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Preciousmetals

GOLD Key Levels! Analysis! Hello,Traders! GOLD has made a pullback From the horizontal resistance level Just as I predicted in my previous analysis Now, the price is in the lymbo Between the resistance at1810 And the nearest support level at1720 So we will be able to tell the Potential direction of the next move After the retest of the one of these levels IF the current support breaks then The next support level will be at 1620 So let's wait and see! Like, comment and subscribe to boost your trading! See other ideas below too!
OANDA:XAUUSDShort
by TopTradingSignals
8
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making. Price action is laid over 2 indicators The Extended Golden Ratio Multiplier The CM Ultimate MA MTF The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards. We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond. Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below. Thanks for looking WeAreSat0shi Stay Blessed!
TVC:SILVERLong
by WeAreSat0shi
WPM Bullish PotentialWPM has now gained great bullish momentum prior to violating its pennant's resistance. the overall structure is a bearish cypher pattern at a point for an SL hunt swing. WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel. Any violation of the pennant within this channel can be the trigger for a swing to the channel resistance labeled as R1. As gold charted below we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
NYSE:WPMLong
by Zivul33
6