The Golden Leap! Have you caught a bid already!? The Leap has started! Yeah!
We have got 30 days to win $10 000, risk free.
This is a special paper trading competition and the top 5 people with the highest profits after a month will win cash prizes of $10,000, $5,000, $3,000, $2,000 and $1,000.
Plus, anyone with their account in profit gets a month of TradingView. Epic.
61 858 Traders are registered for this competition!
Well.. sounds good, and yes, I have started already! Well done!
This is my 1st The Leap entry, The Epic 30 oz. Bullish Call on Gold OANDA:XAUUSD .
Why isn't? 😄
Gold is on its positive path, since October 2023, firmly above its 26- and 52-weeks SMA.
Technical graph indicates robust wedge' breakthrough is right there!
Happy trading to everyone! See y'all a few days later!
Full T&C can be found here .
GLD
Where is $ flowing into? Central Banks = Gold. Retail = $BTCGood Morning
Let's see how CRYPTOCAP:BTC handles this next resistance level. Currently it is above.
Assets, not #Dollars!
Where are can you put your hard earned $???
Into #equities with high PE's?
Into #commercialrealestate?
#BTC #Bitcoin
#GOLD & #Silver as well as they have stood the test of time.
Potential triangle in XAU/USD
After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count.
Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle
with E wave forming complex correction pattern
If the price does not go under 2012
this could be a start of the next move up to 2200-2300 area
Friendly Reminder You Don't Own Enough Bitcoin.
The Dawn of the Final ETF Approval Week - Everything will change.
Bitcoin will obliterate Apple returns
Bitcoin will obliterate SPY returns
Bitcoin will obliterate Gold returns
Bitcoin will obliterate Silver Returns
Anything plugged into Bitcoin related or touching bitcoin will be rocket launched into an entire new global standard.
I have come to the conclusion that smart money will enter this first being convinced of a new turning of the way we will live life in the next century meaning they will move first.
At the $200,000 mark many will sell calling the top
(you will know they're wrong due to zero on chain data proving this top)
I suspect after $300,000 appears in a short period the first batch of doubters will start to enter the market.
After $600,000 is breached there will be motions moving and outrage to shut Bitcoin down calling it the next "2009" the next Mortgage backed securities"
(This will cause major short interest and major Puts following the consensus that this is a bubble and not a supply shock)
Reaching the $1,500,000 people short and call writers will be entering margin call territory.
Remember the hard critics of Bitcoin who will give in around the $1,500,000 - $2,500,000 mark over the next years, this will mark the start of the extended bear market.
So the question is do you own enough Bitcoin?
Silver is setting up for a short term collapseSilver seems to be setting up for a beating. Its forming a rising wedge, whos top aligns with a strong resistance. The rsi and macd are forming obvious bearish divergences. I believe that the light holiday liquidity, alongside the bearish setup, is a recipe for a beautiful buying opportunity
Gold/XAUUSD ~ Blow-off Top Keeps On...Blowing? (2H)TVC:GOLD chart mapping/analysis.
Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year..
Trading scenarios into EOY:
Selling pressure towards 50% Fib initial support zone.
Bearish EOY capitulation target = Golden Pocket support zone.
Expect any bullish reversal to be met with sellers, pending underlying relative strength in DXY/bond yields.
38.2% Fib / 200SMA confluence zone as potential target for short positioning, TBC.
$DXY US Dollar looks primed again#GOLD & #SILVER are still selling off since we made the call, very close to top.
CRYPTOCAP:BTC is suffering its biggest drop since august of 2023.
The US #Dollar really looks like it settled at the 102 area.
Not a normal area to find support but it can happen.
TVC:DXY seems as if it wants to conceivably push higher from here.
AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
Gold > Silver, $DXY done? $BTC best performer latelyGOOD MORNING
#GOLD is currently holding better than #Silver.
Has the US #Dollar run stopped or will it find support soon?
Out of all of these CRYPTOCAP:BTC has been the best recent performer, by a good amount.
Keep an eye on strength (RSI), it's still weakening as it goes higher.
However, $ flow has been increasing.
Gold not showing good signs the last 2 daysThe last two days are not a good sign for #GOLD bugs
But we said that on Sunday...
WHY do we say this?
Sunday was an ugly reversal
Huge volume with bearish engulfing yesterday
Follow through selloff today as well
We could be seeing a top for some time.......
AMEX:GLD NYSE:NEM TVC:GOLD NYSE:AEM NYSE:FNV NYSE:WPM
$GOLD Bulls Need What?Gold achieved a historic milestone with a record monthly close in November 2023. For gold bulls, the next crucial step is the formation of a bullish consolidation, potentially leading to a bull flag pattern on the weekly chart. However, the path ahead is not without challenges, as indicated by the significant resistance levels depicted by the blue lines on the chart. These lines represent critical points that gold prices need to overcome to maintain their upward trajectory.
$DXY keeps crumblingSince our call the US #Dollar has crumbled. In currency those are big moves.
Yesterday we said that it looked as if TVC:DXY wanted to settle a bit. However, it was an unusual area for it to find a "bottom". It eventually reversed & went lower in the day.
The yellow lines are more likely a target & will cause some sort of bounce when/if they reach them.
Weekly shows the hit best.
TVC:DXY CRYPTOCAP:BTC #Gold #silver
GDX: Bullish Inverse Head and Shoulders Bottom In PlayGold is up an even 10% year to date. The precious metal has frustrated bulls at times in 2023 but falling real interest rates over the past several weeks have undoubtedly been a boon. While it’s encouraging to see spot gold climb above the $2000 per ounce mark, I see potential upside in the VanEck Gold Miners ETF (GDX).
Notice in the chart that the portfolio of gold mining companies, Newmont Mining (NEM) being the biggest weight, is working on a bullish inverse head and shoulders bottom formation. I see a key neckline around the $30 mark while the low under $26 from early October represents the head. If we project that $4.50 height onto the neckline, then an upside measured move price objective to near $34.50 would be in play.
Something to watch heading into year-end is how the US Dollar Index performs. Surely a move toward 4% on the 10-year Treasury Note rate would be a macro tailwind for gold and the gold miners, but a drop under 100 might also help commodities writ large. What could cause such a combination of lower rates and a weaker greenback? Softer economic data, including a weak payrolls report due out on Friday, December 8, might be such a catalyst. As it stands, four rate cuts are priced into next year which offers a solid backdrop for precious metals heading into 2024.
$GDX Bull Flag Poised to Break OutThe AMEX:GDX , a notable gold miners ETF, is currently displaying a Bull Flag formation, indicating a potential breakout on the horizon. My perspective remains that we are on the cusp of a significant breakout, one that could not only impact the gold market substantially but also trigger an even larger movement in mining stocks. Admittedly, I've held this view for some time, akin to the old saying that "a watched pot never boils," suggesting that sometimes anticipation can make the wait feel longer. By mentioning this, I might be tempting fate with the market, yet I believe that this breakout could occur unexpectedly, perhaps when it's least anticipated by most investors.