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Preciousmetals

Silver - Don't rush into 2021 with precious metals!!FINALLY - Are you ready to conquer 2021? I want to start this post by saying 2020 was indeed a very difficult year for many including myself the changes were and are very difficult but there were a lot of trade opportunities and this will carry onto 2021. I have posted on our YouTube channel 2021 Yr outlook - If you're interested message or comment down below - A Link will be sent to you. Overall outlook for precious metals. There will be a pull back due on most of G10 FX Pairs, commodities & Precious metals . 2021 - Overall outlook 30-4O price for silver longer term view. Yes, I am bullish. Silver Daily: Key support areas: 1. 24.60 2. 23.30 3. 22.40 Key Resistance areas: 1. 26.70 2. 27.80 3. 28.50 2021 - There will be many exciting changes that will be implemented to Trade Journal. Private Trade Ideas will be now posted, uploading videos on our YouTube account and many more exciting steams on various social media platforms - Stay tuned! We are bringing you more content to boost your trades to the next level. If you'd like to grant access to all these updates, which are FREE - message us, comment down below, give us a like and we will be sure to contact you as soon possible!! Key Tip - follow your trade plan, execute wisely and don't get emotionally embedded into any trades you take ever. Lastly, I do want to wish you - Happy New Year! It's time for us all to have an exciting and very prosperous year ahead of trading! Best wishes, Trade Journal (TJ) Remember: Just trade idea, not a recommendation.
OANDA:XAGUSD
by Trade_Journal
8
SAND: Divergence->Left Turn at 50%?Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend -look at previous divergences when macd+rsi travel in the opposite direction -flat lows, then reversal when macd+rsi diverge - GAP filled above 50% retrace of march lows and beginning of bull run. -~3 bounces around 50% retrace -no more gaps to fill from rapid accent in Spring 2020 -one gap to fill Also, where should i place fib and gaps: on the wick or candle? Also, divergence around the top... a bit of a stretch?
NYSE:SAND
by Uglybob
$PAAS Establishing Upward Trade Channel Despite Sputters $PAAS seems to be re-establishing its upward momentum despite resistance from the overall market. This trader has placed a long call on PAAS, as well as doubled down on the stock position during today's slight dip. Both could be 2+ week holds waiting for this trend to firm up and shake out some investors on the inevitable dips. We do seem to see the establishment of a new trade channel. Relative highs at 39/s are a long term target for the bounceback during this time. GL, etc -BDR
PLong
by BDRTrigger33
Silver Priced in Dollars Devalued by M1If you were to devalue the US Dollar in real time as M1 money supply increases, it would price in inflation immediately. M1 money supply is the amount of liquid available currency within the federal reserve system. Compare this chart to the current Silver chart and it will give you a glimpse into the future for Silver. To quantify this into a Silver price, take your % measuring tool, put the starting point where the previous all time high was in 2011, and put the ending point at where the price is on this chart - about 80%. Take that percentage and apply it from the 2011 all-time high on the Silver chart today, and it should give you about $90 per oz of silver.
COMEX:SI1!
by micahjmiller
1
Gold Priced in Dollars Devalued by M1If you were to devalue the US Dollar in real time as M1 money supply increases, it would price in inflation in immediately. M1 money supply is the amount of liquid available currency within the federal reserve system. Compare this chart to the current Gold chart and it will give you a glimpse into the future for gold. To quantify this into a gold price, take your % measuring tool, put the starting point where the previous all time high was in 2011, and put the ending point at where the price is on this chart - about 200%. Take that percentage and apply it from the 2011 all-time high on the Gold chart today, and it should give you about $5000 per oz of gold.
COMEX:GC1!Long
by micahjmiller
Gold consolidating for a (potential) move to $2500 in early 2021With gold being in consolidation mode for a few months, this is a potential path out of the bull flag and trend it's trading in. I've drawn ideal support backtests with little flushes below to shake out weak hands. The measured move out of this trend will replicate the move up from our March generation lows, placing the target somewhere in the $2500 range. Inflation will show up in commodities/PMs as we have the regime change in the US and more stimulus packages to aid the economic recovery.
TVC:GOLDLong
by bubblegumman
Watching Gold for a real breakout rally... or breakdown While many may be bullish on Gold in the short term, I find that Gold is acting a little off and weirdly too. With a fiercely dropping USD, Gold is barely in demand (in the short term). This tells of either a burst breakout rally or a slow breakdown as Gold has slowly creeped up in the last three weeks. Having bounced off the initial downside target of 1800, Gold is marginally below 1900, and it just failed the downtrending channel resistance despite clocking a series of higher lows and higher highs. Watch this one reveal its true colours... soon.
COMEX:GC1!
by Auguraltrader
Copper Outlook /long-term Technical Analysis We have broken the long-term resistance trend that had been in place for almost 10 years. RSI is very overbought, but this market has proven overbought can stay overbought for a long period. In the chart there is 3 potential targets for Copper in the long-term picture. There are several place to take profits and/or add on pullbacks. (These are the orange segment lines) Fundamental Analysis Industrial metals have been rallying strong; and are likely to continue with expected infrastructure investment for 2021 and further. Copper is also used in Semiconductors, which is the basis of all technology hardware. Steel is behaving in a very similar fashion, adding to the idea of industrial metals outperforming precious metals.
AMEX:COPXLong
by dorfmanmaster
1