Bitcoin has often been described as digital gold, even though the price has more closely followed the stock market. However, BTC has closely been following Gold since Sillicon Valley Bank went insolvent. In my view, this has to do with the fact that people are hedging themselves against further banking crises and potentially losing large parts of their...
It will be a risky week for Gold investors with several high-impact macroeconomic data releases from the US and the Fed’s policy announcements carrying the potential to trigger wild fluctuations. At the beginning of the week, NBS Manufacturing PMI and Non-Manufacturing PMI from China will be watched closely by market participants. In case the PMI surveys point to...
It will be a risky week for Gold investors with several high-impact macroeconomic data releases from the US and the Fed’s policy announcements carrying the potential to trigger wild fluctuations. At the beginning of the week, NBS Manufacturing PMI and Non-Manufacturing PMI from China will be watched closely by market participants. In case the PMI surveys point to...
XAGUSD was trading in bullish parallel channel, and now break through channel. Channel breakout and 0.50 to 0.61 % Fib replacement indicating a down trend. what's your thoughts on this ?
Descending wedge / falling wedge. Bullish!. break out is imminent.
Copy paste, please see profile 1/2 IMPORTANT $DXY As this affects: #stocks #gold #silver #btc #ETH #crypto Been meaning to post on US #Dollar, haven't had chance 4 of last 5 days have been battle, cross formation Makes sense since @ SUPPORT, blue line Positive Divergence on RSI $GLD $SLV $BTC $ETH - 2/2 HISTORICALLY, weekly basis: US #Dollar has HARD time...
As we can see we've a good trend for a long strategy. The candles have already tested the support line, but the price of silver continues to rise, and we believe in more higher highs and higher lows, at least until the orange line to be tested (it's a daily resistance, that I've been using for a long time)
Silver is just sitting on top of the prior consolidation zone (pink) , monthly demand right below it. (also there is weekly demand right ath the level.) The confluence with OTE makes me think that this may be a good area to start some Silver exposure, and adding full size if it dips down into demand and reclaims pink again.
On the XAUUSD chart, a clear SMC setup is seen. After the liquidity grab, the price has reacted to the weekly daily-refined supply zone with a Head and Shoulders formation (4H). To complete this formation, the price might bounce off the 4-hour flip zone. Drops, breaking through the support and making the next break of structure, can stop at the nearest demand zone...
If US Core PCE y/y comes in above 5.2% US Core PCE m/y above 0.5% Then expect USD buying XAUUSD selling SP500 selling
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
I missed an entry when gold and silver were going up and providing setups for a long and the only reason I did it was that I concentrate on enrty with GBP/USD. All day this pair was not giving you anything I guess because of Putin's speech and the upcoming FED interest rate. I planning to go short on GBP/USD. Let see.
Crude Heading towards new ATH shortly 7600/8100/9000++ Commodities cycle starting
Close eye's on the commodity market today, after a beautiful corrective move on silver we are looking for sells to capitalise on the next wave down, looking for price to break above the Asian session consolidation and test the daily supply zone identified above, if price follows the projection we will be waiting to see rejections and entry confirmations on the...
There are a lot of predictions regarding gold and how it's going to start its bullrun and a move to 5000 in the next 1-5 years but I really don't see it that way. In this 6 month candle chart you can see that in the next 7days we will be closing and confirming what seems to be a potential "Gravestone Doji" signalling a trend reversal . Also we are inside a...
In last session trade moved back 1814 level. Gold is still in down trend channel and will be accumulation range as shown in our previous chart. Red zone will be support area if it breaks this then we will see continuous sell pressure which can take it to extreme bottom. In alternative scenario we can see gold will hit $2400 if potential support remains intact....
-INTRODUCTION- Silver has recently reached a new low at the 20.500 level. After reaching a new low, the price has formed a bearish flag channel, retraced, and retested the previous support level of 20.200. Therefore, we will be looking to enter sell positions after a confirmation of a short-term trend change. -TRADING PLAN- The price was strongly rejected after...