EURJPY AnalysisI hope all Godal Member's, Traders and Aspiring Traders are all having a good start to the week and congrats to anyone who decided to use the previous charts analysis as a signal should be starting and ending last week profitable. Todays shared post is on .....
Pair : EURJPY
Time-Frame : Daily
Biased : Shorts / Bearish
Outlook: This chart analysis is based on break of a bullish daily trend and the identified formation of a head and shoulders forming . Now a new lower low has been made I will be waiting for a pull back to retest the new resistant level that has formed due to the support level being broken. Translating the new resistant level to the identified chart pattern, this will be the retest of the neck line and if personal entry criteria presents it self. I will be looking for further down side.
GOLD-SILVER
Mother of all Top in all AssetsWith so much money pumped in to system Like 2000. Dow should hit around 36000 and top should materialise by August/September. As it will be long term top. Not sure what will cause the top. it could be Bond Yields or Tax rise. something will break the system. First sign will be Trading Channel will be taken out after that Huge Gap down. then Game will be on. I am expecting all Assets to go down including PM. BTC will be first to top then everything else.
Sabina Gold and SilverChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.09 CAD
Stocks drop and rising interest rates Commodities set to rise!As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if the dollar rises, the stocks fall and then commodities rise. This is a hot new market to look for here. Warning2 I am not a financial adviser and take this with a grain of salt. Happy trading!
Ugly pattern. Will wait to entry at a better price. Forming a ugly pattern. It might be signaling a deflationary collapse in equity prices (liquidity crisis) on the horizon. Especially when everyone is saying "inflation inflation!" Markets will likely go the opposite and will wipe out all the "inflationary" and "pent up demand" traders. Remember there's never enough money in the system for everyone when they need it.
Gold back to around Feb 2020 prices - Support?Gold has been falling hard recently and is now on the trend line relative to price before COVID. Will it find support here for a rally or will it keep slowly sinking down to the bottom of the channel or trend line? It really feels like money is shifting into crypto and gold is not the cool kid any more. However, if I learned anything over the past year is that rotation in to poor performers can cause them to sky rocket. Maybe gold will start looking attractive at these prices and we can see another rally.
Uh-Oh!Bitcoin dominance made a higher high from its January 2018 all-time low just a few weeks ago!
It is currently battling the 200-DMA, if it continues to push higher this crypto run is probably over!
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GOLD/SILVER Ratio! Sell Gold, Buy Silver?
Hello,Traders!
What an interesting chart I've discovered right now.
A chart from the era of the bi-metallic monetary systems
Where both gold and silver were used to mint coins
However, history aside, the chart is very telling
And we can see that gold is overvalued in relation to silver
And the breakout of both the rising channel and a massive horizontal level
Indicates that the pair is in the downtrend long term
But how to use it? There is no such thing as Gold to Silver futures right?
Well, you can create this contract artificially on your trading account
By shorting Gold and buying Silver proportionally
By doing so you are creating an artificial Gold/Silver contract
As the USD factor cancels itself out of both pairs
So this way you are indeed trading gold against silver!
Sell!
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See other ideas below too!
Buy gold bull flag daily charts and buy silverHopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time.
We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855.
Further we had a nice inverse head and shoulders break today on gold on the hourly charts to further hammer in the bottom of this pattern. A great time to buy
Pattern has also been replicated on silver hourly chart so it looks as though metals are very much in favour again
Buy and hold both