset. Gold prices remain confined below key support-resistance at $1,926. However, in the long term, it is believed that gold prices may increase due to “market overreaction to the Fed; Inflation has not ended and the economy is on the brink of recession, which will be a favorable environment for gold."
OANDA:XAUUSD
by AlselvSignals
GOLD, Two Scenarios, One Outcome, Wedge-Breakout Incoming!Hello There! Welcome to my new analysis about GOLD on the daily timeframe perspectives. As I already mentioned within posts I uploaded within the recent times GOLD has a more bullish edge and potentials for new highs on the middle to long term perspective. Especially, because the demand and open interest by institutionals is increasing massively and some are speculating about a gold-backed currency which is likely to pump massive volumes into the GOLD market when this becomes reality. GOLD has been around for several thousands of years, it even did not collapsed after the end of the Bretton Woods gold-backed system, therefore it is no wonder that the GOLD price held stable and is looking for a breakout especially with the backing by the increased demand caused by a established war economy with the ongoing inflationary tensions and investors in search for a safe heaven to hedge against a next inflation wave and excess help package spendings not to mentioned that the GOLD price without inflation would have reached an all-time-high already. When looking at my chart now GOLD is now forming an important formation, such a formation is known for an exponential volatility breakout, and huge gains into the breakout direction. Especially within this current price dynamic with the broader global formation still aiming for a final breakout this formation is the equivalent of the broader formation on the daily timeframe perspective. The GOLD price-action is trading above several major support-zones here consisting of the 65-EMA, the 300-EMA, and the 500-EMA as well as the two ascending-trend-lines with one ascending-trend-line still backing the current price which is supporting the more likely scenario A with a 75% possibility, and the second ascending-trend-line to confirm a bounce and continuation to a final breakout if the less likely scenario B should emerge. Both scenarios are aiming for the final breakout-dynamic to setup in the next times and once the breakout has been emerged it will either activate the final target-zone A or the final target-zone B as they are marked in my chart. GOLD is now about to convert the whole formation into a massive breakout reaching local highs and when the demand in GOLD increases further because of a increased demand for a safe heaven and the inherent value of GOLD that did not lost it´s inherent value within the second half of the 20st century and the beginning of the 21st century. Considering the fact that GOLD lived throught many recessions, the dot-com bubble, the pandemic, the exploding historical high inflation since the 1970s bull-market confirms the major inherent value of GOLD as a legit crisis hedge and the fact that GOLD is now trading near it´s all-time-high with the non-inflation-adjusted price-action is underlining this standing of GOLD as a legit crisis hedge. The GOLD price should have reached an all-time-high already adjusted without inflation and still with non-inflation-adjusted price this all-time-high is likely to be reached. The next times will be highly important as GOLD is now boiling up for the next step to move into a major breakout firstly on the daily timeframe perspective and then also on the broader weekly timeframe perspective moving forward to complete the massive cup-and-handle formation. In the next time we will keep having GOLD on the watchlist and adjusting to the demand shock dynamics in commodities which has major potential to setup the next breakout wave for GOLD. In this manner, thank you everybody for watching, support is greatly appreciated, all the best! VP
TVC:GOLD
by VincePrince
3
Expect gold this weekHello dear friends. What do you think about Gold? After the opening price at the beginning of the week, we witnessed a slight decrease in Gold, from 1925 USD to 1923 USD. Gold continues to trade in a neutral range as the Federal Reserve kept interest rates unchanged in its September monetary policy meeting. Technically: A drop is expected at least to the next Critical Support level which is anticipated at $1900 after a retracement to the broken level and then a rise to the prescribed level.
OANDA:XAUUSDLong
by AlselvSignals
How does gold fluctuate after news from the FED?Gold today traded stably around 1927 USD. Yesterday's news update: As you may have noticed, after the Federal Reserve (Fed) announced news about gold interest rates there was a strong reaction and spiked to a high of 1945 USD. However, when the Fed decided to keep interest rates unchanged at 5.25% to 5.50%, gold quickly returned to a lower price of 1927 USD. Looking at the technical picture we can see that Gold is in an uptrend after receiving support from the low of $1901. Given that Gold's main trend line is still intact, the possibility of Gold increasing is quite high. If the Fed reduces interest rates in the near future, Gold will likely break the resistance level of 1950 USD.
OANDA:XAUUSDLong
by AlselvSignals
Gold price finds new peak in ascending trendGold prices were a bit volatile today attracting some buying pressure for the third straight day on Monday and are slowly rising towards the $1938 level. XAU/USD is now looking to build on the recent decent recovery from around $1,900. Looking at the 4-hour golden frame, the downtrend line has been crossed, clearly showing signs of a change in sentiment, causing us to set our target at a higher level. Gold's next targets will be 1938, 1945 and ultimately 1950 USD.
OANDA:XAUUSD
by AlselvSignals
GOLD, Initial Relief-Rally To Emerge, Important Zones!Hello Traders Investors And Community, Welcome to this analysis about GOLD on the 4-hour timeframe perspectives. As already mentioned in the former analysis on the more global perspectives of 12-hours or higher GOLD is within this massive descending-channel-formation in which it is likely to test the remaining resistances and after that move on with its downtrend in the structure. Now as I detected in my analysis on the more local 4-hour timeframe GOLD moved into important support zones and the structure is indicating a relief-rally to test the remaining resistances which is also confirming the assumption of the broader perspectives, therefore I detected all the important levels and likely destinies we should consider with GOLD in the next times. As when looking at my chart now we can watch there how GOLD has bounced firstly from this ascending-trend-line marked in black where GOLD had important supports before and now bounced there again, furthermore GOLD moved into an overbought condition and also has horizontal support lying within this structure at the 1770 level. Taking these factors into consideration GOLD has the ability to first show up with bounces here which will test the descending-trend-line marked in grey in my chart. When then GOLD is strong enough and bullishness can increase further this can lead to a breakout above the descending trend-line and such a breakout will be the activation for GOLD to test the further remaining resistance at 1810 as marked in my chart. Now when GOLD manages to form these movements and develop the breakout to test the major resistance this does not mean GOLD is completely bullish as already suggested there is still this overall bearish tendency on the more global term. This is why it will be extremely important on how GOLD approaches this strong remaining resistance and how it follows up from there, when a strong pullbacks sets in this has the possibility for GOLD to take up the downtrend again which should not be underestimated. However, till then we should keep patient and elevate the final destinations before rushing into trades that do not satisfy as this is an important virtue for a trader and distinguishes real trading from mere speculation. In this manner, thank you for watching my analysis about GOLD and the upcoming relief rally we should expect; will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information is only educational and should not be used to take action in the market.
TVC:GOLD
by VincePrince
15
AMRK A-Mark Precious Metals Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMRK A-Mark Precious Metals prior to the earnings report this week, I would consider purchasing the 35usd strike price in the money Puts with an expiration date of 2023-9-15, for a premium of approximately $1.92. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:AMRKShort
by TopgOptions
More downside for gold is probableIn line with our previous ideas and choppy price action, we continue to wait for a better opportunity to add gold to our portfolio. We are neutral to slightly bearish in the short term while bullish in the long term. However, we still deem a weakness in the stock market as a danger to the higher price of gold (at least for now). As a result, we believe gold's price is still not out of the woods. Indeed, we would not be surprised to see it plunge below $1,900 again in the foreseeable future. This possibility is indicated by technicals on the daily and weekly charts, which are growing increasingly bearish. Therefore, more weakness for gold is probable. We will update our thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 shows the daily chart of MACD, which failed to hold above the midpoint. That is a bearish development. Technical analysis Daily = Bearish Weekly = Slightly bearish 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
4