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GOLD-SILVER

Gold UpdateDespite a very impulsive move, gold waves are difficult to count. I even assumed on this chart that the whole move could be wxy in wave 1 of a leading diagonal. There is no divergence on RSI meaning that there should be new lows very soon. At the same time gold can easily rip shorts in a very sharp countertrend move. Gold is notorious for doing wild unexpected swings that only later come together as jigsaw pieces of standard patterns. I will refrain from labelling the smaller waves so far to let the count reveal itself.
OANDA:XAUUSD
by Fomenka
1
USDOLLAR: BREAKOUT OF BULLISH TRENDLINE? or ANOTHER BULL RUN?Hello Enthusiast Forex Trader! Here's Long-term outlook for USDOLLAR , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) *USDOLLAR creates a Descending Broadening Wedge pattern on Daily Timeframe *USDOLLAR is moving above the Exponential EMA200 and bullish trendline *Stochastic is pointing up in the neutral area, it could indicate a bullish momentum ahead. *If the price exceeds the support area, it will invalid the roadmap and USDOLLAR can move in bearish phase/sideways DISCLAIMER: This isn't a recommendation to buy or sell currency pairs, only an Outlook from technical perspective.
FX:USDOLLARLong
by financialfreedomgoals101
2
Markets hint at Major CrashThis review comes from evaluation of prices from multiple markets including Silver, Gold, Bitcoin/crypto and Stocks (specifically sp500) Silver has increased volume on the daily chart and dropped sharply 3-5% Gold similarly has sharply dropped with increase volume SP500 also has plummeted over the past couple weeks. There is mass exodus in multiple markets across the board with increase volume. Be on the look out for bull traps preceding further sell off. This is a speculative review and not advice for trading. The market is not healthy at current levels and most experts would agree. There may be money to be made but it is not by healthy growth which I would consider a poor investment.
U
by The_Yeager
HOW-TO: Cosmic Cloud #1📡 INDICATOR Cosmic Cloud 👩‍🏫 HOW-TO CONTENT This how-to shows that even price movement during major events like global market crashes adhere to the indicator levels. ✅ POINTS the price drop starts after reaching a resistance level (top-left chart) or the price drop is confirmed by a downward breakout from one of the support levels the 2020 stock market crash (👑) reaches its lows at various Cosmic Cloud supporting levels 🔔 USEFUL ALERTS Resistance Channel Re-entry ↓ Basis Test ↓↑ Support Channel Entry ↓
TVC:DJIEducation
by cosmic_indicators
XAUUSD UpdateWell, what I can say. Last stronghold stood. I take yesterdays move as a confirmation of the bearish scenario we maintained since November 2021. See historical posts for the big picture or it is more convenient to read Weekly Updates on the website. Of course, it is too early to throw in a (beer) bear party, we'll keep quiet and watch. Wave i on the chart is only an illustration of the possible roadmap. It can be shallower or deeper, we will label it as soon as it takes shape. It would be good to offload some short before wave 2 kicks in, but we will not make hasty decisions. If the count is right we are in wave c and it can be brutal. If the price recovers and takes out the previous high - I am out.
OANDA:XAUUSDShort
by Fomenka
2
GOLD: A run to $2K? Looks bullish right?As the DOW, S&P, and NASDAQ begin to shake up, it is expected that investors will park capital in GOLD. However, gold has historically under performed leading up to the Feds decision on interest rates. In the short-term, I think GOLD will re-test the $1500 area. A clear bullish pennant can be seen as of now, but I will wait for the pattern to develop more before adding to my position. (The monthly MA100 is at $1444.01) __________________________________________________________________________ - A bullish pennant indicates an upward continuation in price ;)
TVC:GOLD
by TTECH
The Commodity SUPER CYCLE is upon us!Hello All! This is a macro view of Commodities (Metal, Energy, Livestock & Meat and Agriculture). As you can see we have broken out of the falling wedge formation and we are pushing towards 4 main resistance levels. Commodities have not hit a new all time high since 2011 which was during the low of the housing market crash. These levels will be key economic indicators moving forwards into 2022 and beyond. Right now the upward trend has not broken, the levels to watch are posted on the chart. 1. Metals are forming long-term bullish patterns & recent high increase in inflation 2. Meat & Livestock prices have been rising (you can see this in the grocery store) due to Covid & other factors. 3. Gas & Coal have been rising bringing Electric higher. Energy crunch. 4. Energy & Fertilizer prices are increasing which in turn increases agriculture costs. Economic factors have been driving these prices higher across the board. This in-turn will increase the cost of living.
SP:SPGSCI
by GenesisGo
Precious Metals on a very important inflection pointYesterday, Gold has broken above a very important level, 1830, a level that acted as resistance since July last year, and at this moment we may wonder, is this just a spike, or Gold has resumed its long-term uptrend? Looking at the posted weekly chart we can see that after the strong reversal that followed August's low, the yellow metal has put in higher lows on our chart in September and in December (also this low is confirming a strong support zone at 1750-1760). Last week Gold has reversed again, this time from under 1800 and, as I said, yesterday it has broken above horizontal resistance. At this moment XauUsd is facing an important figure, both psychological and technical, 1850. A break above this level would put bulls in a very good position and could lead to further gains towards the 1875 last high's resistance. Also, a break is extremely important, putting a stop to the sequence of lower highs started back in August 2020. Platinum: Unlike Gold, the recent high for Platinum happened in February 2021, and since then XptUsd corrected more than 30% to 900 zone, a zone that acted as support for more than 5 years. At this moment the price is back above 1k and just under a very important technical confluence resistance provided by the falling trend line and the horizontal level. A break here is also very important, signaling resumption for the uptrend started back in March 2020 and giving scope for big gains for Platinum in 2022 (even to 1500) Silver: XagUsd's was more clear and technical than Gold's, with the price stoping and reversing for 5 times from 21.50-22.00 zone and confirming this old resistance as strong support At this moment here also the price is facing an important zone and once Silver gets above, considering its violence and volatility I wouldn't be surprised to see the price at 50usd and a doubling in value.
OANDA:XAUUSD
by Mihai_Iacob
9
XAUUSD UpdateOk, so at this moment in time, the count on the chart suggests that gold should sell-off. Alternatively, we may continue rallying to form a red wxy. All that is not consistent with a likely bounce in stocks. I have 0 positions in stocks and heavy shorts in gold , therefore I am biased and can be a victim of confirmation bias. So either gold decouples from stocks and fall when stocks rally (can happen and did happen in the past foretelling a coming decline in stocks) or my outlook is wrong in either instrument (more likely ))) I would hate to think that we are in an even more bullish scenario which I previously indicated in orange. That is a lot of ElliottWave counts to waste.
OANDA:XAUUSDShort
by Fomenka
13
Gold/silver ratio implies outperformance for silverI was chatting to a techie friend of mine (Thomas Anthonj) last week and he told me to have a look at the gold/silver ratio as he suspected that it has completed the 5th wave of an Elliott wave count, so this morning I took a closer look and yes, I think he is right. In addition, the market has remained capped on the topside by its 200-week ma at 82.10 and we also note the divergence of the weekly RSI. This is a measure of momentum and divergence normally indicates a loss of upside momentum. Given that we both think the gold/silver ratio has topped, this would suggest that gold will under perform silver. So is silver the better bet for an up move? I took a look at this on both the daily and weekly charts and was reasonably uninspired but when I got to the monthly chart this was looking a whole lot more interesting! The market has spent months consolidating just above the 21.17 long term pivot and looks to be base building longer term. So, we suggest that silver is a market that needs to go on the radar we suspect as this should see a decent recovery off such solid support. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
TVC:SILVERLong
by The_STA
DeGRAM| SILVER strong support On Friday, the sellers were able to bring the price back under the resistance line, which stopped the price from moving up. However, this upward movement is expected to continue next week. There is a strong support near the level 22.65690, which the sellers will hardly be able to overcome. Thus, near the specified level, you can look for entry points to buy next week. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAGUSDLong
by DeGRAM
5