Get started

GOLD-SILVER

Gold Rush has BegunFalling Wedge broke upwards and started major bullish trend on 4 hour chart. This week I expect a big rise in gold and downtrend on DXY to continue which is good for gold. Intermediate-term price target of 2427-2465 has been opened. Price Target in Intermediate-term (6 weeks-9 months) : $2427-2465 Price Target in Long Term (More than 9 months) : $3000 Support Level : 2019.22-2041.49 Macroeconomic Situation : * Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver. * The crisis in the Middle East will push gold/silver price even higher.
TVC:GOLDLong
by TimiOnur
Gold is Picking up Where it Left off.I expect gold will cross 2135 high resistance zone and rise to 2200-2230 levels. Then continues uptrend after pulling back to 2135 levels which is the new strong support zone. 2019-2041 has been tested several times and there is a good support. Direction upward from here. I expect downtrend on DXY to continue which is good for gold. Formed Patterns : Ascending Channel Scenario : Gold will continue its uptrend by hitting the 2200-2230 levels and retreating to 2135. Price Target in Long Term : $3000 Support Level : 2019.22-2041.49 Trend Power : Extremely Bullish Macroeconomic Situation : Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver.
TVC:GOLDLong
by TimiOnur
Gold/Silver Ratio will Break the 375-day Triangle Pattern SoonGold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down. Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator. Scenario 1 : Gold/Silver Ratio quickly goes to 76 levels. Scenario 2 : Gold/Silver Ratio hits 81.58 and retreat to the 86. And then goes to 76.
TVC:GOLDSILVERShort
by TimiOnur
3
Silver Begins to BreakoutHammer pattern has formed in candlestick. Gold/Silver ratio is on top. Silver will most likely break its 665-days Triangle pattern. Now it is time to invest in Silver! Scenario : Silver will suddenly rise to 27-27.5 levels and begins consolidation at 25.7 levels. Price Target in Long Term : 44 Support Level : 23.56-23.77 Trend Power : Extremely Bullish Macroeconomic Situation : Due to the American debt crisis and interest rates will soon fall; individual investors, companies and central banks continue to buy gold/silver.
TVC:SILVERLong
by TimiOnur
5 ways to win with Gold and Silver in 2024Potential Narratives: 1. The Fed truly pauses and starts to ease, creating easier money conditions, money printing 2. Election year may be bullish for assets, metals have lagged 3. De-dollarizing theme globally is favorable for metals 4. More global conflicts potentially could cause more US debt, which favors metals 5. Weakness in the economy can cause metals to outperform even on the downside We love our stories and narratives. Emotionally it helps us understand the "why" something is happening. Metals have underperformed stocks, bonds, and real estate for years now. It wouldn't take but a few breakouts to get a trend started in metals. Gold is already at all time highs. Silver has more work to do. With more debt on the horizon and the world unhappy with each other, the case for precious metals as a store of value makes more and more sense. In the past, bullish runs in metals lasted for 8-14 years. If we say the current trend is a bull run, and we say it started in 2020, then we still have many years to see the cycle play out. maybe til at least 2028? Please feel free to add your comments and opinions below. cheers!
TVC:GOLDLong
by optionfarmers
💰📉 Zodiac's Influence: Gold Eyes $1850, Plummets to $1630 🌟🎯On December 22nd, there was a change in the Zodiac sign which revealed the manipulative tactics of the market makers. They artificially inflated the market by luring unsuspecting investors into thinking the market was bullish, thereby creating liquidity. However, by the end of the day, their true intentions were exposed as the price of gold sharply dropped, rejecting the high of $2070. See 22nd December 2023 Analysis here: By just holding above $2070, the game would have been completely different, and the setup could have turned out to be highly bullish. It's amazing how such a small decision could have such a huge impact on the outcome. Why is Friday’s close important? It is significant on the Zodiac calendar and can create a strong trend in either direction for multiple days. Gold 1hr chart: Rejection on the 1hr chart Based on the latest market analysis, it is highly likely that we will experience a bear market that will last for several days or even weeks into the new year. It is important to take this information into consideration when making any financial decisions to ensure that you are well-prepared and have a solid strategy in place. Don't let this news discourage you, instead, use it as an opportunity to assess your current investments and make any necessary adjustments to position yourself for success in the long run. Target 1: $1850 Target 2: $1630 How do I trade this? Let me tell you a story: The Parable of the Ten Virgins 1 “At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. 2 Five of them were foolish and five were wise. 3 The foolish ones took their lamps but did not take any oil with them. 4 The wise ones, however, took oil in jars along with their lamps. 5 The bridegroom was a long time in coming, and they all became drowsy and fell asleep. 6 “At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’ 7 “Then all the virgins woke up and trimmed their lamps. 8 The foolish ones said to the wise, ‘Give us some of your oil; our lamps are going out.’ 9 “‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’ 10 “But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut. 11 “Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’ 12 “But he replied, ‘Truly I tell you, I don’t know you.’ 13 “Therefore keep watch, because you do not know the day or the hour. Matthew 25:1-13 Lesson: 1. All the virgins knew that the bridegroom would come, but some still failed to meet him. Meaning: While it is possible to analyze market conditions and forecast the direction in which they are likely to move, it is important to remember that this alone does not ensure profitability. 2. Only the wise virgins who planned and prepared for whatever scenario happened were able to meet the bridegroom. This means that only traders who plan and prepare for whatever scenario plays out on their way to the target will benefit from it. I will stop here and not go further, I personally do not day trade. I am a swing trader and I am taking this trade under proper risk management. It’s not in my position to tell you how you take your trade.
OANDA:XAUUSDLong
by blacklegend55
$DXY trying to base daily but weekly shows ominous signThe US #Dollar is trying to base on the daily charts, again. Not making calls until we feel sure, many times we're posting just to show what we see. We've mentioned many times that calls are CLEAR when they are made. Breaking under doesn't mean impending doom, look at June how it came back. However, that is NOT the norm! Usually a break turns that support level into staunch resistance, for some time as well. Weekly, there's a BEARISH crossover. TVC:DXY #GOLD #SILVER #Bitcoin
TVC:DXY
by ROYAL_OAK_INC
SILVER - BIG MOVES! ✅Our last few analysis on Silver have played our perfectly. We identified we were in a 335 flat correction and we caught the wave B move higher. We're expecting 5 subwaves for wave C and we've seen subwave 1 and 2. Looking for subwave 3 now. Trade Idea: - Watch for the next wave lower - Anticipating price to stay below the highs = stops go above the highs - No clear entry as of yet but we'll be watching for a lower timeframe trendline break or BOS - Target: 21 Goodluck and as always, trade safe! See below for our previous setups:
OANDA:XAGUSD
by WicktatorFX
1
AUMN - Time For Another Big Risk/Reward Play?I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again. Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade . That's when you know you're wrong. Other than that, we have clear resistance areas above and, ultimately, are still hopeful for the long-term target.
ALong
by jstrasburger
IGOIndependence Gold appears to be entering a W3:3 from my perspective . If this is correct we should see a substantial price appreciation coming soon as confirmation . The companies properties are located in BC and the Yukon so in good jurisdictions which is important to me as i try to minimize investments in mexico and south america . Their exploration efforts have resulted in recent new discoveries . Their BC property is located near Artemis' blackwater project so that is a huge plus for potential silver discoveries . Also their management team is stacked full of seasoned mining professionals and geologists . Checks all the boxes for me .
TSXV:IGOLong
by SilvaBull
TradePlus-Fx|GOLD: another up impulse💬 Description: Most likely, we should expect another upward impulse for the metal in the very near future (1-2 days). The resistance level of 1972.454 is currently a trigger for activating long-positions on the market, which largely includes the positions of current sellers, who will be forced to switch from selling to buying. This impulse will most likely pass within the framework of the culmination, after which a rollback should be expected. However, we immediately note that the medium-term vision is also directed upward. ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
OANDA:XAUUSDLong
by TradePlus-Fx
11
The Intricate Dance of Gold and Oil: Exploring the CorrelationThe global financial landscape is a complex web of interconnected markets, where various commodities play pivotal roles in shaping economic trends. Two such commodities, gold and oil, often stand out due to their significance and influence on both the financial and geopolitical spheres. Despite their different applications and purposes, these commodities share an intriguing correlation that has captured the attention of economists, investors, and analysts alike. Understanding Gold and Oil: Gold, often referred to as the "king of precious metals," has been a store of value for centuries. Its appeal lies in its rarity, durability, and intrinsic beauty, making it a sought-after asset for investors and a symbol of wealth and prosperity. Gold is often used as a hedge against inflation, economic uncertainties, and currency fluctuations. On the other hand, oil, often referred to as "black gold," is a critical component of the global economy. It serves as a primary energy source, driving industrial production, transportation, and various other sectors. Oil prices are influenced by a myriad of factors, including geopolitical events, supply and demand dynamics, and global economic conditions. The Correlation: While gold and oil serve different purposes, they share an intricate correlation that becomes apparent under certain economic conditions. One of the key factors influencing their relationship is inflation. Both commodities have historically been viewed as hedges against inflation, and as a result, their prices often move in tandem when inflationary pressures are high. During times of economic uncertainty, investors tend to seek safe-haven assets, and both gold and oil can serve this purpose. For example, geopolitical tensions, conflicts, or economic crises can drive up the prices of both commodities as investors seek refuge in tangible assets. Additionally, the value of the U.S. dollar plays a significant role in the correlation between gold and oil. As gold is priced in U.S. dollars, a weaker dollar tends to make gold more attractive to international investors, leading to an increase in its price. On the other hand, a weaker dollar can also contribute to higher oil prices, as oil is traded globally in dollars, and a weaker dollar makes oil more affordable for countries using other currencies. Supply and Demand Dynamics: The correlation between gold and oil is not solely driven by macroeconomic factors; supply and demand dynamics also come into play. Both commodities are finite resources, and disruptions in their supply chains can lead to price movements that impact one another. For example, geopolitical events that disrupt oil production in major oil-producing regions can lead to increased uncertainty and a flight to safe-haven assets like gold. Conclusion on Gold & Oil The relationship between gold and oil is a multifaceted and dynamic one, shaped by various economic, geopolitical, and market forces. While the correlation is not always consistent and can be influenced by short-term factors, understanding the interplay between these two commodities provides valuable insights for investors and policymakers alike. As the global economy continues to evolve, the complex dance between gold and oil will likely persist, reflecting the ever-changing landscape of the financial markets. ================================================================ Gold & Bitcoin A Symbiotic Relationship Gold and Bitcoin, two seemingly disparate assets, have garnered significant attention in the world of finance and investments. One is a traditional precious metal with a history dating back millennia, while the other is a relatively new digital currency that emerged in the aftermath of the 2008 financial crisis. Despite their differences, an intriguing correlation has emerged between these two assets, captivating the interest of investors and analysts alike. This article delves into the relationship between gold and Bitcoin, exploring the factors that contribute to their correlation and the implications for the broader financial landscape. Understanding the Basics: Before delving into their correlation, let's briefly outline the characteristics of gold and Bitcoin: 1. **Gold:** - Precious metal with intrinsic value. - Long-standing history as a store of value and medium of exchange. - Physical presence as coins, bars, or jewelry. - Influenced by factors like inflation, interest rates, and geopolitical events. 2. **Bitcoin:** - Cryptocurrency created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. - Operates on a decentralized blockchain, providing transparency and security. - Limited supply capped at 21 million coins. - Subject to factors like market demand, technological developments, and regulatory changes. Correlation Dynamics: Several factors contribute to the observed correlation between gold and Bitcoin: 1. **Risk Perception:** Both gold and Bitcoin are often viewed as safe-haven assets during times of economic uncertainty or market volatility. Investors tend to flock to these assets in search of stability and protection against potential downturns in traditional markets. 2. **Inflation Hedge:** Gold has historically been considered a hedge against inflation, as its value tends to rise during periods of currency devaluation. Similarly, Bitcoin's fixed supply and decentralized nature position it as a potential hedge against inflation, attracting investors seeking alternatives to traditional fiat currencies. 3. **Diversification Strategy:** Institutional and retail investors alike often incorporate both gold and Bitcoin into their portfolios to achieve diversification. While gold is a tangible asset, Bitcoin offers a digital alternative, providing a diverse range of options for investors looking to spread risk. 4. **Market Sentiment:** Perceptions of market sentiment can significantly impact the prices of both gold and Bitcoin. Positive sentiment towards one asset class may spill over into the other, reinforcing their correlation. 5. **Macro-Economic Factors:** Economic factors, such as interest rates, global trade tensions, and geopolitical events, can affect both gold and Bitcoin prices. Changes in these macro-economic conditions often lead to a synchronized movement in the values of these assets. Implications for Investors: Understanding the correlation between gold and Bitcoin can have practical implications for investors: 1. **Portfolio Allocation:** Investors looking to create a balanced and diversified portfolio may consider incorporating both gold and Bitcoin to mitigate risks associated with traditional asset classes. 2. **Risk Management:** Recognizing the correlation dynamics can aid investors in managing risk. During periods of economic uncertainty, a diversified portfolio with exposure to both assets may provide a more resilient investment strategy. 3. **Market Monitoring:** Keeping a close eye on macro-economic factors, market sentiment, and developments in the cryptocurrency space is crucial for investors seeking to capitalize on potential opportunities arising from the correlation between gold and Bitcoin. Conclusion: The correlation between gold and Bitcoin, though not perfectly aligned, showcases the evolving landscape of modern finance. As traditional and digital assets continue to intertwine, investors are presented with new opportunities and challenges. Understanding the factors influencing the correlation between these two assets is essential for making informed investment decisions in an ever-changing financial environment. Whether seeking stability in precious metals or exploring the potential of decentralized digital currencies, investors must navigate the complexities of this symbiotic relationship. ================================================== The above was me playing around with very specific questions on ChatGPT. I have seen the relationship of Gold with Oil over the last 20+ years of my trading career and found it interesting to look at Gold alongside Bitcoin in recent years. Many speculate Bitcoin as a payment system. I see more a role for XRP there, Bitcoin however, I see more closely aligned with Gold and a similar function. Although you could argue Bitcoin can do both - you almost wouldn't want that. As much like gold to the dollar or the dollar back to the stock market; investors need an inlet and and exit strategy. For me it's a fascinating topic and would love to open up a channel of discussion here below covering SP500 (SPX), Gold and Silver, Oil and of course Bitcoin. What do you make of the dynamics? The current sentiment and of course the current global position?
FX:XAUUSD
by Mayfair_Ventures
2