Metals and MinersBullish setups galore with one more low possible before the bigger move up. Worth watching all of these for a long term (swing) trade.
GOLD-SILVER
$DYL Uranium$DYL.ax ASX:DYL
DYL trading above yearly open and weekly open. Also sitting above Weekly Mid range. Once Mid Range holds looking for price to move back towards range high.
Targets
Quarterly Open
Weekly range high
#uranium
TradePlus-Fx|EURUSD: seller liquidation💬 Description: The currency pair stood at the level of 1.06745 , which is resistance at the moment. In addition, a lot of interest has recently accumulated at this level, which has been distributed downward. The significance of this current price area is great.
I assume that the instrument will come into balance at this level to accumulate positions and "eating" away volumes in the past. Thus, we calculate a rollback to the level of 1.06350 . You can enter from this level, but be prepared to re-enter if your stop-loss is triggered. It's best to build up the pose gradually. The purpose of growth will be to eliminate sellers who now want to trade in the direction of the trend. The level that buyers will strive to reach is 1.07500.
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FCX: Monthly Diamond Top Bearish Break Down FCX has formed and confirmed the break down of a Diamond Top pattern and looks to be preparing to come down to around $14, which would align with the 0.786 Fibonacci Retrace. I suspect many other mining stocks will also go down pretty significantly with this.
Strifor || GBPUSD-10/20/2023Preferred direction: SELL
Comment: The trend of market participants moving towards safe assets continues in the market. A special place here is occupied by the US dollar, which is expected to strengthen against the British pound. In the near future, medium-term lows are likely to be updated.
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TradePlus-Fx|GOLD: small growth💬 Description: The price of Gold hovered around 1919 in anticipation of likely further growth. For now, it is expected that the growth will not be very large since there are obstacles ahead for buyers. In this case, this is the level 1948.160 , followed by the next resistance line - 1972.454.
Today, market participants are also awaiting the publication of US Retail Sales data, which is likely to generate volatility in the market. Against this background, you can try to consider purchase transactions using pending buy-stop and buy-limit orders. We fix the target for today's potential growth at the level of 1948.160.
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Precious Metals Schematics: A look into the Macro with FibonacciI have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form.
They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
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!
Long Term Yields catching a bidGood Afternoon!
Long Term #interestrates are PUMPING today!!!
The 10 & 30 Yr have been struggling in this area.
They are currently forming a negative divergence. We'll see how that goes.
3Month - 1Yr haven't moved much.
2Year #yield is also moving. This is "good"! That means that the normalization of yield curve is not happening yet.
#stocks #gold #silver
gbpaud sellprice created a h&s pattern and rejected the 1hr order block (white box) multiple times. price is coming down from rejecting the daily low level of 1.93050. im expecting price to head to the 0.5 0.618 (gold box) of the weekly low and daily low.
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.
Strifor || USDCHF-10/12/2023Preferred direction: BUY
Comment: A slight recovery against the dollar is exactly what we expected at the beginning of the week. Very promising entry points in the market are now being formed. The situation during the publication of inflation data in the US will most likely develop in favor of the dollar. We place our targets at the level of 0.91475.
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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!
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Natural Gas Price Forecast DXY GOLD SILVER 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
08:47 AMEX:UNG Stock Forecast
11:00 USO Oil Stock Forecast
13:00 Gold XAUUSD Stock Forecast
15:39 US dollar DXY Stock Forecast
18:03 Silver XAGUSD
Strifor || XAUUSD-10/06/2023Preferred direction: SELL->BUY
Comment: The setup for Gold before the publication of NFP data remains the same. Here we are considering a fall towards the 1800 level, after which buyers will most likely begin to be more active in recent times. Therefore, today the priority is sales, and next week we are potentially considering longs.
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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.
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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.
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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.
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Gold in a bottoming areaAs you can see, gold in severly oversold. It has an very low RSI turning up, and finally a green candle forming after many red downward candles. Looks likely it will bottom around this area and probably head back up to the previous support level which is around 1913.
Of course, it could go up only a little and make another lower dip, but I doubt it.
Gold long from 1818It looks bottomed in 1h timeframe, i expect a small pump in a lower timeframe.
Lets see how price reacts at this zone.
Bear rallies the most furious, could be in one!Bear rallies tend to be the MOST FURIOUS!!!
Be careful but take ADVANTAGE!!!
SP:SPX upcoming resistance @ 3 areas:
4280
Moving avg is a little above that (weakest resistance imo).
MAJOR = 4330 (it closes above this will post further levels).
Keep an eye as the RSI closes in on 50.
#stocks DJ:DJI TVC:NDQ TVC:RUT TVC:VIX TVC:DXY TVC:TNX #GOLD #SILVER
Time to be bullish on GBP/USD, EUR/USD, GOLD etcThe DXY had been on a formidable run that we predicted over a month ago.
Now it's showing a lot of weakness at a key level. We are not in a short yet but we are longing GOLD
and will enter other positions when the DXY makes a concrete move.
The 4h chart paints a great picture for the bears.
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!
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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.
