An overview of the markets Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done.
Good luck!
GOLD-SILVER
The 4th Dimension Trading i) 2D = Time / Price = Chart = Technical analysis
ii) 2D = Macro or / and Micro or / and other analysis
3D = Combining the above (i) & (ii)
4D = Projected time and price based on the past data and market developments
3 types of gold for trading:
• COMEX Gold
0.10 per troy ounce = $10.00
• E-mini Gold
0.25 per troy ounce = $12.50
• Micro Gold
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Gold targeting $2250 or higher - then a PauseAre you following my research? It amazes me that I can post a chart/video predicting something to happen 3 to 6+ months in advance, then sit back and watch it play out.
Gold has entered a new phase - much different than everyone thinks.
This is not 2009~2011 all over again. This is 2003~05 repeating.
The next phase of the US market trend, and Gold, will blow everyone away.
After reaching levels above $2200, Gold will stall for about 4+ months to levels just below $2000. Then, as we move past Q1:2024, Gold will begin to advance as uncertainty settles across the globe. near the end of 2024, I expect Gold to make a move higher - possibly targeting $2800 or higher. Into 2025, I suspect Gold will attempt to rally above $3000, but will quickly stall into a sideways trend as a new US President dictates policy/trends.
2026 is something we'll have to wait for to see how things play out. My research suggests Gold will continue to trend higher. But, there is a very strong possibility Gold will move above $4k before the end of 2026. So, we'll just have to see what happened with the elections in 2024.
Follow my research. Learn how I can help you stay ahead of these crazy market trends.
gold market strategic outlook bulls will target 2500 usdHello traders, today let's review a higher tf gold price chart.
Noteworthy compression into expanding triangle setup
in progress on 4days/candle price chart. Normally, this
is a bullish continuation pattern, since previously we
were in strong uptrend.
So overall, strong bull run in progress,
and the bear scenario was recently invalidated after heavy
reversal off the double bottom formation near 1625 USD.\
Heavy resistance overhead at 2 000 USD will likely provide
a pullback opportunity for the bulls, however this resistance
was tested twice already, so final re-test and then expect
resistance to break.
Based on measured move projection, bulls will target 2500 USD,
which is 40% gains setup after the pullback (entry near 1700/1740 USD).
Bulls should remain patient and not chase the current move,
short-term traders can focus on buying dips targeting 2000 USD.
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Past performance is not indicative of future results.
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Precious Metals are going places! Hi Traders
As we have been seeing very volatile markets in the past week, trading any direction currently is not easy. It is now, more important than ever, to stick to your strategy and do not let yourself be distracted from potential gains you are missing out on. The worst thing you can do to your portfolio is FOMO. Stay cool-headed and trade the obvious.
Precious metals are of interest to investors and traders currently due to arising macroeconomic uncertainties that have been evolving over the course of the past 3 years. But also recent news have been filled with a lot of FUD regarding the banking sector in the US, bailouts in a high interest rate environment and many more things happening currently. Crypto but also precious metals have seen fantastic gains since the start of the week, thanks to investor running away from the legacy markets and trying to find more safety in the digital and physical safe havens.
As Gold looks quite strong, I will be discussing a potential long trade idea below, please understand that gold is sitting on a strong resistance at 1920 USD that has historically been though to smash through, therefore sticking to the plan will be crucial for execution.
Here is my Game Plan for XAUUSD:
- Reclaim of 1910 entering range of between 1910 and 1930
- Hold above range for a significant amount of time
- Price needs to be trending upwards
- Smooth price action is a prerequisite for this trade
- Consolidation right under upper half of the violet box
- Entry upon break of box
- T1 1947 USD
- T2 1966 USD
- Stop will be disclosed once trade has been entered
Trading needs a plan, only a plan can give you orientation. Sticking to the plan means that you will have a reproducible procedure which can be assessed for mistakes and learnings. It is comparable to the scientific approach, the only difference is, a trader is not interested in facts, he is interested in gains.
Please make sure to leave a like and a comment if you liked what you have been reading.
Also follow me if you like my approach combining macroeconomic news, fundamentals and technical analysis.
Have a good one legends
Best
CH
Dollar & VIX ripping, Yields cratering, Stocks fallingGood Morning!
We've been mostly cash when it comes to #stocks. Been defensive as we have #GOLD #SILVER #BCH #BTC (#crypto #altcoins in personal) some $VIX & some bigger VALUE names, added some more today $AMGN $VZ as examples.
We've reduced the exposure as the direction seems south but anything can happen.
FEAR is the word. #Dollar ripping again & bond buying.
$DXY looks good & bounced off of support.
Look @ yields CRATERING again.
1Yr & 2Yr #yields COLLAPSING!
10Yr HOLDING MAJOR SUPPORT & back at level it was 2 days ago.
We noticed something some time ago & will post soon.
$VIX is trading in a new range now & closing in on the TOP part of range. 2 things can happen here. Either we rip through, likely causing a COLLAPSE in #stockmarket OR IT pulls back to the 23ish range and keep in this new range & fear eventually subsides.
WTI Crude Oil: Short Opportunity, Will it Back to under $60?Hello, Fellow Global Forex Trader. Here's a Technical outlook for Crude Oil!
Price Action Analysis
On the Daily Timeframe, USOIL is moving below EMA200. Then, the Commodity retested the multiple rejection area and formed a symmetrical triangle pattern, indicating a possible downside movement. The MACD Indicator made a death cross, signifying a potential downside movement to the target area.
On the H4 Timeframe, Crude OIl also created a breakout of the double top pattern, confirming the bearish scenario ahead.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Crude Oil"
Precious Metals are flying, let me help you find an entryGood morning fellow traders,
With Silvergate and the Silicon Valley Bank collapsing last week, the new week will likely bring a lot of FUD and scare-mongering in the markets, fulling further macroeconomic uncertainties. As asset classes have all been trading lower in the past year, inflation is increasing to new all-time highs, and war waging in Ukraine, retail investors have already had a tough time keeping their money safe, now even the banks are collapsing, exposing even the banking sector to market risks. It is tougher than ever to keep your money safe, where do you store your values?
Understanding the macroeconomic factors, it makes a lot of sense to look at precious metals, to diversify your portfolio but also for trading. I like to trade in the same direction as the fundamental economic principle of an asset is applied. Precious metals have historically been a hedge against uncertainty and inflation, and with the downfall of Silicon Valley and its flagship banks, there hasn't been a better time to look at the shiny metals. Also, Gold and Silver have been trading in their respective ranges for more than a year now, being oversold as we speak, with all that in mind, let me help you find an entry for this potential trade opportunity!
Silver presents itself with more clear entry points than Gold.
Here is my Game Plan for Silver:
- Further consolidation around the resistance of 20.85
- Clear push above 20.85 and nearly touching 21
- Pullback onto 21.90
- Further consolidation of price between 20.80 and 20.95
- Entry upon price going through 21
- Stop: 20.6
- Target 1: 21.3
- Target 2: 21.9
I will be trying to skim most of my profits on Target 1 as precious metals did not have an easy start into the year and I am not 100% convinced so far that retail investors will panic into precious metals in a big way, for that to happen, we need a big bank going under in my opinion. But we could catch a move of spooked investors trying to save their money from further downside in the legacy markets.
With all this FUD in the markets, it is more important than ever to understand why checklists for trading are important to have, they prevent you from entering the market at the wrong moment. Be sure to follow me on my Tradingview for more checklists and ideas coming up this week.
Please like, share, and subscribe.
Have a great day champions!
Best
CH
PLATINUM SHORTWith the bank failures we've already experienced in the US and abroad, the markets are going to be volatile for the foreseeable future. We should see a sharp decline in metals as larger positions liquidate to cover other positions, as well as selling shares into the market as short positions increase could create a perfect storm.
USDOLLAR: Stronger Dollar Ahead As the Fed Remains Hawkish?Hello Fellow Global Forex Trader, Here's a Technical outlook for USDOLLAR!
Price Action Analysis
USDOLLAR is moving in the bullish continuation trend. Furthermore, a breakout of the descending broadening wedge pattern signals a potential bullish scenario. The MACD Indicator made a golden cross, signifying possible upside movement to the target area.
Fundamental Drives
- The Fed Officials Keep Up Hawkish Calls
- Rising U.S Treasury Yields
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDOLLAR"
Nutrien - Fertilizer Plays Into Growing Season, But a Coinflip2022's droughts and the Ukraine War put a lot of the world's food supply into question. Food commodity futures had a pretty bullish year. Since we're in mid-February and Western Hemisphere growing season is right upon us, fertilizer stocks are really worth paying attention to.
Food scarcity is an even bigger issue with the Wuhan Pneumonia pandemic smashing Xi Jinping and his Chinese Communist Party over in Mainland China. The Party claims less than a hundred thousand people have died from COVID since this all began.
But the Party is obviously lying about that, since China had 1.4 billion people and was the epicenter of the virus. America is on the other side of the ocean and lost 1.1+ million people.
My point is that if China has really lost, say, 40 or 50 or 100 million people to the pandemic, the Party will need to import crops because there won't be all that many farmers around anymore to do the work of feeding the regime.
This should be a bullish situation for food commodities and fertilizer.
Nutrien is one of the market leaders, but this is a really difficult setup, a lot like flipping a coin, and here's why.
1. A monthly microgap at $64 that the algorithm spent a lot of effort keeping lows away from
2. Already a 40%+ retrace, but new lows haven't been set.
3. Daily bars show a perfect continuation of the downtrend line
4. Weekly bars show a sweep of the downtrend line
5. Earnings is Feb. 15
So, here's what I think at the moment. It's something of a gamble, but I think you can generate Alpha with puts on Nutrien before earnings. I say this, but realize that "generating Alpha" doesn't buy rice at the grocery store. It's like Sklansky Bucks in poker. Cool, you got +EV, but the donk took all your money. At least you can post a bad beat, I guess.
In this case I think the play is not as unrealistic.
Another fertilizer giant, CF Holdings, has earnings the same day: Feb. 15 postmarket, and started doing the bearish "orderblocking" thing two sessions ago
These patterns before earnings are generally (emphasis on generally ) harbingers of a big gap down coming. The logic being that sell orders are being filled in anticipation of what smart money's big data analysis has already very accurately determined is about to happen
Monday you get an FOMC member jawboning and Tuesday we get the dreaded CPI printout. It's a lot of volatility confluencing together in one big coagulate and if you guess right you win a cookie and if you guess wrong Wall Street guys will pay stripers with your money at 11:00 PM happy hour.
In Nutrien's Q3 '22 financials the company told investors that they expected demand to be hot going into _fall_, and not spring, "Weather has been favorable in North America and we anticipate that the rapid pace of harvest will support strong fall ammonia demand and normal application rates of potash, phosphate and crop protection products."
They also said, "We have lowered our global potash shipment forecast to between 60 and 62 million tonnes in 2022, largely due to the impact of higher-than-expected inventory and cautious buying in North America and Brazil during the second half of 2022."
These two factors contrast against expectations from the company that expectations of higher 2023 commodity prices will lead to an increase in farm production, while noting that Ukraine will be down some 45% because of the war, notable because they were pretty much the world's wheat kings.
Also noteworthy is Q3 was a big revenue/EPS miss for Nutrien. Estimates were 3.85 EPS and came in at $2.49. Revenue was $8.53B and came in at $7.91B.
Q4 is a lot easier of a goalpost to hit, with estimates at $2.534 EPS and $7.392 Revenue. A miss here would (logically) definitely be a dumpster.
So, ultimately, I think $110 Nutrien will come, and we may very well see this in the later part of '23, if not the early part of '24.
But before then, it seems that the $60s are imminent.
So, I'd rather do puts on CF than Nutrien into earnings as it stands, but staying flat and playing the consequences is a lot less risk.
The two areas to watch for on Nutrien:
1. $63 to buy
2. $110 to sell
It would be a big, bullish deal if Nutrien doesn't break this daily trendline and just dumps on earnings. $65 commons prices and 3-6+ month expiry call options should definitely be a fat return if you can ride it to the top.
Longer term Yields outperform short term, VIX rangeboundThis week will decide what happens for the intermediate
1yr kind of stagnant
BUT
2yr #yield is RIPPING!
$TNX 10 yr is RUNNING > NOT GOOD
$VIX lower high but not lower low
Again, this week will determine the month of March
BULLS beginning to lose steam
#stocks $DJI $NDX $SPX
I am BACK :)
Hello TradingView :)
ITs been a minute since I was active in the community.
Last post I made was last year in June 2022. Many things have happened that lead to my away and absence from the community, social media and more.
I took a much needed break from being infront of the screen, camera and people. IT has been a good time to spend with family.
But, after 8 months or so, I feel its a good time to get back to trading community and social media once again.
To start sharing trading analysis, forecast, and market updates.
I want to resume the market outlook/update stream like before, and start to create more educational contents for everyone once again.
IF you are one of those who have supported me during the last 8 months, I greatly appreciate it.
Although I dont reply directly on TradingView or other social media pages, I read the comments and feel posiitive from your encouragement.
Thank you very much, and hope to see you all in the live streams to come. :)
Cheers
Jojo
Current GOLD Outlook and Analysis Hello traders:
Here is a quick breakdown on GOLD.
I start with the higher time frame to give you a potential oulook for the months to come,
then drop down to mid time frame to have a possible movement next few weeks,
finally to summarize what I want to see on the lower time frame for this week's development.
Thank you