* The USD could see some weakness this week, probably not coming until mid-week price possibly propelled by double/bottom structures on mid-timeframes, however the Daily timeframe is indicative of some weakness with price below the moving averages. It's possible later in the trading week the USD could retreat to the 100.60 - 100.85 zone where there is...
I think generally metal prices are having a pullback at the moment including $XAUUSD. Silver on the weekly timeframe has a support zone @25-26 and if that wont hold then there is a chance to hit 21-22{Least likely though} Entry now 29.500 SL 30.100 TP1 27.500 TP2 26.100 Alternatively upto 22. Timeframe : weeks to months
Hello everyone, let's explore the price of gold! Regarding the developments and outcomes of the news on January 22nd: The price of gold has experienced significant fluctuations, mainly fluctuating in a downward trend, and the EMA continues to be the dominant support for gold. Currently, the price is consolidating. This is due to the strengthening of the US dollar...
Fellow Traders, I marked the resistance lines I identified with red, and I identified a rising wedge pattern in white color on the chart. Behind the lines, gold has been accumulating a strong demand within the wedge. The chart pattern itself is a kind that tends to break downwards. In general, a rising wedge is a bearish setup. However, general rules don't work...
GOLD(US$/Oz) stands at a 7 month low ever since March 2023. The precious metals commodity is standing at a crucial support levels of the channel ever since April 2023. Although the charts shows momentum bottoming but the supply constraints and Macro factors may pull it down to levels of 1833,1806 post which we can see it pulling back to channel Trendlines again....
LONG opportunities incoming for Gold *W (tf) (wave 5) Wave 4 completed ? Long Confirmation is anticipated with the red trendline resistance breakout and CHoCH's on smaller time frames. Current support trendline support on green and 20EMA on *W TA speaking, Gold is sitting at a very sweet spot until the uptrend is invalidated - Looking ahead for New All Time...
Gold started to correct after a small bull run. We can determine how long this correction will last using both the indicator and the price action method. Looking at the moving average, the $1786 level is a clear support. When we apply the Fibonacci correction to the distance he ran, the 0.5 region appears to be $ 1780 in the same way. And finally, when we pulled...
Silver performed better than Gold in percentage term during each crisis. We will study into the history of Silver and Gold. And during each crisis, Gold and Silver always performed exceptionally well compare to many other markets. Content: . Its price behavioural leading to each peak Price behavioural studies provide us a fundamental reason for every price...
All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry! A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels. Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one,...
As all our previous price targets for gold were reached we would like to upgrade our short term price target for XAUUSD to 1875 USD per ounce. Bullish RSI and MACD support bullish case for gold. Also rising inflation plays in favor of gold. Furthermore, we think that the downtrend in cryptocurrency market will further support rotation into gold. Disclaimer: This...
MAN. PLAYING WITH #GOLD #MINERS #GDX #NEM #SLW #GG WE APPEAR TO RENTERING A BULL MARKET FOR YOU LONG SUFFERING GOLD BUGS PART 1
Hello Traders! Hoping to provide a short term update for you as opposed to the Longer Timeframe analysis I did previously potentially signaling a bottom. So far, Gold has been trading the Nested MMs beautifully, but we are still waiting for the 2nd Traditional Series setup will reach target. With recent price action being a consolidation above previous...
For WPM , it's getting very close to do-or-die time. A break above the red resistance range (with at least one daily close) would be SUPER bullish for WPM and the whole precious metals sector. However, should WPM break below the green support range (with at least one daily close), we would expect a lot more downside pressure to come to the precious metals...
As a continuation from my first post, we have such a great opportunity for a 150% gain in AMEX:PLG from where we are right now. TVC:PLATINUM has broken out of it's long-term resistance (shown here: ) and we are seeing capitulation within the precious metals sector. I don't expect us to stay here long! Don't miss out! The featured content is intended to be...
The bias for TVC:SILVER remains to the upside. The recent slight bounce in the dollar, which has occurred sooner than originally expected, has contributed to last Friday's selloff in commodities. Until proven otherwise on the chart, this recent shakeout remains a buy the dip opportunity and a great place for new buyers to establish initial positions. Everything...
In my opinion, we are experiencing one final shakeout of silver holders before the next big leg up. I'm still looking at this as a great place to add to my position and for new buyers to establish initial positions. Notice we are right at support (~$25.65) and I don't expect us to close below this level today. However, if we do close below, then all bets are...
There is a pretty well understood relationship between fiat, like the dollar, and anti-fiats, like precious metals and crypto. With some trend lines we can see that when DXY bases out on long term support more likely than not anti-fiats are either on the verge of topping or in the process of selling off. Well established by now. That base-ing out can be viewed...
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! Silver comes slightly short of $19.00 / ounce as precious metals sets new highs. Bulls have got plenty of support as prices remain upbeat in an ascending pitchfork.