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GOLD-SILVER

Weekly wrap and preview - SPX USOIL GOLD and SIlverA move up to 4375 area is likely in the morning to test the channel. I expect a failure but if they get over 4380 they will likely fill the gap at 4404 on spx cash. Us oil needs to get over 88 convincingly to be a solid long, right now it's just chopping around confusing both sides. Gold and SIlver both broke down and now are retesting structural resistance, it's a short opportunity but it doesn't mean it will work. On a monthly chart both could be seen as a false breakdown. Good luck!
SP:SPX
by the_sunship
11
Metals Setup Apex "V" (PANIC) Bottom - Rally Will ContinueGold and Silver are setting up a nearly perfect deep "V" bottom after a bout of PANIC selling over the past few weeks. This sets up a move for Gold to rally above $2250 and Silver to rally above $28.50. Ultimately, I believe Gold will exit the Setup Phase and peak in the next phase, the Breakaway Phase, above $2450. Silver will follow with a rally to levels above $31 as it moves away from the Setup Phase and peaks in the Breakaway Phase. These are big moves for Gold and Silver - 15% to 25% or more. This also sends a clear message to the general/global markets that traders are hedging the uncertainties of the conflicts and the central bank/global economy credit issues. I see the next 14 months, before the US POTUS elections (Nov 2024) and possibly a few months beyond, as very concerning for the US/Global markets. Where will the economic growth come from to drive expansion? China is contracting. Asia is contracting. Europe is contracting. The US is still operating reasonably well, considering much higher interest rates. Canada is still holding up okay, considering an extremely over-inflated asset bubble. How long before something breaks if the US Fed decides enough is enough and moves to PAUSE rate hikes? I guess we won't see a pause in the US Fed until possibly May/June 2024. And that will drive a fear/hedging/panic cycle where USD assets and precious metals become an effective hedge against risks. Pay attention. This next move in metals should be very explosive.
COMEX:GC1!Long
by BradMatheny
gold h4 5 waves sequence short from resistance🔸Hello traders, today let's review 4hour price chart for gold. Downtrend in progress currently, however oversold conditions so a bounce is likely/possible short-term. price chart is still weak and expecting more losses in this market after the bounce. 🔸Recent downtrend is defined by 5 wave sequence, currently wave 4 bounce in progress, expecting wave 4 to complete near 1875 usd later, and downtrend will most likely resume in wave 5 of the sequence. the bearish sequence may get invalidated if we get a daily close above 1885 usd, however right now recommend to focus on shorting from overhead resistance. 🔸Recommended strategy bears: short sell from overhead resistances near 1875 usd fixed stop loss for this entry at 1890 usd, TP1 bears is 1800 usd TP2 bears is 1775 usd. wave 5 of the sequence should complete near 1775 usd. a/b/c correction will likely follow, so stay tuned for further updates. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
FOREXCOM:XAUUSDShort
by ProjectSyndicate
56
TradePlus-Fx|GBPUSD: today's setup💬 Description: The British pound continues to update its lows and thereby break new local anti-records. The price has already dropped below the level of 1.21166 today, which strengthens the position of sellers, especially intraday. With a high degree of probability, we also expect a fall towards the daily support 1.18730 . Considering the average daily move along with today's news background, even this may not be enough for the price to approach the specified daily target. Therefore, it is better to fix profits until the 1.18730 level. Regarding labor market data from JOLTS , we can expect support for the dollar, after which the price may begin an upward correction. See today's expected setup on the chart. 🔔 FX CALENDAR TODAY 🔔 🇺🇸JOLTs Job Openings ➖➖➖➖➖➖➖ 🚀 Thank for your BOOSTS 🚀 👇 Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
16
TradePlus-Fx|EURUSD: complicated situation💬Description: The situation is quite complicated in terms of finding an entry point today. Most likely, one should wait for the American session, where everything may become clearer. It is clear that the currency pair is still under selling pressure. All buy-trades (countertrend trades), are made exclusively intraday with a small stop loss. Today, the release of data on the labor market is expected, which may immediately cause volatility in the market. Here you should be careful, and there is a possibility of updating local minima (look at the chart). It is best not to set targets above 1.05194. 🔔 FX CALENDAR TODAY 🔔 🇺🇸JOLTs Job Openings ➖➖➖➖➖➖➖ 🚀 Thank for your BOOSTS 🚀 👇 Share your views and FOLLOW US 👇
by TradePlus-Fx
10
TradePlus-Fx|GOLD: potential recovery💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold . At the same time, the price is approaching the next support, and this time the chances of an upward correction are much higher, since the approach itself is even more aggressive and the support itself at the level of 1809.010 is quite key in the medium term. The area of potential growth is highlighted on the chart; in this range, the formation of a long entry point is expected. As for today, recovery or a slowdown of the fall should only be counted on in the second half of the day. 🔔FX CALENDAR TODAY: 🇺🇸ISM Manufacturing PMI 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀 Thank for your BOOSTS 🚀 👇 Share your views and FOLLOW US 👇
OANDA:XAUUSDLong
by TradePlus-Fx
10
gold 8h entry strategy bulls/bears swing trade setup🔸Hello traders, today let's review 8hours/candle price chart for spot gold. currently we are locked in trading range and therefore no clear direction, so I recommend to focus on shorting high and buying low, details see below. 🔸Trading range is defined by range highs at 1957 usd and range lows at 1910 usd. premium prices overhead at 1965/1979, below at 1890/1900. Confirmed heavy resistance overhead. Right now we are trading mid range, no recommended trades. 🔸Recommended strategy for silver bulls/bears. bulls should focus on buying low near premium prices 1890/1900 USD TP1 1935 usd TP2 1950 USD. Bears should wait and short from overhead / confirmed resistance at/near 1965/1979 usd TP1 is 1925 USD TP2 1900. keep in mind this is a swing trade setup, so will take longer to hit TP1/TP2. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
37
DXY - The US Petrdollar And The "Prigozhin Coup" In RussiaI write this as I listen to Tchaikovsky's Violin Concerto in D Major on the excellent Shen Yun Zuopin platform. It seemed quite fitting for watching the world burn. When you hear propaganda on English social media on a Saturday night that a group of mercenaries are raiding Moscow to overthrow Putin, you absolutely must take what you are hearing and seeing with an entire box of Maldon. Before we begin, I will provide you with the DXY Monthly, which shows the topography more clearly than the daily bars I use for the moving graph: Remember it wasn't even 10 days ago that the US Military was running an exercise in the streets in the United States and the QAnon cultists/CIA campaign were trying to tell people it was because Donald Trump was about to overthrow Joe Biden. The United States has three significant abilities that exceed its direct military power and are why it's able to empire around the world: 1. Masters of propaganda and manipulation 2. A stranglehold on the world economy via the Petrodollar and its oil/LNG production 3. Intelligence, subversion, corruption, and cyber warfare operations No matter what you hear, the war in Ukraine directly involves NATO because NATO member countries are all over the area West of Russia and Belarus, and Washington is the leader of NATO. Wagner PMC and Prigozhin himself are rather savvy propagandists and tacticians. They previously used the narrative that there was much discontent between themselves, the superheroes of the Bakhmut campaign, and the Russian military's old guard, to bait Ukraine into attacking. The end result was a lot of dead UAF and a captured city for the Russian Federation. Moreover, many things right now serve as a distraction to keep the world's eyes and ears away from what's going on inside of mainland China and the coming fall of the Chinese Communist Party. Perhaps Xi Jinping will be this decade's Mikhail Gorbachev and will one night dump the CCP, much to the consternation and dismay of a totally clueless majority mankind. This matter, and the persecution against the 100 million practitioners of Falun Gong by the former Jiang Zemin regime, which Xi has directly contested since he took power a decade ago (this is what the "Anti-corruption campaign" is really annihilating), is what you really need to focus on, rather than "World War III" propaganda. So, you shouldn't go too hard on Sunday and Monday selling equity futures and getting long on gold because you've been told on Twitter that World War III is coming. What you want to do is take a calm and rational look at what can happen. And what can happen entirely revolves around the US Dollar. Right now, the USD looks as if it will pump, rather than dump. Like it or not, it looks like it's going to pump, rather than dump. But the confirmation for the trade comes down to whether or not DXY can breach $105.883. If it can breach $105.883 either in the remaining six trading days of June or in the early portion of July, then we have two scenarios, in my opinion: Whether the target is only the $108-$109 Point of Concern Whether the target is $115-$118-$120 above the '22 high. Frankly speaking, if you look at yearly bars for the DXY: Then literally $135 is en route before 2030. But if $109 is all we have today then $98 is incoming. Generally speaking, it's really worth remembering that USD up = risk off on equities. What's important in life isn't making money in the markets, but it's your family, your friends, your heart, your soul, and your future. Trading should just be a vector for your personal and spiritual development. Gamblers are going to lose more than their shirts, you hear? See the additional calls below for more broad spectrum macro analysis of the situation.
TVC:DXY
by LordWrymouth
3
XAGUSD off tonight and tomorrow, up 1500 lets go Trade 4 Lets go New indicator, new trade. Got the next 36 hours off lets trade all of them lol. I think more down side push today i gave back some money even though I knew it was going to consolidate and run up and down across my entry. Mistake to trade at work missed 3 oppurtunities to get out with at least $400. SMH. Anyways, lets see what the market has for us today. Going to work on perfecting my big push no gain entry signal. Might actually make an indicator for that. Its when you have a candle at the top or bottom of the channel and all of the sudden you see all this volume going into the candle but the candle isnt moving. Thats your entry candle..... that's the one. Just go opposite of what that candle is doing. **** as always if you like or enjoy these posts pls like follow and of course boost (because they are free) and it helps me know you want more of these. Thanks again for all of you who boost the one from yesterday. Now , I didn't harass you guys for boost yesterday and only got 5....but It was a $1800 win on 1.5 lots.....come on? Do I need to ask for that? by iCantw84it 10.02.23
PEPPERSTONE:XAGUSDShort
by iCantw84it
XAGUSD Lets go! Just spent the last 4 days coding. ShortXAGUSD has been bleeding so to figure out what it will do from here on out... I decided to make an indicator. So I spent the last 4 days coding this monster. Yes, My indicators have seizures written all over them. I agree, and yes I was one of those guys who would look at a friends chart and be like, bruh, I can't see anything through your mess. However, I know what all my seizure induced lines mean, because I built the formulas for them. Plus, the finesse of my coding language and understanding what is possible is sad. However, my twisted brain sees things and hears voices and that makes up for it. You just have seizures when you use it. So while, trading gold i came up with the idea. What makes Gold or Silver? Seriously, what drives this thing other than fear and greed? More GREED! And a lot more fear! lol So , I took my new found greed and fear and came up with a formula to identify how they affect gold. Tweaked out fear and greed affects my stocks by making them the same size and sending it off to school with a brand new back pack thats clear. packed it full of lots of snacks and even through in a bottle of grandmas pink and blue pills. You know so he can buy lunch after dealing it all out. So what does little tommy do? Red Line: Stair steps under price and pushes away from price action durring times of accumulation. When it starts to come back and actually crosses price action for the first time after dipping, its GOLD! no pun intended. If price is moving up but red is not.... I am not scared not even a little. White with diamonds: Its a momentum reader. When it slings above price its most likely about to dump. when it slings below it most likely will pop. Yellow lines and green lines: Also momentum readers Mad simple but affective. White Line Price projected line just like Red and blue. These next two are a separate indicator that I created as a culmination of all the other lines and what I have learned from them. Stream lining them into something a lot more true and less reactive. its the perfect balance to what the other lines are. I can run a 1 min chart and feel confident that what I see is what is happening. Dark green and mustard color: These two are legit AF. If price runs below mustard it wont stay gone for long....rarely will price make it over mustard for any given length of time. Unless it is ridiculously bullish like news popped and everything. Green is the high end rarely will price ever pass green. Ever! Anyways, I am using these lines to trade this short.. been in it for about an hour now. up $742 on get this... 2*.5 lots. lol Naturally, if you enjoyed this pls like follow and most of all boost! Thank you everyone who boosted my last post. 22 boost is like wow! It didn't end the way I wanted but it gave me the knowledge I needed to make these indicators. $772 Red line so far away from price...... The symbols are from my ESVO indicator that predicts price action kind of the same way these two I just made. Except, the esvo is alot more sophisticated on alerts and swings and letting you know when all the trading by the big guys has finalized and come to the point where they are about to reap the benefits of all the corralling of retail buyers. The one I just made that is mustard and green, is super specialized into one stock and hyper focused that way. It literally is stalking it like a serial killer. Wearing a skin suit of Silver and gold just to feel like its actually them....sicko I know.... by iCantw84it 10.01.23
OANDA:XAGUSDShort
by iCantw84it
AUDJPY: Riding the Bullish Wave as the Yen Creates New LowHi Fellow Forex Traders, AUDJPY has broken out of the falling wedge pattern, continuing its bullish price movement above the EMA200 line. Subsequently, the price formed a breakout pennant pattern, which suggests a continuation of the bullish trend. The MACD indicator has also produced a golden cross, confirming a potential upward movement towards the target area. We are also anticipating a possible pullback scenario after reaching the first target, followed by a continuation of its upward trajectory towards the second target. Other Technical Factor The JPYBasket is currently trading below the EMA200 line. This is followed by an impulsive breakout of the pennant pattern, further bolstering the upside movement of the Aussie Yen. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:AUDJPY ."
Long
by financialfreedomgoals101
3