GOLD-SILVER
$BTC EARLY Bottoming Inverse Head & Shoulder PatternCopy paste, pls see profile
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Okay, few hours ago noticed $BTC pattern
Don't want to mess with the #futures #BTC chart so will use the #Bitcoin #Index
Weekly, it's a bit tough to see
Keep in mind that this can take few months to resolve
See it?
Hint: BOTTOM forming pattern
#crypto
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VERY EARLY, #BTC forming Inverse Head & Shoulder
Some Sells came in BUT Buys still #hodl
Last chart is $BTC #Futures
Would be nice 2c breakaway gap end the downtrend but Inverse H&S MUCH better bottom pattern
#crypto
$DXY @ IMPORTANT LEVEL!!! Historical dataCopy paste, please see profile
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IMPORTANT $DXY
As this affects:
#stocks #gold #silver #btc #ETH #crypto
Been meaning to post on US #Dollar, haven't had chance
4 of last 5 days have been battle, cross formation
Makes sense since @ SUPPORT, blue line
Positive Divergence on RSI
$GLD $SLV $BTC $ETH
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HISTORICALLY, weekly basis:
US #Dollar has HARD time trading ABOVE blue line = Resistance
When blue line is SUPPORT, more often than not, it doesn't hold, very weird
Monthly $DXY also shows this
Last 2 charts show current
#GOLD #SILVER #BTC #ETH #DXY #Commodities
Moderating inflation could further reinforce gold and silverLet’s begin with a recap. In 2022, precious metals were down 4.4% when the S&P500 Index was down 19.4%. That is an outperformance of 13.8% for precious metals against equities. Still, many firm believers of gold were, at times, questioned why gold was not scaling new highs in a year when inflation was doing exactly that.
As Nitesh Shah outlines in his model, gold is influenced by four variables. These are:
1. Changes in the US dollar basket (-ve relationship)
2. Consumer price index (CPI) inflation (+ve relationship)
3. Changes in nominal yields on 10-year US Treasuries (-ve relationship)
4. Investor sentiment measured by speculative positioning in futures (+ve relationship)
Although inflation was supportive of gold last year, the aggression with which central banks acted to tighten monetary policy strengthened the US dollar and lifted Treasury yields creating headwinds for precious metals. As a result, investor sentiment was also weak (see figures 01 and 02).
A shift in sentiment
Although the Federal Reserve (Fed) has not yet signalled a dovish pivot, markets are beginning to expect this to happen at some point this year. With the US consumer price index (CPI) inflation falling for its sixth straight month in December and moderating to 6.5% vs 7.1% in November , this market consensus might be reinforced. Even if the Fed remains on its tightening path in the first half of this year, the pace of rate increases could slow down. If inflation figures continue to decline steadily and growth data has not become alarmingly worrying, the central bank may hold its rates at a terminal rate during the second half.
Of course, the exact trajectory of these dynamics cannot be predicted. Still, however, market consensus is at least forecasting reduced hawkishness compared to last year. As a result, investor sentiment in gold has been on the rise since November. If Treasury yields and dollar continue to pull back, inflation moderates gradually, and economic data slowly deteriorates, sentiment towards gold as a safe-haven asset could continue to improve.
The silver lining
Silver often exhibits a leveraged relationship with gold. We experienced this in the twelve months after the March 2020 Covid crash in markets when silver meaningfully outperformed gold while both metals rallied. In 2022, things went in the other direction. As gold’s sentiment deteriorated, investor sentiment towards silver fell even further.
And once again, gold’s recovery is enabling silver to bounce back even more strongly. Silver is, of course, affected by the dynamics of industrial metals as well given more than half of its demand comes from industrial applications. This was also a factor for its lacklustre performance last year as industrial metals were pricing in a slowdown in China and recessionary fears across major economies more widely.
If in 2023, China’s lockdowns are lifted for good and the economic engine starts firing again, fuelled by accommodative monetary policy, this could be the catalyst for the recovery of industrial metals. It could also spur silver’s rally further.
The risk to the view
If the Fed takes markets by surprise and continues to tighten into the second half of this year, our base case could be challenged, and gold and silver may face newfound resistance. If the Fed signals such intentions early this year, say, in response to inflation numbers as they become available, these challenges could present themselves sooner.
For now, it appears, that inflation is moderating steadily encouraging the markets to believe that so will Fed’s hawkishness.
Longest Wyckoff Distribution Ever.The history of the new world, reduced to its fundamentals. A simple channel and a few important events, define a Wyckoff Distribution.
This chart is the DNA of the new world. The end of phase four would be the much-advertised-great-reset. The end of the past 120 years, and a beginning of a new era, if it is for the best or for the worst.
I am not very hopeful for the future, but there is hope in the real things. Stay real.
Tread lightly, for this is hallowed ground.
-Father Grigori
PS. 120=7,77*7,77*2
120 is a super-cycle. It is the cycle of the cycle of 7.7 years
An alternate chart.
DJI/GOLD to drop longterm?It may not be that simple...
Now that inflation is in the headlines, I decided to "follow the herd" and post an idea regarding it.
To compare the current financial market with the market 100 years ago, one may analyze the pairs DJI/CURRCIR, or DJI/ GOLD .
From the chart is trivial to realize that DJI/ GOLD historically moves inside the blue channel.
Historically the following occurred in this specific order.
A. The ratio increases from the bottom of the channel (without a significant change of course) to the top of the channel.
B. RSI maximizes and then breaks it's increasing trendline.
C. Near the RSI trendline break , price breaks it's trendline.
D. Then a retest of the price trendline occurs. Only then the drop is significant.
E. Price reaches the bottom of the channel.
F. After a while, the middle of the channel is tested with a significant reaction to the downside. (In 1976 it caused the ratio to stop growing and the price went below the channel)
G. The price now increases from the bottom of the channel, and the cycle repeats...
Right now we are are in a make-or-break moment.
We haven't reached the top of the channel and already the RSI trendline is violated to the downside and RSI indecisively fluctuates a little above the 50 mark. Shortly after the attempt passing the channel axis, a rejection occured. The price trendline is violated to the downside. It seems a second trendline exists now and looks intact.
On the chart there are 3 very distinct cycles, which peaked in 1929, 1966 and 1999. The cycle lasts about 35 years. I find it very interesting that it is that consistent.
Maybe the 35 year cycle is not that consistent and we are in an abrupt stop. And in the years following having DJI/ GOLD drop significantly. And it makes sense for a drop in stocks and gold exploding. We are talking about food shortages, water shortages and war. This is not a recipe for success for stocks. Most companies need a calm climate to grow.
Or maybe in the end, even though we talk about inflation , money losing it's value and the economy being in the brink of collapse, we will grow until 2030 and then we collapse. After all, recessions happen when noone expects them to. We are also above the 1M, 3M Ichimoku clouds.
Who knows what will happen? I certainly don't know what will happen. My gut feeling is "way down we go". It may be a controlled demolition of the stock market, but I don't think we have much room to grow for now in absolute terms.
$DXY going to level we called some time ago$DXY US #Dollar was sleep walking!🤣
Saw the move coming, didn't trade it, but didn't expect it to fall so fast!
Looks like it'll reach level we expected, PURPLE LINE
#Gold still going bit higher
Silver having hard time breaking resistance area
$BTC keeps slowly chugging along
#currency #currencies
Gold May Reach New All-Time Highs Early In Q3:2023My research suggests Gold may continue to rally above $2079 in early July 2023.
I believe the current US/Global market crisis event is very unique - something many people fail to understand.
Many professional analysts have gotten married to the 2008 market collapse scenario. I'm watching dozens of posts on social media and other sites where everyone is uber short.
I don't understand why it seems so many people fail to understand the real context of the global markets right now.
In my opinion, this is 2003-05 all over again - mixed with a bit of 1993~1997.
Few people really understand what I'm talking about. Let's see if you can tell me what you see in the markets right now.
The biggest opportunity of your life is about to unfold.
Get ready for a big WAVE-5 Rally.
GOLD ⚔️ SILVER🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Global Markets Are Setting Up A MAJOR BOTTOM For 2023+US/Global markets are actively seeking a bottom at this point.
We've witnessed the largest unwinding of global excesses since the DOT COM bubble and, before that, the 1929 market peak.
Use this symbol to experiment with market trends/setups: (TSLA + ARKK + ARKW + ARKQ + GME ) / 5
In my opinion, the deep selling is nearly over. This chart shows the custom symbol is very close to the center level on the historical Pitchfork and very close to a 1.0 (100%) Fibonacci extension from 2016 to 2019. I suspect the unwinding of the global markets is very close to a BOTTOM right now.
2023 could be very explosive, considering the extreme downside pressure we've seen over the past 15+ months.
Think about this for a few minutes...
_This chart shows price is currently AT or BELOW 2016~2018 center Std Dev levels. It may move a bit lower before actually finding a bottom.
_This price level represents a pre-2019 earnings/revenue expectation (ignoring the past four years of progress).
_The US Fed has already disrupted inflation trends and will likely shift towards more moderate policies in H1:2023.
_This was not an excess bubble as much as it was a speculative bubble during the COVID supply disruption.
Now, we shift back to more normal Revenue/Growth expectations. The US/Global markets are actively seeking a bottom RIGHT NOW. The reversion/reflation trade (bullish) could be very powerful.
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Precious Metals will continue to appreciate - just like what happened in 2002~2005+. We are in the early stages of a reflation cycle (post COVID speculative bubble).
The bubble has burst. Prices have deflated. A reflation rally is very likely unless some global crisis event disrupts the global economy. Gold and Silver will likely rally 35% to 55% higher over the next 2+ years (possibly higher).
This is just like 2002~2005 all over again.
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I believe it is time to start initiating "TOKEN" positions in deeply undervalued Technology, Energy, Consumer Staples, Healthcare, and other "relation" sectors.
Follow my research.
OECD Leading Indicator vs. Market Cycles - Updated 122022 Today's post is inspired by the work of @CMT_Association here on @TradingView, and is designed to give some insight into financial market vs. business cycle timing:
We will be comparing various assets to the Organization for Economic Co-operation and Development (OECD) Composite Leading Indicator (USALOLITONOSTSAM) for the 🇺🇸.
Keep in mind that readings above 100 (green dotted line) suggest economic expansion to come while readings below 100 suggests broader economic weakness, and likely economic recession based on history.
Given the the index is currently trading below 100 , and possibly continuing to fall — what does this mean for the economic outlook going forward, specifically as it compares to S&P 500 (SPY ES1! SPX), DXY (U.S. Dollar), Federal Reserve Fed Funds Rate (FEDFUNDS), 2/10 Yield Curve Inversion (US02Y US10Y), U.S. Inflation Rate YoY (USIRYY), U.S. Unemployment Rate (UNRATE), Crude Oil (CL1! USOIL), Lumber Futures (LBS1!), Gold (GOLD), Silver (SILVER), U.S. Mortgage Rates (USALOLITONOSTSAM), and possible timing of the financial market(s) recovery?
Let's have a look at some of the charts as they highlight that real economic weakness is likely into H1/23', paired with the potential beginning of a financial asset recovery as the business cycle works through its bottoming process.
Chart Key for Composite Leading Indicator (USALOLITONOSTSAM): 📊🗝
Green Dotted Line (Horizontal): >100 = Economic Expansion
Orange Dotted Line (Horizontal): Current Reading
Red Dotted Line (Horizontal): Historic Danger Zone
Black Dashed Lines (Vertical): Pre-Recession OECD Leading Indicator Peak
If you want a copy of this chart, here is the link to make a copy: 📊👇🏼
www.tradingview.com
S&P 500 SPX 1991-Present (Black Line) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
S&P 500 SPX 2006-2017 (Black Line) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
S&P 500 SPX 2016-Present (Black Line) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
U.S. Dollar DXY (Black Line) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
US02Y Treasury (Black Link) vs. Federal Reserve Fed Funds Rate FEDFUNDS (Blue Line) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
US02Y/US10Y Yield Curve Inversion (Baseline >0%, <0% Curve Inverted = Trouble in Markets) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
U.S. Inflation Rate YoY (USIRYY) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
Unemployment Rate (UNRATE) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
Crude Oil USOIL CL1! (Black Link) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
Lumber LBS1! (Black Link) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
GOLD (Black Link) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
SILVER (Black Link) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
U.S. Mortgage Rates (Black Link) vs. OECD Composite Leading Indicator (USALOLITONOSTSAM):
Here is the updated release schedule for the OECD Composite Leading Indicator (USALOLITONOSTSAM) for 2023: 🗓
data.oecd.org
Learn more about the OECD Composite Leading Indicator (USALOLITONOSTSAM) using the link below: 💡
data.oecd.org
What is your takeaway(s) from these charts? 👇🏼
Silver Breaking Out (upward). Gold/Platinum should followGold/Silver bugs - are you ready for what a lot of us have been saying for the past 5+ years. The base/bottom in metals back in 2015 was the critical base for the next big move. This upward price swing should be the next accumulation phase which will drive a speculative phase in about 3~4+ years.
That speculative phase will be MASSIVE (should happen near 2027~2029).
You gotta love when the world sits and waits for metals to move - then ignores the 40% rally in metals/miners in the early phase - right?
Here we go.
XAUUSD D1: BEARS SHORT HIGH TP 1600 USD (SL/TP/SWING)Why get subbed to me on Tradingview?
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XAUUSD D1: BEARS SHORT HIGH TP 1600 USD (SL/TP/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect LOSSES OFF THE HIGHS
read entire idea DO NOT MARKET SHORT IT!
🔸 Summary and potential trade setup
::: XAUUSD daily/candle chart review
::: previously recommended
::: TO BUY DIPS near 1750 USD TP 1850 USD
::: bullish impulse still in progress
::: but BEARS get ready to SHORT HIGH
::: updated/revised outlook
::: getting overextended but
::: more short-term gains possible/likely
::: BULLS coming strong off triple bottom
::: BUT already overbought / nearly maxed out
::: selling HIGH is a great reload BEARS
::: 0.62 will likely terminate the bull run
::: get ready to SHORT HIGH and get paid
::: currently stay out / wait for FINAL PUMP
::: BEST RELOAD ZONE for BEARS 1865/75
::: short-term expect more gains
::: HIGHER RISK strategy: BUY DIPS/PULLBACKS
::: FINAL TP BULLS 1865 USD / higher risk
::: mid-term BEARS will target 1600 USD
::: LOWER risk strategy BEARS: SHORT HIGH 1860/70 USD
::: TP BEARS is 1600 USD final EXIT
::: BEST/recommended strategy: see above SHORT HIGH
::: slow market so you have to be patient
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1600 USD fresh demand zone
::: 1860 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/1860USD
::: Sentiment mid-term: BEARS/1600 USD
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.
Gold is targeting $1860 & $1899 - Beyond $2300 in 2023Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally.
Current base level is near $1670 to $1710.
Normal rally results in a $400 to $475 rally phase before exhausting.
My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be near $2150 to $2225.
Remember, this is just the start of this rally (just like in 2003~05). The real rally in Gold will start in 2027~2030.
Follow my research.
Silver is up 32% from Sept 1 - Ready for the next move higher?Have you been following my research, weekly videos, and Custom Metals Indexes?
If so, you already know why I've been telling traders/investors Gold/Silver are setting up just like 2003-04: building a momentum base over the past 24+ months.
The next move higher (over the next 5+ years) should be incredible.
Silver is up 32% over the past 90 days. Can you imagine what the next 500+ days will look like?
Remember what happened to Silver between 2007~2011? Imagine that, but with a potential amplitude of 2x or 3x.
Get ready, it's all just getting started right now.
Follow my research. Learn why you need to prepare for the biggest opportunities of your life with my research/algos.