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Preciousmetals

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
KOG REPORT:KOG Report: There were no KOG Reports for a couple of weeks, so we won’t start with the typical “In last week’s KOG Report”. We did however still keep our Camelot members active during our break with Merlin giving some fantastic trade targets and our bias working well. The plan was to short, the levels worked well, and the target level was reached. We then switched the bias to bullish above on Friday with the first target level 1929, which was also completed. Those who followed the free analysis shared will also have been presented with another short trade which we suggested should be taken level to level. So, what can we expect in the week ahead? We’re expecting a choppy week with some potential range bound movement in the early sessions. News in the latter half of the week is almost guaranteed to drive the markets, so please, as usual, make sure you have a good risk model in place and your lot sizes are sensible and in accordance with your account size. We have lower levels of 1910-12 which was a previous level of interest on Gold, so any attempt at that level may see a reaction in price. That’s also the first level we will be looking for as a potential target for the short trades. Above, we have the first resistance level 1924-6 and above that 1930-35 order region. As you can see from the illustration, including the extension of the move into 1940-45 we’ll be looking at these levels for potential long trades, and then on the flip for hunting the short trade back down. The ideal scenario here is to capture that long trade back up and then assess the markets if it gets there, to then short it back down based on a confirmed structure. Obviously, we will be looking for Excalibur activations to guide during the course of the week. Please note, breaking below that support level will move the price into the lower liquidity regions first, before an attempt to recover. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
Platinum is trying to break the resistance! As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSD
by WhaleGambit
XAU/USD -Facing Local Resistance- Gold is facing a local resistance trendline which previously was acting as Support trendline within the pattern. Last 3D candlestick print managed to put a higher high in terms of market structure (BoS). Entry from here is quite risky, however, spot SL is just about 1% from current price. Last 3D Candlesticks looks like a Bullish Hammer being printed, yet weak in terms of price action having experienced rejection from resistance trendline . Wave 5 anticipation for Gold, headed to NATH, but first, price needs to pick it self back up and penetrate through the broken trendline in order to continue higher. Quite some critical moves ahead for Gold's Direction TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before partaking on nay trading activity based solely on this Idea.
OANDA:XAUUSD
by Mr_J__fx
XAG/USD -Weekly Uptrend Outlook(update)- Silver's uptrend remains intact techincally speaking, as long as its plenty of supports below are there to enforce uptrend resumption. A decent Demand Zone as well just in case TVC:DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath, making Financial Markets turn around. For now, in the short term Silver may be struggling a little bit, only to find new buyers at its close lower levels. Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure. In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend Until the next one ; Trade smart , TRADE SAFE *** NOTE that this is not Financial Advice . Please do your own Research before partaking on any Trading Activities based solely on this Idea.
OANDA:XAGUSD
by Mr_J__fx
$XAG/USD -Taking Profits on Silver Taking Profits on Silver at Golden Zone of Trend Fibbonnaci Retracement set on *Weekly (tf). For a full chart break-down and incoming targets, (check idea 'Weekly Uptrend Outlook) We're looking for Short set ups in the short-term at 0.618 acting as resistance (fake break-out may occur) Buy setups incoming with 0.618 being broken with decent volume and waiting for a re-test (Buy Orders) TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research before partaking on any Trading Acitivity based solely on this Idea
OANDA:XAGUSD
by Mr_J__fx
Silver ~ Snapshot TA / Bullish ConsolidationTVC:SILVER rallying to the upside & revealing its Bullish inclinations ahead of key Global Economic events. Fibonacci Extension doing a great job identifying key Demand/Supply zones to watch for smaller-timeframe trend rejection/continuations. Dashed horizontal lines (~25.26/~22.21) highlight key Make or Break levels for longer duration Swing Trades. Golden Pocket/Gap Fill confluence presents interesting Stink Bid opportunity if Silver price action turns to disaster. Boost/Follow appreciated, cheers :) OANDA:XAGUSD COMEX:SI1! COMEX:SI2!
TVC:SILVERLong
by BlueHatInvestor
KOG REPORT:KOG Report: In last week’s KOG Report, we said we would keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the move to the upside we wanted, instead, Excalibur kept activating short only giving us level to level opportunities for good captures, but not the big one that we wanted. It ended with one of the best week’s we’ve had in Camelot with a succession of completed targets across the markets and US30 being the star of the week. So, what can we expect in the week ahead? We have a few levels on the radar for this week with the key levels being the 1860-65 region support and the 1899-1903 level resistance level with the extension above that at 1906-10. The bias will remain as bearish below of which the levels will be given daily updates but the preference this week will be on trying to capture the bounce from support levels. For that reason, we will be looking at price attempting to target the immediate resistance levels above 1895 and above that 1899 where if we see strong resistance, we feel an opportunity to short the market down into the support levels could exist. It’s these lower support levels where again this week we will be looking for the reaction in price in attempt to capture the long trade back up into the higher resistance levels initially 1910 and above that 1917-20. Now, on the flip, if we break resistance to the upside, we will be switching to level-to-level trading following Excalibur to the upside and looking for a strong level of resistance. Upon a confirmed set up, we will be looking to short the market back down into that support level following the bias and the daily targets. What we need to keep in mind is that we have Jackson Hole coming up towards the end of the week. It is very likely we will see choppy price action and potentially a range forming towards Thursday and Friday. We have published the previous analysis on Jackson Hole (link below), please have a look at this as it will give you an idea of the potential the market has to really move price aggressively. We will post part 2 during the week. KOG's Bias for the week: Bearish below 1907 Bullish on break of 1907 Key levels: Resistance: 1899 / 1910 /1917 /1920 Support: 1880 / 1875 /1867 / 1860 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
11