GOLD-SILVER
XAUUSD TO 1670Gold has reached a major supply zone at 1794 and bounced off it showing that buyers are losing momentum. Overall, on a bigger timeframe you can see that Gold is now in a downtrend and this current surge to the upside is nothing more then a retracement as market will need to grab liquidity before moving down again. It is possible market can move further up to 1820 also before crashing down again. Got an entry in from 1794 already but waiting for a liquidity grab from 1789 before market shoots down.
My first target for Gold will be 1670, second target 1640 and final target 1570. I will be catching this massive swing trade on behalf of myself and my Account Management investors with very low risk.
Silver Big Move AheadSimilar to my latest Gold Chart, I believe that the final impulse (sub) wave of the first leg up will lead us into a correction before or just after breaching 28.5. This will be underway with a breach of 26.3 (confirmation) and then 27 (participation).
Correction at the top will be deep (~25.8), as it will be part of wave two. The first (non-believer) selloff in the first of three major moves higher from the bottom on March 31st.
I think a healthy correction will bring us back as far as this 25.8 before true liftoff ~ in June? ~
The Gold chart is appearing to me very similar in structure.
Outperforming US equities dramatically for the rest of 2021, with the first show of strength beginning now.
HIGHER FOOD PRICES!Coffee is one of the most consumed and traded commodities on earth, and it's price is about to explode!
FUNDAMENTALS:
-Despite quadrillions of currency units (DEMAND) created over the past 50 years, coffee prices are only slightly higher...this is because of the massive amount of coffee production around the world (SUPPLY) keeping a ceiling on prices. Debased fiat currencies (DEMAND) will prevent any significantly lower prices and make higher prices inevitable.
-Currency creation however is being ramped up to unprecedented levels (DEMAND) and increased government intervention around the world will hinder continued global production (SUPPLY).
-Weakness in the dollar relative to the currencies of coffee-producing nations (DEMAND) will bid up prices.
-Rising energy prices will increase costs (SUPPLY), pushing prices higher.
-A period of record cold temperatures linked to the Grand Solar Minimum will lead to slowing and potentially shrinking production (SUPPLY)
TECHNICALS:
-The 10$ price range of 115-125$ per contract with the most volume has been successfully absorbed.
-A massive amount of volume was traded at 50-75% lower prices from the 2011 peak, at the lowest levels in over a decade.
-A price-volume divergence has occurred, as during the correction from the 2011 peak volume continually increased.
-The corrective descending wedge from the 2011 peak has been broken and retested by bullish reversal candlestick patterns.
-Volatility has continually decreased for over two decades as prices have remained subdued, therefore an inevitable increase in volatility will likely occur during/after a significant increase in prices.
Setting for a liquidity crisis ahead?DXY is set to hit new highs before it crashes. This is going to crush all the noobs that are buying into this inflation narrative that the media is pushing. Best time to hold cash right now for the best opportunities ahead imo. CASH IS THE BEST OPTIONALITY THERE IS. HISTORY TELLS US THIS. NOT GOLD OR SILVER. AT LEAST NOT AT THIS MOMENT OF TIME. ALL THESE LITTLE BITCOIN BELIEVERS ARE GOING TO GET THEIR DREAMS CRUSH AND SPIT ON WHEN THE TIME COMES. Just my opinion.
Gold headed to 1900 in near-term, 2630 in mid-termGold just made a new 2-month high that indicates the end of the bull flag that started last August. It appears likely to continue to the 1900 level over the next couple of months. Depending on geoeconomic factors it may stall there or simply continue a 100% move to the 2600 level. This is not financial advice.
unexpected trend will be on BTC for the most users and this ...Hello trading friends,
I hope you have a great day.
As the most know my expectations for Bitcoin are 56K , And i did explain before more times why bitcoin has a huge rate chance to go there 56K trend . there is a difference between PD and market makers. we see last time an increasing trend, but the whales how to increase btc have no any hold history, and as the whales that selling in parts is hodl whales. on this reason we see a pattern depending on transactions that we can meet soon a 56K target.
should you go 100% on our expectations? of course not, you should follow your plan, and anyone has them plan for bitcoin, you should just see this as an idea of us for btcusd depending on high study for whale trend.
Know that I want the best for you, and I try to give the best info, noting are from me, every info i had add from the whale data.
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Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
Gold - Elliot Wave corrective phase completed (ABC)lets keep our eyes on Gold and Silver next week as a nice reverse hammer candle also formed, which could be a clear signal of an elliot wave completion. will position into some stocks early next week.
$HMY First breakout in the mining industry. Lately markets look kind of shaky and stocks that most people trade are very dangerous. We will have a shift and some of the funds will move into mining as overpriced flying pigs will start falling from the sky. I monitor this segment of the market very closely to be ahead of the crowd as thing will change. Lot's of miners been trading sideways or sliding lower, forming long flags. I knew that one day it will breakout and it is important to see who breakout first. And here we have the winner, usually first several stocks in the industry to breakout would do better than the rest. I don't see enough volume on this breakout and that creates the higher odds for pullback, will see.
I found this stock today, market is closed, so I did not opened the position yet but going to do it as I see things developing the right way. I would say this set up provides very safe entry point for a long term position. Good luck!
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.