🪙 Gold ready to fall, quick analysis 🪙🪙 Gold ready to fall, quick analysis
🪙 In today's analysis, we will again look at gold this time on the 1H interval which, for me, has performed many confirmations of weakness.
🪙 Starting with indicators which all generate downward signals, ending with the fact that we are under key moving averages.
🪙 I encourage you to read the previous post on gold and observe this commodity in the next few days
🚀 If you like my analysis leave a like and follow my profile 🚀
Comodities
Brent oil will Explode soonDon't be surprised if Brent has a strong upward move in the coming weeks
Elliott waves, the key to market behavior
Market outlookThe S&P500 has done exactly as I feared.
Thesis: The US is transitioning. The US dollar was the reserve currency of the world. We exported dollars and it either sat in banks or was imported back as investment (Bonds and stocks). When we locked up Russia's money we made EVERY country re-evaluate their relationship with us. A significant pivot is happening on the macro scale. The US's future lies in how we make use of the US coming back home. I expect production of goods and base commodities to begin to truly take over for years to come. I do NOT expect to invest significantly in the S&P500 again until 2028-2032.
Things to keep in mind:
1. Valuations are still absurd. and either significant inflation or a drop in price is needed to bring them back to levels I would purchase at.
2. Relief rally should happen soon. Remember bear market rallies rip harder and faster than rallies in a bull markets.
3. The fed is squeezing the economy trying to reduce inflation. Until they pivot, expect lower lows.
4. There is a non-zero percent chance we enter a sustained bear market until 2028 ish. The first "real" one in 40+ years.
5. Commodities are looking great. They may drop for a bit longer but if you look back 50 years and adjust for inflation we are in the initial innings. For reference silver is 21.93$ and based on my calculations of inflation, its high was above 800.00$.
6. I am forecasting gold to go to 8000 over the next 6 years even if everything goes "well" for the west just due to the USD being revalued lower. If things get truly dicey I am expecting gold to reach 25,000 an ounce.
7. Remember the insidious nature of inflation. Even if we assume official levels of inflation are accurate and expect 5% for the next 5 years, cost of living will increase by at LEAST 29%. I expect levels closer to 80-300% increase cost of living based on my macro thesis.
Large unknown factors:
1. Europe is looking terrifyingly weak. If Europe begins to destabilize I expect a rush into the dollar for a time. This will have many unpredictable problems. We may see inflation cool for a time due to that but it just makes the problem bigger down the line.
2. If the US gov suddenly finds a cause that allows them to bless off on 50-200T in money printing I expect that to drastically shift what happens. It may prop up the stock market or it may be the final proof to investors they lost control and create a global bank run.
3. Contagions: in 2008 we saw one of the largest expressions of a contagion event. The entire financial world locked up. There are 100X's more dangers of similar events now than there where in 2008 because we never fixed the underlying problem and allowed it grow exponentially.
4. Food and energy are becoming huge global risk factors. Don't underestimate the global effects of wide spread starvation and loss of energy augmentation to humanity. My call is just based on the worlds Covid response. This is not even factoring in Russia and Ukraine. Western countries will be buffered from both of these trends but we will still strongly feel this through second and third order effects. Don't underestimate the power of starvation and lack of energy to produce large scale contagious risks unlike we have ever experienced in anyone's memory.
Gold (Fibonacci Analysis) Idea:
Long Gold (~May 22, 2022)
Price Entry @ $1,704.00.
Price Target @ 2000.00
XAU/USD long term sell scenarioFrom my study of price action from the daily timeframe I observed the following
1.From 1st March to the 8th March we saw price very bullish
2.From 9th March to 15th March we saw price strongly bearish
3.From the 16th March to 31st March we saw price play within a range
Currently i'm looking foward to how price will react below the range, i'm anticipating a strong sell off if I should see strong price break below structure.
COMPOUND looks to make a new high trend with breakout effect.Hello trading friends,
This is an update for COMPUSDT.
Depending on the study trend - we could enter a new high trend with a possible breakout of the compound.
Depending on the chart show, it shows the box close possibility trend.
60% + could be a possible increase trend for COMP coming time.
Don't expect to fast changes - market going on their way.
- This is not a trading call - Trade only depends on your setups.
Good time
SP500 Analysis Long SP500 Analysis Long Chart Daily Target 4588.6 Holding Period 12 Days Good Luck.
DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial
Oil on the breakout...Amid the current geopolitical news oil has tanked on the passed days pulling many energy prices up along with fuel prices. There are strong plans to maintain the current global oil prices with support from the US.
On a technical level, oil is also breaking out from an outstanding comeback from the 2020 lows of below $0.00. We are now trading above the $100 per barrel level with eyes set on the next levels of resistance. All time highs are not too far away and with current strength holding, this could continue to the upside over the coming days/weeks. Downside opportunities are looking unlikely heading into the remaining trading days of this week.
Crude Oil Finds Buyers on Dips | WTIWTI crude oil prices remain on the front foot at around $91.45, up 1.30% intraday while consolidating the first weekly loss in nine during Monday’s Asian session.
Although fears among the energy bulls could be spotted as the key catalyst for the black gold’s first weekly loss in multiple weeks, geopolitical noise surrounding Russia and Ukraine joins the OPEC+ supply concerns to keep WTI buyers hopeful. It’s worth noting that the Fed’s rate hike chatters and inflation woes add to the upside filters of the energy prices.
That said, Ukraine and the West continue to suggest an imminent Russian military attack on Ukraine. However, Moscow rejects the claims. Recently, a Reuters’ witness said, “Explosion was heard in the center of the rebel-held city of Donetsk in eastern Ukraine.” It’s worth noting that a diplomatic meeting between US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov can provide a ray of hope to witness a de-escalation of the geopolitical fears and hence the WTI bulls take a cautious approach ahead of the key meeting outcome.
Elsewhere, the OPEC+, a group of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, struggle to match the output hike promises. Recently, OPEC President Bruno Jean-Richard Itoua mentioned that the oil supply is not now enough and blamed oil companies for not investing enough. "OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday as they gathered in Saudi Arabia, rejecting calls to pump more to ease pressure on prices," said Reuters.
Alternatively, fears of the Fed’s faster rate hikes and inflation woes challenge oil traders at multi-month highs. On the same line is the latest risk-off mood, portrayed by downbeat US Treasury yields and stock futures.
WTI crude oil traders will keep their eyes on the Russia-Ukraine developments for fresh impulse ahead of the key US-Russia meeting late in the week. Should the tension de-escalate, the odds of witnessing a sharp pullback in the oil prices can’t be ruled out.
Technical analysis:
The 21-DMA precedes a monthly support line, respectively around $89.10 and $87.95, to limit WTI pullback. However, firmer RSI and ability to stay beyond key supports, not to forget strong fundamentals, keep oil buyers hopeful to renew 2022 high, currently around $94.00.
- WTI bulls keep reins despite snapping an eight-week uptrend.
- US highlights possibilities of imminent Russian invasion, Moscow rejects claims.
- DXY fails to cheer risk-off mood amid downbeat yields.
- Fedspeak, PBOC rate decision may offer immediate catalysts, PMIs, US PCE Inflation will be crucial.
- It's important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decisions. Be patient and look long-term wisely and never invest more than you can afford to lose.
Trading & Investing both are masters of RISK.
Please comment, like, and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
Crude Oil Lower Before HigherOPEC+ LEAVES JANUARY OUTPUT PLANS UNCHANGED BUT REMAINS FLEXIBLE TO OMICRON-RELATED SHOCKS
Yesterday the Organization of Petroleum Exporting Countries (OPEC), Russia and its allies, known as ‘OPEC+’, decided to stick to its original plan to increase oil supply by 400,000 barrels per day (bpd) despite the ongoing threat of Omicron on travel restrictions and the coordinated release of special petroleum reserves (SPR) by the US and others.
As a result, oil prices dropped sharply as the news filtered through to the markets with oil trading down 4% at one stage and trading well below $66. The sharp drop has appeared to be overdone as crude oil recovered to end the day in the green.
OPEC’s decision has been welcomed by the US after countless calls for the group to alleviate rising energy costs in light of rising inflation among developed nations. However, OPEC + remains flexible to the unknown effects of the Omicron variant as far as it relates to travel restrictions and ultimately the demand for oil, by keeping the meeting “in session”, allowing any
changes in the lead up to January 2022.
At the time of writing, the USOIL price stands at $68.750, Based on our forecasts a long-term price decrease is expected to be around -18.00%.
- Our option for #USOIL is TO KEEP WATCHING & WAIT FOR THE SELL-OFF MONTHLY CHART CONFIRMATION.
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
Please comment, like and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
Gold sep ideaWith NFP numbers, gold found its breakout to upside with low job numbers and it literally exploded in few minutes before the numbers.
But it reached to all-time resistance 1833 area and have significant resistance and need to have a clear breakout to confirm moving upside towards 1900.
It might come back to the area of `1810 to take support with an extension to 1801 to find its support before moving up and can have a significant pullback.
Anyways all in all final gold starts moving .....
DYOR and play safe
XAUUSD BullRUNOANDA:XAUUSD
We are currently expecting the GOLD market to continue rising and allow us to entry the market with long position, this is depending on breaking the resistance of 1825.86 level.
If the market breaks this level we are going to wait for a retest of the zone, use it as our support and entry the trade.
MACD shows a continuous bullish trend.
Basically there is descending channel pattern that has broken multiple times now and yesterdays break was pretty significant as the market seems to use 1774 level as a support again after 1month. Regarding this, if the market keeps bullish we are on a good way to get our profit.
Entry: 1825.86 (aprox.) - if retested
Let me know what u think.
XAUUSD Has Made A Double Top
Welcome back Traders, Investors, and Community!
Hi Traders, XAUUSD on H4 the price has made a Double Top and has got rejection by a large red candle which indicates it could go lower.
⬇️Sell now or Sell at 1840.38
⭕️SL @ 1848.01
✅TP1 @ 1813.00
✅TP2 @ 1794.11
✅TP3 @ 1753.55
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
XAUUSD Pullback on Daily
Welcome back Traders, Investors, and Community!
Hi Traders, XAUUSD on D chart is an uptrend however it might have a deep pullback before it continues to go higher
⬆️Buy now or Buy at 1744.50
⭕️SL @ 1660.25
✅TP1 @ 1828.25
✅TP2 @ 1875.15
✅TP3 @ 1959.30
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day