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Preciousmetals

Gold keeps breaking new lowGold has opened to more downside since the weekly demand level 1760 was taken out. We now have little doubt that gold will retest its 14-month demand level just under 1700. Therefore, we plan to keep selling the pullback on every visible short-term downtrend. For today, we will be waiting for the pullback to the trendline at 1744 to sell. A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
GOLD (XAUUSD) Analysis UpdateTraders, Gold has been following our plan. We have been bearish on the XAUUSD because of the higher time frame bias. Last week, our long and show plans played out well. Gold went back up to test the neckline of the Head and Shoulders pattern after a fall. And right now it is kind of forming a double bottom which can push the price up a little bit. In this quick update we see all the possibilities that this market has to offer. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:XAUUSD
by vikinsa
8
Vox Royalty trading higherVox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting. In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯 Last week ended well for Vox Royalty Corp as they broke out of an accumulation range clearing resistance at the C$3.00 price level. Since the fateful date of June 16th which saw the US dollar rise and GDX collapse further, Vox’s stock has risen with dips to C$2.50 being bought up. This rising chart pattern of higher swing highs and higher swing lows bodes well for the company as the volume point of control for 2021 and VWAP are now offering a good base for support. For the longs who bought into the stock in January and March, they are being rewarded for their patience and they can take comfort that speculators who shorted the 2021 highs will now be covering, or risk being stopped out. These actions will likely accelerate, as investors welcome a return towards the initial offering price which could then lead to a test of the year's highs.
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by TH_Analysis
2
Silver (XAGUSD) Can FallTraders, silver (xagusd) has been inside a consolidation zone for a long time and after all those up and downs, it started to look very bearish. If the current support levels is broken, we are looking at a possible M pattern formation (along with an ugly head and shoulders pattern) which can push the price down to possible targets as shown. Usually silver follows the Gold price action so inverse is a bit true too. So watch gold price action with this market. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:XAGUSDShort
by vikinsa
2
Technical analysis update: XAUUSD (17th September 2021)Yesterday gold dropped to its support level around 1750 USD. Previously we noted that we were getting strong notion regarding gold being stuck between 1750 USD and 1840 USD for indefinite amount of time. We maintain this notion also today. However, in the big picture we remain bullish on gold. We think that gold is going to break above its resistance around 1835 USD eventually. Though, next week investors should be cautious as volatility in gold can present itself with upcoming FED meeting. It is possible that gold will experience more selling pressure that could escalate to break out to the downside from current support level. If breakout occurs then it will force us to abandon our short term price target of 1850 USD. Technical analysis RSI, MACD and Stochastic are all bearish. Though, RSI needs to be observed in the following trading sessions as it is flattening. Next week we will look for potentional reversal in it. ADX is still low suggesting neutral trend. Though it shows first signs of awekening. Current closest support is around 1750 USD while major support area is around 1675 USD. Then closest resistance is around 1835 USD while major resistance currently sits around 1915 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
Gold: Weekly Forecast 22nd August 2021The selloff of the gold continued through last week and trades steadily below 1800. A rebound that came last Friday was easily wiped out, essentially trapping more buyers. The market is clearly feeling bearish and we expect a revisit of the 15-month demand at 1700 in the upcoming week or the next. We could still see a potential upside back to 1770 - 1780 area while it consolidates at the beginning and that's where we are looking to sell. We could still look for intraday buy opportunity as long as 1750 stays unbroken.
FX_IDC:XAUUSDShort
by AlgoVenture
Vox Royalty - Resources“The construction contract award milestone for Mt Ida demonstrates Vox’s ability to identify and acquire royalties that are on the cusp of construction.” Read more about @vox_royalty's newest construction stage royalty here >> voxroyalty.com @GREngineeringServices $VOX Vox Royalty says construction is set to start at Mt Ida gold project in Western Australia tinyurl.com #VOX has provided development updates on the pre-production stage Mt. Ida Au project, located in Western Australia. Read here: bit.ly $VOX #mining #royalties #gold Intraday breakout descending trend line
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by TH_Analysis
Technical analysis update: XAUUSD (9th September 2021)In recent days XAUUSD dropped below 1800 USD towards it short term support around 1785 USD. Since then it rebounded little bit and it currently trades around 1795 USD. In the big picture we are still very bullish on gold. Especially in medium-term and long-term. Although, XAUUSD failed to break above its short-term resistance and travel through its confirmation area we detailed in our previous thoughts. We are closely watching upper bound of the downward moving channel. We think this upper bound currently acts as strong support and if it is broken then more selling pressure is likely to occur. However, gold seems as its trend is further weakening and becoming neutral. We are getting strong notion that gold will remain stuck trading between 1750 USD and 1840 USD for indefinite amount of time. Despite that we remain bullish and exepct eventual breakout to the upside from this area. Because of that our short term price target remains 1850 USD while our medium term price target remains 1875 USD. Technical analysis Stochastic is bearish. MACD is in the bullish territory. However, it stages reversal and needs to be closely observed over the next few days. Crossover by MACD below 0 points would be bearish for gold in the short term. RSI is flattening, however, its short term structure remains bullish. ADX is very low suggesting neutral trend and sideways moving price action. Closest supports sit around 1785 USD and 1750 USD respectively. Major support sits at 1677.686 USD. Strong resistance appears around 1835 USD while another important resistance sits around 1916 USD. Overall technicals are mixed. As we mentioned previously we are getting strong notion that gold will trade sideways for while before finally new trend commences. Our previous thought from 3rd September 2021: 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
Vox Royalty - channel breakout progressTechnically this share price is making higher swing highs and higher swing lows, within a descending channel. Descending channels tend to break in the opposite direction of travel. What is required is a breakout and retest of the upper bound of the channel, so investors know where the next level of support lays. Unique, defensible intellectual property Strong weighting to precious metals royalties Exceptionally strong M&A pipeline Track record of investing in royalties with significant growth or expansion catalysts Built in diversification - Exposure to a portfolio of projects Exceptional operating margins - No debt ----- Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold; Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines; 45% increase in total mineral resource estimates at Pitombeiras by Jangada; A$10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex; and Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos. Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value enhancing organic developmentsfor our royalty properties, most notably the commencement of construction at the A$462M Binduli heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”
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by TH_Analysis
Technical analysis update: XAUUSD (3rd September 2021)Since our last update on 27th August 2021 gold has traveled towards resistance around 1834 USD. It currently trades around 1830 USD. In the following days we will observe gold for strength. We will watch out for breakout above 1834 USD as we remain bullish on gold. Our short term price target remains 1850 USD and our medium term price target remains 1875 USD. We expect gold to continue march higher and surpass all time high over next 12 months. Technical analysis RSI is very bullish. MACD crossed 0 points to the upside as we recently predicted. Stochastic is bullish too. All this strongly bolsters bullish case for gold. Current immediate support/resistance sists around 1834 USD. Next major resistance is around 1916 USD. As opposed to that major support level is around 1714 USD while short term support is around 1785 USD. Prior developements from 23rd August 2021: Here we predicted crossover in MACD and breaking above 1800 USD pricetag. Prior developements from 10th August 2021: Here we noted that price was very attractive for long entry. 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
SILVER set upTaking a short entry on Silver today looking for a break down of this bearish continuation pattern and looking for a double bottom on this high volatility level. This zone has been bought up a few times in the past and is considered a high volatile area but these levels can break eventually if hammered enough and the HTF EMA's on silver arnt looking the best although could just be considered chop in a range. Will reassess trade in that level and look to flip long incase we do have a reversal and start making bullish market strucutre. A break down through that volatile area could get ugly for silver.
OANDA:XAGUSDShort
by DeNomics
Can Golds correction be nearly over?This week we learn whether the US Federal Reserve has made any further plans towards tapering their asset purchases. Currently, they remove $120bln of collateral out of the system and replace it with Reserve Assets. Also known as QE. QE has been designed to crush the interest rates so that people like you and me can afford to take on more debt as the interest payments are low. This is designed to stimulate us all into getting the economy up and running. Some may say that the stock markets hitting all-time highs is proof that QE works, but the markets are not the economy. Currently, we are in the middle of transitory inflation which is making living more expensive for the average person. The stock market is being buoyed by margin trading and the banks have been slow to lend, which is what SME companies need to grow. Tomorrow's announcement from Fed Chair Powell has been telegraphed as the point where he announces tapering. This should mean the market reacts with higher bond yields, and going by the recent relationship between the US10y and gold, the price of gold should come down. The major risk of course is that the Fed can not taper or if they do, they do it so slowly the market adjustment is negligible. In this scenario, the disappointment of expectations should be enough to get the gold price rising and the yields going towards zero or maybe negative. At which point gold should be above $2k per oz. The technicals show that the price of gold from the $2k peak has been in a descending channel and the probability is that this breaks to the upside eventually. That doesn't mean we don't trade lower within the channel. But ultimately I see this price action breaking higher. The near term trend could also be signalling a sharper rise as we are breaking out of that smaller channel in Green.
OANDA:XAUUSD
by TH_Analysis
1
Technical analysis update: XAUUSD (25th August 2021)Gold took some step back after its breakout above 1800 USD. It currently trades around 1792 USD. We think upper bound of downward moving channel should be closely observed in the following days as it currently acts as immediate support for gold. Plunge below this level could lead to short term weakness. Although, we expect 1750 USD (previous support/resistance) to hold in case of further selling pressure. Stochastic is bullish. RSI continues to change back and forth from neutral to bullish on daily timeframe. MACD has bullish direction and we expect it to perform crossover above 0 points. We expect this to be very bullish for gold. In the big picture we remain bullish on gold with medium term price target of 1850 USD and long term price target of 1875 USD. Though, our price target for next 12 months is much higher at 2100 USD. Prior developements from 10th August 2021: Here we noted that price of gold was attractive for long entry. We also announced that we believe gold is near end of its struggle to move higher. 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
Gold: Weekly Forecast 22nd August 2021The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar. The gold has ranged throughout the week as it stayed resisted by the supply level at 1795. The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat resilience continued to stay supported within a range. However, both highs and lows are notably becoming lower and we can expect the gold to start the week with a bearish tone at the beginning. This week, we will look for selling opportunities as it pulls back to the top of its current range but expecting a strong rebound at the demand level at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
2
Gold in coiling modeIt appears that in recent months, a rally in Gold snooked many, with false breakouts that were followed immediately with reversals. This happened thrice in July August period, which was abruptly ended with a steep drop of more than 1000. And yet it bounced off hard, over the last week. Relooking into the chart patterns, the cup (or handle rather) is redrawn and retimed. A new breakout level is also set in. This time, a better chance for Gold to recover is attributed to the bullish divergence seen in the RPM and MACD. The weekly candle is also supportive with a consolidating week after the previous which had a very long tail (of demand). The lines are drawn and will be watched. Uncanny, but this appears to align at a time when equities are long in the teeth of a rally. What relationship this might bring is still open for interpretation. But I would personally leave it open for now, and let the market decide... Gold appears to be bullish on breakout over the next couple of weeks.
COMEX:GC1!
by Auguraltrader
1