Gold & Silver Reaching A Launchpad with Currencies (like 2003)Many traders believe the current setup in Gold/Silver is similar to 2018 or 2015. But the reality is this is more similar to 1999~2003 with a strong US Dollar and weakening global currencies.
As long as Gold/Silver continue to strengthen while the US Dollar stays strong, foreign currencies will weaken and wreak havoc on foreign markets.
Eventually, the risk levels will increase in foreign markets which will send FEAR skyrocketing. That will move capital into Gold/Silver and break the channel/trends that are currently in place.
I believe we are very close (possibly 2 to 4+ months away) from that breaking point.
Watch global Emerging Markets and foreign governments for signs of collapse. These will be the early warning signs that Gold/Silver are "T-minus 10".
Once the US Dollar peaks/turns, we'll be at "T-minus 3".
At that point, everything will be ALL SYSTEMS GO for Gold & Silver.
Pay attention. This is a huge setup for precious metals.
GOLD-SILVER
XAUXAU has done brilliantly since the last post with a rise of around $50, price now forms an inside bar on the 4H, an inside bar is often found in impulsive moves what it represents is a lower time frame consolidation so when we see as a green hammer/pin it can signify a good chance of imbalance continuing so because of this we have to look for previous levels of balance in the market, where will price stall?
I have labelled a few targets I believe we can hit, I could have added another setup with a slighty higher TP, but I think it is best to start closing out the long positions a bit quicker, so keep an on the 4H chart and LTF and when you see obvious signs of the market deteriorating then we have to act accordingly.
Longer term I believe the continued rate hikes will continue to close the gains XAU saw in the super inflation, I still believe DXY Index will climb considerably higher in the long term, so we can keep an eye for shorts if we enter a distribution phase.
XAU - Gold is in bullish trend, may accelerate soon🌙XAU Globally
We broke throught huge trendline, this breaking bearish trend and becoming bullish once again
XAU Locally
We stopped before important level at 110 and currently accumulating power below it. Accumulation looks healthy and is 27d old right now.
After more squeezing it may be a good idea to open long.
As targets we may choose gaps - one at 114 and another one at 130
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BTC Bear Casethis is my plan for a short scalp or swing on BTC.
liquidity has been taken at range high. Usually happen before a bigger move lower.
If we reject/hold below mid range im looking for shorts with targets marked on the chart T1 T2 and T3.
looking at ES and Nasdaq for confluence which look like a pullback is a high probability.
Again i dont care what way it goes.. plan for it and if your trigger gets triggered play it and manage risk.. Fu#k the Perma Bulls they will get you rekt..
$MAYwatching for a push above the breakout line for entry signal,
Green box is the target if we get entry signal.
currently backtesting the low for that "daily range" that sent the market lower into the 1 month consolidation.
A push above the ema's and into 95-96 price range will be but signal.. lets see.
FYI a lot of news coming from the US this month so got to be cautious.
$BTC crypto winters still here 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Expect $DXY to rise and place even more pressure on crypto markets.
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GDP RealityThe Federal Reserve will suggest they projected a slowdown in Economic activity.
Effect Indicated, Effect Observed.
Solid work.
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Outside of the Matrix, the Depression slumbers on within the confines of Real Sentiment.
....The Deal Breaker.
"7" was misstated - "6" is the GDI hedonic, it's been a long overnight Session, apologies.
XAUXAU breaks the Value area high and pulls back on a retest, we had this accumulation stage where XAU was very balanced as you can see on the VRVP we have this nice distribution curve.
We can look for a little pullback and try to buy the market if we see price start transacting above this ranging market.
Divide the SPX by the Producer Price Index = Wunderbar!Look at this investment roadmap between equities vs Gold and SIlver and their opposite correlation when inflation is running hot.
If you divide the SPX by the PPI (producer price index) of goods and services you get an amazing chart. While PPI is elevated, the broad equity market has major headwinds outperforming PPI but Gold and Silver shine very well in this time period.
The time to buy equities is when the broad market is outperforming PPI upon the "breakout" of these downtrends.
Happy Investing!
Every rally starts with a short coverPlatinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over the last three days created a flag-like pattern, brining a coiling of strength to help pierce through the 21-day moving average this morning. The cherry on top is that Managed Money, hedge funds, have been net-short Platinum. This tells us that upon strength there will be short-covering. Not only in Platinum but SIlver and Gold too. In fact, Managed Money went net-short Gold as of last Tuesday for only the second instance in history. The first was at the exact 2015 low and the second was in the later innings of the 2018 sell-off. Managed Money going net-short metals is a contra indicator.
📉GOLD 21/07/2022: under $1700❗️📉 Priority direction: Downward.
📝 Description: Sellers broke support at $1700, thus confirming their dominance in the market. Sales priority is maintained. At the moment, we should expect a small pullback upwards, but it is unlikely that the price will be able to rise much above $1700 (be careful with longs). The $1690-$1700 price area is an interesting area to look for shorts. The fall is now limited to $1670.
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NAS100 BreakoutNAS100 breaks out of decending wedge and is now currently restesting top of trendline as support which happens to land on a Fib date .
Targets could be 0.5 at 13.8k , was waiting for retest to post and now it seems we might have that with a very strong open.
Amazing time fib reaction .
EURO U.S. DOLLAR FXCM : EURO BREAKOUT & USD BREAKDOWN IMMINENT!!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS ANALYSIS AND CONTENT. THANK YOU
Euro to USD is in a falling/descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and possibly higher after that level is reached. There is probably still a touch of the bottom support line of the wedge which could bring the EURO to .96 or so before the final move to the upside with the break of the upper resistance line of the wedge.
The USD has been in a bear flag/descending channel for years now against the EURO. The dollar looks like it has one more bullish drive to about 114 by around September of this year, before dropping to the bottom support of the channel/flag and retesting 96. At that point the dollar will either break right through without a bounce or if it bounces may try for 103 before its final descent down to about 67 which is the measured move of the bear flag.
These scenarios will both be invalidated if USD breaks to the upside and closes above 120ish on a weekly candle. I don't see this happening though because of many factors. Hyperinflation is right around the corner, if you think things are expensive now just wait and see when the printers really turn on. We haven't seen anything yet my friends, they were just testing the water to see how we would react to this inflation. What comes next will be epic.
This is not financial or trading advice this is just my opinion, thank you and good luck out there.
EURO U.S. DOLLAR FXCM : EURO BREAKOUT & USD BREAKDOWN IMMINENT!!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS ANALYSIS AND CONTENT. THANK YOU
Euro to USD is in a descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and possibly higher after that level is reached. There is probably still a touch of the bottom support line of the wedge which could bring the EURO to .96 or so before the final move to the upside with the break of the upper resistance line of the wedge.
The USD has been in a bear flag/descending channel for years now against the EURO. The dollar looks like it has one more bullish drive to about 114 by around September of this year, before dropping to the bottom support of the channel/flag and retesting 96. At that point the dollar will either break right through without a bounce or if it bounces may try for 103 before its final descent down to about 67 which is the measured move of the bear flag.
These scenarios will both be invalidated if USD breaks to the upside and closes above 120ish on a weekly candle. I don't see this happening though because of many factors. Hyperinflation is right around the corner, if you think things are expensive now just wait and see when the printers really turn on. We haven't seen anything yet my friends, they were just testing the water to see how we would react to this inflation. What comes next will be epic.
This is not financial or trading advice this is just my opinion, thank you and good luck out there.
BMIX BRAZILIAN MINERALS : PARABOLIC CURVE & DOUBLE BOTTOM! FOLLOW, LIKE AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU
BMIX has a massive upside potential here. The double bottom W formation signaled the bottom and reversal into a bullish impulse. BMIX is going parabolic and could see 4 digit price for Brazilian Minerals before it tops out. This is just my opinion and not financial advice. Thank you and good luck.
USD Index versus Gold and Silver in EUR 2008-2011Most of the times, when USDX goes up, Gold and Silver go down. However, there are time periods in which USDX goes down along with gold and silver. Or times when USDX goes down and gold and silver go down. Such bad market times for gold and silver happen, however these tend to be somewhat short-lived. For longer periods of time, gold and silver tend to go up strongly especially when USDX goes down. It feels like we are in July-October 2008 all over again as USDX is up while gold and silver down. A year-long upward trend may be in the making shortly thus representing buying times now. When this happens, gold starts to move up first with silver lagging behind to find a bottom while USDX consolidates at high level to eventually drop
In less than half a day, I realized that silver still a scam!In search of a bottom in silver, I realized that protective actives will not protect anyone.
I looked at the historical chart of silver and was horrified.
The asset that can be bought during the great depression (if lived at that time) is gold and silver. Silver had its own hype in 1865. But before that, silver was worth the dollar, 1 dollar is one ounce. After the release, silver fell in price right up to the Great Depression and depreciated by 80%.
Since 1932, gold has made 83x, silver from the bottom until today 66x. But that doesn't mean you have to buy now. Indeed, since 1865, silver has grown in price only 5.5 times. It is absolutely clear that earlier silver and gold were beaten with money, then they lost their value, but through various crises they turned into a defensive asset, but again did not turn into money. On the contrary, people only began to understand at the beginning of the 20th century that value can beat not only in metals, but in stocks and other various assets. Perhaps this led to the Great Depression, too high hopes for the growth of the economy, caused that people began to buy new financial instruments in bulk. After that, it turned out that gold and silver still have some value as an asset when there is stagnation and no development. But look around, technologies are developing, innovations are being created every day. Maybe someday it will end, but definitely not today.
Now there is a distribution of precious metals, and gold and silver have huge cycles.
This is how I'm being clever after I realized from the chart that gold and silver can only protect against inflation in the LONG TERM. The key word is long term. And after such a gigantic growth, an ordinary correction can hit against the background of which no one will receive any protection from inflation, but only kills.
Because against the backdrop of an increase of 8000% since 1932, even 20% inflation looks ridiculous.
In such a situation, you can wait for growth indefinitely, and the loss is getting right now. What do we see. Only such an interpretation makes it clear that now is not the time to buy gold or silver in order to get rich next year.
Look at the chart for a potential gartley butterfly. Bottom-9. Bottom-9!