Get started

Xagusdshort

Another big slide is likely just aheadAt the moment of writing this update our full 250% net short positions in gold 0.33% 0.28% -0.29% -0.08% -1.31% -1.65% , silver 0.41% 0.54% -0.81% -0.88% 0.14% -0.53% and mining stocks are well justified from the risk and reward perspective. Comparing Analogies with 2013-There are precious lessons you can learn- The conclusion-our outlook for Gold 0.33% -0.29% -0.07% -1.31% 0.05% , Silver 0.41% -0.81% -0.88% 0.28% -0.53% and mining stocks is very bearish for the medium and long-term, and it seems gold 0.33% -0.29% -0.07% -1.31% 0.05% is likely to plunge more within next 2.5 weeks and it seems $1130 target is very much likely to reach but it may even drop to $1060.We may touch a local bottom later this month, though and we’ll keep you informed regarding the possibility of seeing a bigger turnaround. more likely scenario- we’ll see some kind of local bottom with gold 0.33% -0.29% -0.07% -1.31% at $1,125 - $1,130 or so. This week’s declines shows that the slide has already begun we will keep you informed anyway many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 14.750 Take Profit: 12.80 Stop Loss: 15.600 ASSET-GOLD Sell limit Price: 1185 Take Profit: 1080 Stop Loss: 1221 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver 0.41% -0.81% -0.88% 0.28% -0.53% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX:XAUUSDShort
by NeerajPandey
No it's not over yet-last warningAt the moment of writing this update our full 250% net short positions in gold 0.28% -0.29% -0.08% -1.31% -1.65% , silver 0.54% -0.81% -0.88% 0.14% -0.53% and mining stocks are well justified from the risk and reward perspective. Following a to a great degree bearish week, we at long last observed a touch of quality in the valuable metals showcase on Friday. Notwithstanding mining stocks – at last – revived. While all the critical subtle elements appear to originate from gold, silver, mining stocks, or one of their proportions, one ought not disregard the business sectors that effect the above seriously. The most essential of these business sectors is the USD Index, and it simply framed a bearish falling star candle as far as the week after week value changes. That is an exceptionally bearish advancement, which – on the off chance that it is trailed by a sizable decrease in the USDX – is probably going to trigger a ground-breaking rally in the valuable metals area. We may have surely observed an imperative bearish sign in light of the week after week value changes in the USD Index, however it has positively no suggestions for our exchanging positions in the valuable metals division. Indeed, it scarcely changes the viewpoint for the USDX. The plain here and now suggestions are bearish. Yet, the above simply isn't the full truth. The full truth is that while we may see a move lower, it's probably going to be little. Besides, it's something very normal as of now. The USD Index has as of late broken over the rising wedge design or more the neck level of the turn around head-and-shoulders design. This implies one can anticipate that the USDX will decrease back to the beforehand broken levels and to confirm them as help. What's more, there will be nothing bearish about it. These two levels make the close term drawback target zone and is near where the USDX shut on Friday – somewhere in the range of 95.4 and 95.7. Since the USDX simply shut at around 96, the potential size of the downswing is somewhere in the range of 0.3 and 0.6. At the end of the day, the USDX is probably going to at most rehash its Friday's decay and maybe it will decrease by just about portion of its Friday's decrease. Is this a considerable decay? No. Thusly, is it liable to trigger a generous (!) rally in the valuable metals or mining stocks? No. Gold has not just broken beneath the past lows (counting the late-January 2017 low as far as the day by day shutting costs), however it likewise shut the week underneath them. The breakdowns underneath the past lows give off an impression of being affirmed. With gold in the red territory that incorporates no critical help, and given the solid medium-term downtrend, we can expect another wave down, despite the fact that the RSI is as of now extremely oversold. The white metal moved underneath the rising red help line and shut the week beneath it. It didn't figure out how to promptly break beneath the July 2017 low, however that was not required for the viewpoint to stay bearish. The decrease was and still is exceptionally bearish (simply look how close silver is to its 2015 low), however no market can climb or down in a straight line. The July 2017 low was one of the levels that could have created an interruption – and it did. It was definitely not a beyond any doubt wager and changing the positions wasn't advocated in our view, particularly that the circumstance in the USD Index indicated significantly higher USDX esteems with just a probability of seeing lower esteems quickly. The RSI marker in light of the week after week costs is beneath 30, yet it's not yet at the levels that beforehand activated bounce back in 2013. Therefore, we hope to see more shortcoming . Maybe not today, but rather doubtlessly this week. For a long time we have been underlining that there is nothing extremely bullish about the mid 2018 rally in the valuable metals part and in the gold stocks to gold proportion. On account of the last it was only a check of the past breakdown underneath the critical 2016 base. The breakdown was undoubtedly confirmed by a move back to the beforehand broken level and the enormous medium-term decay proceeded with presently. What we are seeing presently is a characteristic aftereffect of the above. Much the same as it is the situation with the HUI Index, its proportion is additionally underneath the key close-by help levels and the closest solid help is at the 2015 lows. This makes the suggestions for the short and medium term extremely bearish. We have quite recently observed a week by week close beneath the most minimal week after week close of 2015, which is a vital breakdown. This move isn't yet affirmed, however it's unquestionably present. Therefore, the ramifications of the proportion and its present position with respect to the 2015 lows are bearish, not bullish. Outline Summing up, there are various extremely important reasons because of which the valuable metals part is probably going to move bring down in the next many months and a week ago's decays demonstrate that the tremendous slide is unmistakably in progress. At the end of the day, it appears that our sizable benefits on the short positions will turn out to be much greater shortly. We may have a neighborhood base not long from now, however, and we'll keep you educated in regards to the likelihood of seeing a greater turnaround. Long term positions ASSET--XAGUSD(Silver)-Inactive Sell Limit Price: 14.900 Take Profit: 12.80 Stop Loss: 15.560 ASSET-XAUUSD(GOLD)-Active Sell limit Price: 1185 Take Profit: 1080 Stop Loss: 1221 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.06% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
The Bulls are Back??At the moment of writing this update our full 250% net short positions in gold -0.08% -1.31% -1.65% , silver -0.88% 0.14% -0.53% and mining stocks are well justified from the risk and reward perspective As our current long-term positions are in good profit, one may ask to close the position and take the entire profit out of the table but just as a loss on a position is not a reason to close it, a big profit isn't too. Remember-The market simply doesn’t care about any one individual’s loss or profit and will not use it as a factor in determining the next move. Those who believe we are long-term gold bears just keep in mind we are working on the report of how gold could soar once it finally bottoms, the numbers may surprise you, anyways we will keep you updated regarding this biggest turnaround. Gold, silver and mining stocks declined in a significant manner within days and our long-term position is already running with a sizable profit. That was the first time we had increased the size of our position by up to 250% that we had never increased it to before. we saw the enormous sizes of decline, especially in silver and mining stocks. The HUi Index broke below 2008 like it never existed but the silver stopped at around July 2017 intraday low, So does it mean we are going to see a huge rally in silver prices from this point? The answer really depends on how you define a rally. If a 40-50 cent move or so defines a case of a rally for you then yes, this might be true, for us, it doesn't seem that we witnessed anything that would justify changing our current short positions. Gold already broke below the March 2017 low and there is no important support all the way down to 2016 bottom. with taking intraday prices into account late January 2017 bottom worked as a support yesterday but in terms of daily closing prices gold closed below that, we didn't saw the lowest close like we witnessed yesterday since January, so we also saw a breakdown. we don't expect the late-January bottom to generate any sizable rally, Instead, we think gold will plunge to December 2016 bottom which is more likely compared to yellow metals breaking below the December 2015 bottom(still possible). overall our previous comments on yellow metal is still up-to-date. Silver-From the shorter point of view, we saw the sizable decline in white metal and than it stopped the decline at July 2017 bottom. It seems very bullish from the short-term perspective but these are very short term signals without having many bullish confirmations so we shouldn't focus on the very short-term signals. The conclusion-our outlook for Gold -0.07% -1.31% 0.05% , Silver -0.88% 0.28% -0.53% and mining stocks is very bearish for the medium and long-term, and it seems gold -0.07% -1.31% 0.05% is likely to plunge more within next 2.5 weeks and it seems $1130 target is very much likely to reach but it may even drop to $1060.We may touch a local bottom later this month, though and we’ll keep you informed regarding the possibility of seeing a bigger turnaround. more likely scenario- we’ll see some kind of local bottom with gold -0.07% -1.31% at $1,125 - $1,130 or so. This week’s declines shows that the slide has already begun we will keep you informed anyway many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 15.600 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1221 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.88% 0.28% -0.53% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX:XAGUSDShort
by NeerajPandey
Part 8 - Risk-off August - XAG/USD DailyXAG/USD – Daily Resistance & Support: Resistance: 15.70 / 16.00 / 16.75 / 17.75 / 19.00 / 20.00 / 21.00 / 22.00 Support: 15.00 / 14.75 / 14.35 XAG/USD – Summary: Expected to commence a Bullish Corrective Structure in a three-swings sequence at or around the 15.00 Levels and possibly retest the 16.00 – 16.75 vibration zone. Bearish Impulse expected around the 16.00 – 16.75 vibration zone. If all scenarios would turn out to unfold as expected and Silver would retest the 14.35 levels, then that specific area could be seen by bulls as an opportunity for longs, which could even reach the 21.00 levels in an Impulse.
OANDA:XAGUSD
by Lionheart-EWA
impossible at the beginning of the year has become realityAt the moment of writing this update our full 250% net short positions in gold -1.65% , silver -0.53% and mining stocks are well justified from the risk and reward perspective. -If you have been following our trades for some in trading view or if you are our premium subscriber.you made a lot of money in this year and you know technical analysis and daily written updates matters a lot but if you haven't you might be thinking why you should even care about these charts and daily updates instead of just watching and observing the real-Gold supply and demand, geopolitical conditions, interest rates and so on. you are making a very novice and dumb mistake because the technical analysis of the precious metals market is clearly justified from the fundamental point of view What seemed to be almost impossible at the beginning of the year has become reality. Gold closed below $1,200 and silver closed below $15 more likely scenario- we’ll see some kind of local bottom with gold at $1,125 - $1,130 or so. The conclusion-our outlook for Gold 0.05% , Silver -0.53% and mining stocks is very bearish for the medium and long-term, and it seems gold 0.05% is likely to plunge more within next 2.5 weeks and it seems $1130 target is very much likely to reach but it may even drop to $1060.We may touch a local bottom later this month, though and we’ll keep you informed regarding the possibility of seeing a bigger turnaround. more likely scenario- we’ll see some kind of local bottom with gold at $1,125 - $1,130 or so. we will keep you informed anyway many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 16.46 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.53% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
possibility of seeing a bigger turnaround? Quick update-T.P Hit for Previous short-term trades for gold and silver At the moment of writing this update our full 250% net short positions in gold -1.65% , silver -0.53% and mining stocks are well justified from the risk and reward perspective. The USD Index broke above the medium-term reverse head and shoulder pattern and the rising wedge pattern while silver closed below its July 2017 lows.so now it's confirmed what we had written in our previous analysis. The same goes for Gold and Silver crystal clear breakdown which we witnessed in terms of weekly closing prices. The white metal declined with such a big volume which means that the breakdown is very likely to be confirmed, overall implication is very bearish for gold and silver.so nothing really changed but for the sake of the change, we decided to do something unique today. In today’s analysis, we will present you numbers of key factors that are likely to result in lower Gold, Silver and Mining stocks(precious metals)prices in the coming weeks and months. obviously, we will not discuss them in detail as that would imply writing a book but due to this platform text restriction if we won't be able to finish our post here, we will highly suggest you visit our page(mentioned at the end) for full analysis we’ll provide very brief summaries of each point that is likely to result in lower Gold, Silver, and Mining stocks(precious metals)prices in the coming weeks and months. Let’s start with the big picture. 1-Apex based reversal shows that the shape of gold decline, The way yellow metal is declining since 2011 is very similar to the way in which gold declined in the 1980s. This is a major issue for gold bulls because it suggests that gold is likely to form new lows. Long term situation is USD Index is yet another major factor which suggests that the precious metals are about to plunge in a drastic manner.we are not referring to the last couple years chart of USD Index,Instead we are talking about the 48 year chart where you would be able to see the extremely massive confirmed breakout in the case of the USD Index. Implications are profound as it suggests more rallies in the USD Index. 2-The next factor that remains in place is the link between 2012-13 decline to current plunging going on in the yellow metal. we wrote in our previous posts that gold was likely to move higher for about 2-3 weeks in July and then to decline with the strong and major decline will start in august.we have exactly seen that and our previous comments are still up-to-date. 3-On January 28,2018, we saw the major signs from the volume reading in terms of weeks. On Feb 2,2018 we wrote about the major record-breaking monthly volume levels. The implications are bearish anyway and they may contribute to lower gold prices in the future. 4-let's talk about key analogies, The first analogy in silver is between 2008 and last few years. This analogy is shockingly accurate in terms of prices. The WHITE metal rallied to the price levels and to which it declined in 2008 are extremely similar to where it rallied since early 2016. The implications are very bearish. 5-let's talk about the important ratio in the precious metals sector-gold to silver ratio. most analyst and traders have a misconception about it.you may have read some analysis about the ratio is moving or reaching to its long-term resistance at about 80. Instead, the real long long-term resistance in the gold to silver ratio is at about 100. This is the actual level at which the ration really reversed from the long-term perspective. 6-Another factor is the way gold reacted to the extremely positive fundamental news this year and in the previous years. due to some news and some short-term rallies, even some of our investors got excited, we tried to calm them down by posting another analysis.we saw a price barrier of $1350-$1451 in gold within previous years. We saw the news like Russia taking over Crimea, we had trade wars, nuclear threats regarding North Korea. Gold didn't really by this news which shows that P.Ms is not ready to rally yet-it really needs to find the real bottom first. 7-If you have been following our trades for some in trading view or if you are our premium subscriber.you made a lot of money in this year, you know technical analysis and daily written updates matters a lot but if you haven't you might be thinking why you should even care about these charts and daily updates instead of just watching and observing the real-Gold supply and demand, geopolitical conditions, interest rates and so on. you are making a very novice and dumb mistake because the technical analysis of the precious metals market is clearly justified from the fundamental point of view 8-Another major factor which we would address here is the currency sector. Interest rates drive the currency prices but in practice, the reaction can be delayed. The rally in USDX started in early 2018 and it seems that there is much more room for the higher prices in the USDX, This is a bearish implication for the PMs prices, we covered this full subject in our old analysis 9-The next and last factor is the correlation between the Nikkei 225 Index with gold. This correlation is negative.we still view Japanese stock market as an indication of what's likely to happen in the PMs.it seems that Nikkei value is about to soar in the medium and long-term which indicates lower Gold prices. The conclusion-our outlook for Gold 0.05% , Silver -0.53% and mining stocks is very bearish for the medium and long-term, and it seems gold 0.05% is likely to plunge more within next 2.5 weeks and it seems $1130 target is very much likely to reach but it may even drop to $1060.We may touch a local bottom later this month, though and we’ll keep you informed regarding the possibility of seeing a bigger turnaround. we will keep you informed anyway many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 16.46 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.53% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
Are you prepared?Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 16.46 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver 0.58% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
7
Gold is on the Verge of the Next Major DeclineAt the moment of writing this alert our full 250% net short position in gold -0.34% 0.14% 0.79% , silver -0.13% -0.06% -0.26% and mining stocks are well justified from the risk and reward perspective.our positions are in good profit but it seems that our sizable profits on the short positions are going to become even bigger shortly. Summary-The next reversal date for gold is August 21st and the reversal date for gold stocks is August 23rd. With multiple factors pointing to a looming and significant decline and two important reversal dates in about 2.5 weeks, we can see a sharp slide very, very soon.we’re going to see a rally in the USD Index to the 98 level or so and this would correspond to a big slide in the metals and miners the outlook for the precious metals sector is extremely bearish and there are signs that we’re on the verge of seeing another big wave down and that the next local bottom is going to form in about 2.5 weeks. In other words, it seems that our sizable profits on the short positions are going to become even bigger shortly. The conclusion-our outlook for precious metals is very bearish for the medium and long-term, we will keep you informed anyway, many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 16.46 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
7
PMs Wednesday analysis At the moment of writing this alert our full 250% net short position in gold 0.14% 0.79% , silver -0.06% -0.26% and mining stocks are well justified from the risk and reward perspective. In other words, for the first time ever, we increased the position size to 250% of the regular position. GDX ETF-the outlook for mining stocks remains just as bearish as it was previously (extremely) and the same goes for the rest of the precious metals sector. Uncertainty Regarding Fundamental Factors-The Fed interest rate decision happened and this week will also feature the latest employment numbers,This means that the highest uncertainty is right now and precious metals should be rallying or at least be at some temporarily high price level. We haven’t seen any rally recently except for the very weak consolidation,PMs are not reacting as they should, which is a bearish sign. Now, if the markets are surprised in a big way positive for PMs, then we may see a temporary upswing… And nothing more than that is likely anyway. In other words, at this time, the worst-case scenario (for those aiming to profit on declining gold and silver prices) is that we’ll see a brief correction in profits after which they are likely to move to new highs anyway, as the medium-term decline continues. This is a rather unlikely outcome, though. The conclusion-our outlook for precious metals is very bearish for the medium and long-term, we will keep you informed anyway, many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
1
Ignored us now face the consequences This post is nothing just our brief journey in trading view about our profitable trades we predicted sell position in gold 0.11% and silver -0.06% When gold 0.11% was at 1358 and silver was at around 17.800, first post regarding our short view sent on March 8th, we took the entire profit out of the table @1260-gold and @16.100-Silver,multiple short-term trades has been executed while riding this fall including short-term buy After taking profit out@1260 we took only short-term trades until the yellow metal reaches 1231 and now our long-term trade is active once again in gold and silver. Enjoy many regards-Neeraj Pandey
FX:XAUUSDShort
by NeerajPandey
Some important changes in our long-term trading positionAt the moment of writing this alert our full 200% net short position in gold 0.79% , silver -0.26% and mining stocks are well justified from the risk and reward perspective. In other words, for the first time ever, we are increasing the position size to 250% of the regular position. Not much happened in the precious metals market at first sight, but this time the first look is misleading. Just because not much happened, it doesn’t mean that nothing changed. Conversely, we saw new signals that were important enough for us to change our current trading position. But it’s not something you’ll read about in the popular financial media. The thing is that the very subtle signs are visible only to those who know where to look. And financial journalists (who are not experienced analysts) generally don’t know where to look. If there is a major move in any direction, they try to find something that might have caused it and describe it in greater detail – but this is retrospective and doesn’t have significant (if any) predictive power. What does have this power are signs that have been proven to work over and over again that are confirmed by many other similarly effective signs. That’s what we saw yesterday. In the previous Alerts, we described the bearish implications coming from days when silver outperformed gold while miners underperformed it We saw it once again yesterday and the strength of this bearish signal is now very substantial. That was also the third consecutive close below the 61.8% Fibonacci retracement level in the HUI Index and this means that the breakdown is fully confirmed. This makes the outlook strongly bearish for the short- and medium term. The new and clear signal that we saw was gold’s very weak reaction to USD Index’s daily decline. The USD Index declined and it would be natural for gold to rally in this case. But it didn’t manage to form even a small rally. To be clear, there was an intraday move higher in gold, but nothing more. This move was quickly erased and ultimately – based on kitco.com’s prices – gold ended the day lower than on Friday. This is a very bearish confirmation that comes on top of multiple bearish signals and breakdowns. This means that yesterday’s session provided us with yet another very important indication of what’s to come. The clarity increased and the risk therefore declined, improving the risk to reward ratio. This is the cherry on the precious metals’ bearish analytical cake and – as crazy as this may sound – it seems to make an even greater short position justified than we had up to this point. Not much more happened and what happened was not particularly important, so we don’t have much more to add today except for the above. The conclusion-our outlook for precious metals is very bearish for the medium and long-term, we will keep you informed anyway, many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 12.80 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1080 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
HUI Index meltdownAt the moment of writing this alert our full 200% net short position in gold, silver and mining stocks are well justified from the risk and reward perspective. Yesterday we wrote about the invalidation of the HUI Index below the key fib level and also discussed that really seems very insignificant from this point or may even be over. We saw a huge decline in the HUI Index where it broke below our mentioned support. The reason of Big slide which we saw in the HUI Index was mostly due to one company-New Gold as there Q2 earning report was extremely bad and bad news regarding there new river project. , We witnessed the HUI index plunged yesterday and closed below the 61.8% Fib retracement, from here the breakdown is clearly verified and the implications are very bearish. Breakdown of silver stocks-Silver stocks already verified the breakdown below the November 2016, December 2017, February 2018 and June 2018. we cannot see any strong support till 2016 low, Believe it or not, This is like a dream come true factors for our silver short position, whether it sounds crazy but that's what silver stocks chart is suggesting us, GDX confirmation and platinum breakdown-The implication is bearish as the GDX ETF verified it's breakdown below the Feb low and we think there is much more room to go lower from this point whereas platinum slide has been a mystery since it started,platinum breakdown is still not confirmed yet as on a short-term basis we saw a small reversal in the metal,at the moment of writing this alert platinum is trading around $830,The odds are that we will see the full breakdown soon and without being biased to our short position we think the implication for the less popular metal is bearish anyway The conclusion-our outlook for precious metals is very bearish for the medium and long-term, we will keep you informed anyway, many regards-Neeraj Pandey Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 14.42 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1142 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.19% -0.06% reaches a very important support level, while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
Big decline is coming on your way,you are just ignoring it!!!At the moment of writing this alert our full 200% net short position in gold, silver and mining stocks are well justified by the risk and reward measurement. Yesterday USD Index declined to new weekly lows in intraday terms and we saw a small rally in gold, silver and mining stocks, The HUI Index also invalidates the previous breakdown as it moved back to its 61.8% fib retracement. If you have enough experience trading PMs you can see the gold chart in terms of yen and euro which makes it quite clear what's going to happen soon. Big decline is coming on our way and it seems that the correction could already be over. Overall it seems that we are going to take the massive profit out from our short position. We are already in profit but it seems we are going to take the massive profit out from our short position. Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 14.42 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1142 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.84% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
5
we can't help you without your supportAt the moment of writing this article our full 200% net short position in gold,silver and mining stocks is well justified from the risk and reward perspective,Before we begin our analysis we would like to do two things,first we want to say sorry as we didn't update you anything about precious metals while the number of things happened in between. personally we did close our short-term gold long@1260 and silver long before the decline continued again and after getting some profit out of the table we opened gold and silver short when gold was trading at around 1245 and closed this position at 1220,we send those analysis to our group but not here due to little engagement in our ideas by users but from now on we promise you that we will send our daily analysis here so no one will miss out these kinds of profitable trades and now the second thing is we would like you to check our analysis on gold and silver which we are attaching under this idea,That was our first idea send out for trading view where we predicted gold to fall approx 1218 when it was trading around 1350-60, same goes for silver ok now let's start-yesterday session was a tricky one where gold showed some major reversal signs while rest part of precious metals sector continued to decline, as gold is the most prominent part of precious metals sector should one trust gold's reversal? or should we go with the majority of the PM sector which suggests that nothing happened? was that a reversal for the entire PM sector? are we thinking to open long in gold and silver? the reply is clearer – no way. At least not based on what we saw yesterday. ok, let's take a look at USD index chart-https://www.tradingview.com/x/RHahFkSl we saw that USD Index rallied yesterday but before the day was even over it moved back pretty quickly below the previous highs thus giving us two invalidations of breakouts and as you know it is a bearish sign on it own, especially when the daily session is a shooting star candlestick. That’s a classic and strong bearish combination.let's try to dig more with the longer-term chart of USDX The important thing to note is that the current back and forth movement of price which we are witnessing is something very similar with what we saw in the huge rally of USD in 2014-2015 and we can expect the moves to play out in an identical manner in the future as well, On the long-term chart you can see that the USDX kept on climbing and it seems we are noticing something similar since late may. The most important thing is gold is declining even without the USD rally and it's showing a great sign that once USD rally is back, gold will plunge significantly Gold-Our previous analysis is well up-to-date there is nothing to change silver-Our previous analysis is well up-to-date there is nothing to change Gold's 2013 analogy we will not go into the details as for why we think the current situation is similar to 2012-2013 decline as we have already done this in our previous post but just to remind you In 2012 and 2013 gold was moving back and forth(we wrote the same thing that day, that was shocking of course) The action of moving back and forth changed pretty fast and gold declined form the upper part of the bow pattern to it's April's bottom,that was $200 decline in gold we witnessed in an hour or so and whether you believe it or not it can happen again, This kind of move will erase any long position standing on its path and there would be very little time to react and open a short position The conclusion-our outlook for the gold and silver is extremely bearish for the long term ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 14.42 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1142 Stop Loss: 1275
FX_IDC:XAUUSDShort
by NeerajPandey
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 16.83 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where price might potentially drop to our major support at 16.33 (horizontal swing low support). Stochastic (55,5,3) is also testing our resistance and a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX:XAGUSDShort
by Tickmill
Gold is about to crash or not?Hello guys first of all we would like you to check our previous analysis where we were predicting this outcome from two months but you were busy checking others traders charts whom solo purpose is to make there charts and analysis harder,i don't know but this makes them feel superior i think and they are right,you people also think that those traders are best whom analysis are complicated enough which you can't understand right? wrong we don't support this idealogy,if you are understanding what i am trying to show there is no point to even post that kind of ideas, ok enough talk let's come to our analysis,overall our long term bias is short in gold and silver and below we are listing the reason why 1- The USDX moved to new 2018 highs in terms of both intraday and closing prices 2-the USD is now likely to move to the next resistance or even higher 3-The next two target prices are at about 94 and 95. The former is provided by the December 2017 top and the latter is based on the October / November top 4- during yesterday’s trading, the USD didn’t move back below the previous May high. Instead, it closed a bit higher. This means that the breakout is being confirmed and that the mentioned bearish implications for PMs are getting more bearish. 5-What’s significant about gold is that the decline took place on enormous volume – the last time we saw a daily decline on volume that was even bigger, was in November 2016. That was the beginning of a powerful and sharp decline 6-The bullish factor here is the rising, long-term support line based on the December 2016 and December 2017 bottoms. It was just reached yesterday, which means that gold could show some temporary strength summary- we can expect a sharp decline in the coming days and weeks in gold,silver and mining stocks
FX_IDC:XAUUSDShort
by NeerajPandey