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Preciousmetals

Gold Technicals Are Looking GreatWIth Gold being under pressure this week, I am still looking for gold to continue to fall to the down side short term. However, long term I am still bullish. WIth all the money printing and failed monetary policy that is being implemented on a global scale; I am predicting Gold to rise to at least 2300 by 1st quarter 2022. Yes, we are some ways off, but I am more of a long term trader. I do not trade every day, but my setups profits are phenomenal when I see a setup like what is taking place in Gold. Well we appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSD
by ThirdEyeTraders
Bullish setup in gold strikingly similar to 1970s bull run (2/3)This is publication 2 out of 3. History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky. 6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price will soar, and why I think 6000 is a realistic target. Chart 1 -
TVC:GOLDLong
by Ymir1
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF. Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc. Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
ASX:JRVLong
by AaronHynninen
4
SILVER TECHNICAL SETUP - LONGWith substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation. Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too. The attached chart shows a bullish wedge patter having being broken out of, we will look for a close above the purple line to confirm a breakout and enter a long position. Keep in mind the whipsaw effect we always see due to earnings, exercise caution.
NYSE:CDELong
by clarkehimself
2
Is a Silver Squeeze Coming?Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be returning. Notice how XAGUSD probed and held its 200-day simple moving average (SMA) in late March and the first half of April. This was the first test of the 200-day SMA since May. Second, prices have broken a short-term bearish trend line running along the peaks of February and late March. They’re now trying to break roughly $25.75 - $26.50, a consolidation zone from mid-March. Third, Bollinger Bandwidth has turned up after falling near 7 percent. This has been a floor for the range of motion. That could help fuel a move if the price action starts to expand. There’s also a catalyst next week with the Federal Reserve meeting on Wednesday. The white metal is a strange product overall, with flashes of excitement and long periods of boredom. It’s been inert for months, but now the price action could be pointing toward another period of quicker movement. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
OANDA:XAGUSD
by TradeStation
34
Gold Miner ETF Hitting TrendlineGold miners are one of the worst-performing corners of the market this year. They’ve bounced recently, creating a potential opportunity for the bears. This chart of the Market Vectors Gold Miners ETF shows the downward-sloping trendline in place since August. Notice how prices are stalling after touching it again. Second, the 100-day simple moving average (SMA) is around the same level. This is similar to its last intermediate peak in early January. Third, notice how stochastics show an overbought condition. Finally, the current zone around $34 has a lot of relevance running back to last summer. It’s where prices rallied out of a bullish flag in June and then held in late November. It remained the bottom through February. If GDX remains below it, the verdict could be: “old support, new resistance.” The macro backdrop is also negative for gold because the economy is rebounding and earnings are expected to surge this reporting season. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:GDXShort
by TradeStation
Gold looks ripe to launch in April style - yet again!After MONTHS of waiting, consolidating and fake outs, Gold GC1! appears to have what it takes to launch a cenet breakout rally and continue its long term trend UPwards. Given this at a time when USD 1.9T was dished out, and the next round of trillions in infrastructure spending, it forms the fundamental basis of the technical outlook. On the Gold weekly chart, we see that price itself maintained well from the 1600 target I set out last year (or earlier)... a bullish indication, which is accentuated by the last 8 weeks of candlestick price action. a higher low and nice long tails encourage a recent higher high to test the 55EMA this coming week. Then the RPM and MACD appear favourable for that 55EMA test. Underlying these, we can also see that the Largest 8 Traders (lowest panel) have been increasing their holdings, almost halving the net short positions as prices dip below 1800. The Daily Gold chart (right) shows the recent higher low action, and the technicals are also aligned for a rally good rally attempt with the MACD is just crossing over into bullish territory as prices break out of an immediate down trend line. Look out for Gold from this week! (Co-incidentally, it was two weeks two years ago at the end of April 2019 that I called for a bullish stance on Gold. Seems like it may be seasonal)
COMEX:GC1!Long
by Auguraltrader
Gold - Bullish Momentum Divergence - Buy the Dip?With Bitcoin and cryptocurrencies being all the rage at the moment, there appears to be subdue interest in gold and the precious metals space as a whole. Being the contrarian that I am, that peaks my interest, looking over at the spot gold market, I noticed a clear bullish momentum divergence on the daily chart. Switching over to the weekly chart we can see that we have retraced 50% of the total move higher from the runup in late May/ June 2019, needless to say this would constitute a "buy the dip" moment. A breakout above the downward trend would equate to a fulfillment of a 'cup and handle' pattern on the monthly chart. The real question you need to ask yourself is, do you believe that gold will continue to languish despite the dramatic government spending across the globe? With inflation being rightly recognized (finally) by the mainstream press, gold WILL attract inflows of capital as an inflation hedge, my hypothesis being that the latest drop in precious metals (the spot market that is) was orchestrated by some well known banks *cough JPM cough* in an attempt to divert capital away, this (among other reasons) contributed to greater inflows into the crypto markets, causing a performance disparity, which furthered the inflows into crypto. Will crypto continue to perform very well? it is quite likely, however gold just needs to lose the so bad. -TradingEdge
COMEX:GC1!
by Profit_Link
PMs - PLATINUM - Fractal ApplicationIntroduction to Fractals: Although prices may appear to be random, they actually create repeating patterns and trends. One of the most basic repeating patterns is a fractal. Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements. - Taken from Investopedia Fundamentals Notes: - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish , and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. I posted a forecast previously, but I liked the Fractal Application, so I decided to make it its own idea. Link: My Wyckoff Method Application post, which this strategy builds on: GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
TVC:PLATINUM
by UnknownUnicorn1043646
PMs - PLATINUM - Model ForecastModel Forecast for Platinum: - Line of Least Resistance determined for PLATINUM. - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. See the fractal from 2008 below. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish, and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
TVC:PLATINUM
by UnknownUnicorn1043646
Gold Important Levels and Zones- April 2021 Update!Traders, Gold has always been very good with our FCPStrategy. Last week it came back to our 1681 area which we identified in August 2020. Now because that levels is important, it started to form a double bottom. Beware of that double bottom. That may lead traders in to the thinking that gold has bottomed. But there can be a final downward move to collect the stop losses on XAUUSD. So be watchful. Please note that the Gold also has a bearish case on monthly time frame in 1500s so if 1681 levels is broken on weekly basis, we will switch our bias to bearish once again. 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
2