Commodities
SILVER LOOKING FOR A SUPPORT TO START 2025 HELLO TRADERS
As I can see Silver is now rejected from ATH 35$ and looking for a support to make new ATH as we had mention in our analysis for Weekley based view on Silver for incoming 2025
technically its now trading under the support zone which was 32$ we expected one more retest to that level so it kiss the Fib Golden Ratio 0.50 zone which is our selling zone till design TP
Friends its just a trade idea share Ur thoughts with us
Stay Tuned for more updates
GOLD SELLING ZONE WITH CPI AHEAD 4HRHELLO TRADERS
As I can see Gold on shorter TF it could drop till these levels bestselling zone drawn based on technical re-test after breakout to downside on channel and tested fib Golden ratio 0.50 Friends chart is easy and simple to read technically we can see a stronger DXY pulling toward 106.00 levels geopolitical issue are going on but technically its was overbought and Weekley RSI above on 70 zone incoming strong CPI Data can make some volatile moves in markets this week Russian president Putin Continue talk with Trump on Ukraine War Friends it's just a trade idea only based on technical analysis share Ur thoughts with us and Stay Tuned for more updates
SILVER My Opinion! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 31.3070 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 32.361
Recommended Stop Loss - 30.604
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USOIL: Move Down Expected! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 6.976.8$
Wish you good luck in trading to you all!
Gold Price Today (Nov 9): Reversal and DeclineOn Friday, gold prices recorded a sharp decline, marking the biggest weekly drop in over five months. This decline was primarily driven by two main factors: the strength of the US dollar and expectations surrounding US interest rates, particularly in light of the potential re-election of Republican candidate Donald Trump. The strengthening of the greenback created downward pressure on gold, which typically suffers when the US dollar appreciates. At the same time, expectations that the Federal Reserve (Fed) may maintain high interest rates for an extended period to control inflation also added pressure on the gold market, causing investors to shift towards assets with higher yields.
Gold prices reversed course, registering a decrease of 24.2 USD, falling to 2,684.6 USD per ounce for spot gold. According to technical analysis, the resistance level at 2,706 prevented further gains, leading to a drop toward the support level at 2,685. If this downward trend continues, gold may test the previous support level at 2,648, and the possibility of breaking through this level cannot be ruled out.
As we head into the new week, it remains uncertain how gold prices will behave. Will they rise or continue to decline?
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Barrick Gold (GOLD): Up 33%—Time to Take Profits?What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Barrick Gold is following suit. However, after every rise, a setback—whether major or minor—will happen sooner or later, and we’re definitely not getting greedy here.
We’re going to take our first profit now and move our stop loss to break even. If we decide to reenter with a second position, we’ll let you know with a new limit.
For now, we’re just enjoying this setup and the profit. Let’s keep this going 🔥
Gold (XAUUSD): Is a Long-Term Cycle Ending Soon?We came across a long-term view of TVC:GOLD on the monthly chart, and it’s hard to ignore what it suggests. Since 1980, Gold has shown clear Elliott Wave structures, with Wave III respecting key Fibonacci extension levels. Now, we appear to be concluding Wave V, which could mark the end of a multi-decade cycle.
While the RSI on the monthly timeframe is overbought, it’s not definitive on its own. However, when paired with the chart structure, it raises concerns. We expect a potential max price for Gold at $3,000, a significant psychological level. If this marks the end of Wave V, Gold could retrace to a range of $1,400-$1,700 as part of a major correction.
An alternate scenario is that we’re still concluding Wave III, with more upside left. Either way, we anticipate a short-term push above the current trend channel, targeting $2,910-$3,000, before a correction for Wave (4). Alternatively, breaking the trend channel prematurely could trigger the start of this correction sooner than expected.
Our short-term target is $2,420-$2,150 before resuming a push to $2,900-$3,000. Alerts are set, and we’ll provide updates or potential setups as this unfolds.
Three days after elections and one after FED cutStarting with #VIX the value decreased a lot after elections showing the decrease in investors fear
With less fear we can follow the #SPX #DX1! #BTC1! which strongly rise their value.
Commodites in general seems to had loss some points with Dollar strength, in this chart we can watch #GC1! and #BZ1! as benchmark
In the case of Brent we can see a double top even with line chart.
#US10Y decreased after 25bp cut nevertheless with Trump election US will probably activate more worldwide tariffs and this can lead to an increase in prices, and so the next couple months CPI will be a important measure to look at US economy in the future. So even it's decreasing and bonds are inversly to prices, I should keep an eye on it
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.08239$
Wish you good luck in trading to you all!
GOLD: Long Signal with Entry/SL/TP
GOLD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry Point - 2690.7
Stop Loss - 2669.9
Take Profit - 2732.4
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
XAUUSD - Gold after the FOMC?Gold is located between EMA200 and EMA50 in the 4H timeframe. Gold reached its analysis target of the previous day. In case of upward correction due to today's economic data, we can see supply zone and sell within that zone with appropriate risk reward.
The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term.
The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance.
In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner.
During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.”
Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
Gold price today, November 8: Reversing to go upGold prices jumped today as the US Federal Reserve (FED) cut interest rates by 0.25% as the market had predicted. Accordingly, the US base interest rate fell to 4.5-4.75%. This is the second time in 2024 that the FED has cut interest rates to reduce inflation to the 2% target and boost economic growth.
Lower interest rates have put pressure on the value of the USD and bond yields to fall, after rising sharply on November 7 - the time Donald Trump was elected US President. Since then, gold prices have become attractive to investors.
Bloomberg news agency reported that central banks around the world are concerned that Mr. Trump's policies could lead to slower global economic growth and higher inflation.
Analysts say that in the long term, the world gold price will continue to heat up because President Donald Trump intends to impose high import taxes. At that time, the price of goods in the US will increase, affecting inflation, causing the USD to depreciate, pushing the price of gold up.
🔥 XAUUSD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
Gold ReboundsAfter Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce.
Looking at the technical chart at 4:00 PM, with support at $2,650, gold prices have started to rise again and are testing the resistance level at $2,707. If gold breaks through this resistance, it is expected to regain momentum and continue to rise towards a new target. However, if gold fails to break through the resistance, it could fall back to the support level of $2,683.
During this time, make sure to closely monitor the market to respond promptly to any unexpected developments!
Are Silver Miners Poised to Outperform Gold Miners?Introduction:
At the start of 2024, we were strong advocates for precious metals, and this strategy is paying off. Gold is consistently reaching new all-time highs, while silver is surging to levels not seen in over twelve years, finally capturing public attention. However, during a genuine bull run in precious metals, it's crucial to watch for mining stocks to outperform the spot prices of the metals. The lesser-known secret among gold enthusiasts is that investing in mining stocks often yields higher returns than holding physical metals.
Analysis:
Spot Prices vs. Mining Stocks: While gold and silver spot prices are making impressive gains, the true potential lies in mining stocks. Historically, mining stocks outperform physical metals during strong bull runs because of their leveraged exposure to rising metal prices.
Silver Outperformance: We focus on the potential for silver to outperform gold, especially as silver has been gaining momentum. In this context, it's key to monitor the performance of silver miners (SIL) compared to gold miners (GDX).
Broadening Wedge Pattern: Currently, the ratio between SIL and GDX is forming a broadening wedge pattern. A breakout from this pattern could signal a surge in silver mining stocks, indicating a shift where silver miners may start to outshine their gold counterparts.
Conclusion:
As precious metals continue their strong performance, the focus shifts to mining stocks, where the potential for higher returns lies. A breakout in the SIL-to-GDX ratio could mark the beginning of a new phase, with silver miners taking the lead. Traders and investors should keep a close eye on this ratio as a key indicator of the next big move in the precious metals sector. What are your thoughts on this potential shift? Share your insights below!
Charts: (Include relevant charts showing the SIL-to-GDX ratio, the broadening wedge pattern, and potential breakout targets)
Tags: #Gold #Silver #MiningStocks #PreciousMetals #SIL #GDX #TechnicalAnalysis
Gold's Slide: A Deep Dive into Today’s Sharp DeclineGold prices took a steep hit today, plunging below the critical $2,700/ounce mark and trading around $2,655, shedding over 800 pips from yesterday’s levels.
This sharp decline is largely driven by the strength of the U.S. dollar and the Federal Reserve's high interest rates, which have dampened gold's appeal for investors. The rising rates increase the opportunity cost of holding gold, nudging capital flows toward higher-yield assets.
Forecast Should the downward trend persist, gold may test lower support levels near $2,607, following a Fibonacci retracement. Investors are advised to consider short positions while closely monitoring market fluctuations in the near term.
XAUUSD 1day MA50 and Channel bottom tested and held. Strong buy.Gold / XAUUSD hit today the 1day MA50 for the first time since August 5th 2024.
This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up.
The 1day RSI hit and is rebounding on its own 5 month Buy Zone.
This is a textbook buy signal on very low risk (Channel Up bottom limit).
Buy and target 2840 (+7.50% from the low, a standard bullish leg rise within this Channel Up).
Previous chart:
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GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets...
Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded.
Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell...
Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume
Resistance levels: 2670, 2685, 2696
Support levels: 2652 (trigger), 2637, 2624
A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!