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VALE: Elliott Wave AnalysisWe're looking at an Expanded Flat correction in Wave 2, with Wave C forming a Complex Corrective ABCDE triangle pattern After breaking down from the triangle pattern, Wave C is likely to terminate near major support levels (~$7.50-$6). Implications for Wave (3): Once Wave (2) concludes, a powerful impulsive Wave (3) is expected, with targets around: $27-29 (161.8% extension). ~$40 (261.8% extension). The triangle within Wave C suggests exhaustion of the bearish trend, setting the stage for a multi-year rally. Based on Vale's goals in producing and expanding on their "energy transition" metals like nickel (currently the second largest nickel miner in the world) and copper, and the demand for EV batteries. It's likely that Vale will benefit. This is a long projection so Vale will have to execute on all its timelines and goals for production capacity. Best of luck all.
NYSE:VALELong
by HassiOnTheMoon
GOLD increases and decreases in opposite directionsThe world gold price listed on Kitco is at 2,633 USD/ounce, up 3 USD/ounce compared to early yesterday morning. Gold futures last traded at 2,654.6 USD/ounce, down 0.5 USD compared to yesterday morning. Gold prices fluctuated slightly on Friday (December 6), marking the second consecutive week of decline. The precious metal has lost about 0.5% of its value this week, after hitting its lowest level since November 26 in early trading. During the day, gold prices barely reacted to the jobs data expected last week. The latest report shows that although job growth remains fairly stable, signs of weakness have begun to appear in the US labor market. According to the US Bureau of Labor Statistics, 227,000 new jobs were created last month, far exceeding experts' expectations. However, the unemployment rate increased to 4.2%, higher than 4.1% last month. Economists predict this ratio will remain unchanged. Although job growth remains strong, economists say the latest data will not stop the US Federal Reserve (Fed) from cutting interest rates by 25 basis points at its upcoming meeting. However, some analysts note that the Fed's easing cycle could run into trouble if job growth extends into 2025. Gold prices may test the support level of 2,550 USD/ounce and the resistance level of 2,700 USD/ounce in December 2024. The trend in the next few weeks is that gold prices may decrease due to profit-taking activities. Regarding the medium-term trend, the support level of gold prices remains firm, but it is unlikely that there will be a strong breakthrough in the upward direction in the near future. Gold prices benefit from lower yields, continued rising geopolitical risks and uncertainty surrounding future policy implementation and global impact under the Trump administration.
OANDA:XAUUSD
by Xayah_trading
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors? --- A Safe Haven in Chaotic Times During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal. Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation. --- Macroeconomic Trends Supporting Gold Prices 1. Monetary Policy and Real Interest Rates Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset. 2. Growing Demand for Gold Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth. 3. Geopolitical Tensions Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value. --- Gold in the Digital Age Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market. --- Forecast: Will Gold Hold Its Shine? Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include: - Further interest rate cuts in Europe and the United States. - Rising geopolitical and political tensions, increasing demand for protective assets. - Sustained high demand from central banks and financial institutions. In the long term, gold appears to be an excellent hedge against inflation and market volatility. --- Conclusion Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio. Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
OANDA:XAUUSDLong
by InvestMate
4
SILVER My Opinion! SELL! My dear followers, This is my opinion on the SILVER next move: The asset is approaching an important pivot point 31.108 Bias - Bearish Safe Stop Loss - 31.335 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 30.689 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67.101. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
2
GOLD / Dropped $47 and Reversed, Again Bearish MomentumGold Technical Analysis The price dropped and reached our targets 2623 and 2613 and reversed quickly, as we mentioned yesterday, Today also has a bearish momentum as long as trades below 2653 will drop to get 2623 and 2612, below 2612 will touch 2585, and we have the retest possibility to 2653. To be a bullish trend till 2661 and 2678, the 4h candle should be closed above 2653. Key Levels: Pivot Point: 2641 Resistance Levels: 2653, 2661, 267 Support Levels: 2624, 2612, 2585 Trend Outlook Bearish Momentum: Dominant as long as the price remains below 2649 and especially 2638. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors? --- A Safe Haven in Chaotic Times During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal. Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation. --- Macroeconomic Trends Supporting Gold Prices 1. Monetary Policy and Real Interest Rates Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset. 2. Growing Demand for Gold Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth. 3. Geopolitical Tensions Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value. --- Gold in the Digital Age Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market. --- Forecast: Will Gold Hold Its Shine? Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include: - Further interest rate cuts in Europe and the United States. - Rising geopolitical and political tensions, increasing demand for protective assets. - Sustained high demand from central banks and financial institutions. In the long term, gold appears to be an excellent hedge against inflation and market volatility. --- Conclusion Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio. Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
OANDA:XAUUSDLong
by InvestMate
GOLD FURTHER SELL OFF?! (UPDATE)Even today's NFP data couldn't push enough volatility into Gold to invalidate our structure🦾 Today's positive NFP data should have pushed Gold down aggressively, but price is still ranging within a 'Flat Corrective' schematic in-between Wave A & Wave B. We will see push Gold down but ONLY AFTER a 'Flat Corrective' phase has finished playing out. The market will flush out & liquidate all the impatient traders first, then push us higher profits.
OANDA:XAUUSDShort
by BA_Investments
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading. At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again. Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
TVC:USOILLong
by Trader_Marvin
1
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic finish to the week with our chart levels respecting and playing out like we analysed. We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces. This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors? --- A Safe Haven in Chaotic Times During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal. Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation. --- Macroeconomic Trends Supporting Gold Prices 1. Monetary Policy and Real Interest Rates Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset. 2. Growing Demand for Gold Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth. 3. Geopolitical Tensions Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value. --- Gold in the Digital Age Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market. --- Forecast: Will Gold Hold Its Shine? Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include: - Further interest rate cuts in Europe and the United States. - Rising geopolitical and political tensions, increasing demand for protective assets. - Sustained high demand from central banks and financial institutions. In the long term, gold appears to be an excellent hedge against inflation and market volatility. --- Conclusion Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio. Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
OANDA:XAUUSDLong
by InvestMate
XAUUSD Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US. From a technical perspective, an intraday breakdown below the 100-period Simple Moving Average (SMA) on the 4-hour chart and a short-term trading range support near the $2,633-2,632 area was seen as a key trigger for bearish traders. The subsequent swift recovery, however, warrants some caution before positioning for any further losses. Meanwhile, any further move up is likely to confront some resistance near the $2,649 region ahead of the $2,655 supply zone. Some follow-through buying beyond last Friday's swing high, around the $2,666 area will shift the bias in favor of bulls and allow the Gold price to reclaim the $2,700 mark.On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which the Gold price could slide to the November monthly swing low, around the $2,537-2,536 area. The downward trajectory could extend further and eventually drag the XAU/USD to the $2,500 psychological mark
FOREXCOM:XAUUSDShort
by KingForex078
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range. I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range. Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals. I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year. Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues. It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs. Again, I expect a very flat day for the SPY/QQQ. Stay safe. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1