Crypto is a Bubble: Change my Mind!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
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GOLD-SILVER
GOLD + SILVER.Our support trend line shows where we would expect gold to come to if it was to be bearish.
Our resistance trendline shows where gold should break if we want to continue moving bullish, last week gold tested 1827 support twice before strongly exiting our bearish rectangle and created support upon the resistance trendline prompting that gold may be looking to go higher.
Asia Broad Band, Inc., Massively UndervaluedAs the name does not indicate, OTC:AABB is a base metal and precious metal player.
Technically, the stock is in an initial breakout stage on the weekly / monthly time scales.
Fundamentally, the PER is 0.35 by 2020 year's end and presently 1.35 with strongly improving net profits.
On the medium term the stock is at least a 5-bagger, potentially a 10-bagger.
I went long at $0.017 yesterday (Friday, 22 Jan 2021).
On the short term there is a possibility for the stock price to drop to 0.012 - 0.013 (on top of the white arrow) at which price I will double down if this happens.
GOLD Bullish Channel Break OutSince the inauguration of Biden, GOLD is rapidly gaining value. Assuming this amount of bullish volume will keep flowing in for another day or two, we could soon reach the $1900 area again.
For now, my main resistance targets are placed at $1900 and $1920. If you're feeling very bullish, take the latter.
Happy trading!
SSRM Technical Analysis 🧙SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Pirquitas mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Pirquitas mine.
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how will silver react?possible scenario if the silver bull is still going. the length of the rejection of hitting the to of the arch gets smales and smaler! maybe we will see 28 in the end of february.
GOLD (XAUUSD): Technical Outlook & Price Action
hey traders,
here is my multi-timeframe outlook on gold:
on a daily the price is still coiling on a major falling trend line that the price touched last week.
Taking into consideration that the global trend is bullish, I still expect a bullish reaction & continuation.
However, checking the situation on hourly time frame, we can clearly see that the price is currently consolidating.
Local support cluster is based on a daily trend line and 1817 level - current local structure low.
I believe that we can expect an intraday bounce from that next week.
I would also recommend waiting for a confirmation before you buy.
Good luck!
GOLD (XAUUSD): Technical Outlook & Price Action
hey traders,
here is my multi-timeframe outlook on gold:
on a daily the price is still coiling on a major falling trend line that the price touched last week.
Taking into consideration that the global trend is bullish, I still expect a bullish reaction & continuation.
However, checking the situation on hourly time frame, we can clearly see that the price is currently consolidating.
Local support cluster is based on a daily trend line and 1817 level - current local structure low.
I believe that we can expect an intraday bounce from that next week.
I would also recommend waiting for a confirmation before you buy.
Good luck!
Gold looks like it will test supportGold looking to continue slide down through the support at the linear regression channel middle and test support on that pink trend line (both MACD and RSI seem to confirm a continued move down). RSI seems to be indicating this correction is stronger than the previous one (see notes in RSI on chart). I will be looking to see if the pink line can hold. If not the next stop would likely be the bottom of the regression channel.
Huge DXY Uptrend Incoming!!! - crypto bags might get nuked...Here DXY is performing a major breakout to the upside, which will put it in a bull run for some weeks
We have bullish divergence on the daily and weekly, and hidden bullish divergence on the monthly
Talk about a momentum shift. After the 9-10 month bearish run it is now very likely gonna be the opposite for the dollar
This should cause weakness in BTC and the rest of crypto, as they essentially are currencies traded against the dollar
Also, this should cause weakness in gold and silver as there is more confidence in the dollar again
Should make USDXXX pairs very strong on the FX markets also
I think the run will be stopped by fears of dollar inflation due to the sheer amount of QE taking place which will flip the momentum back to BTC, gold and their counterparts - imma hedge a guess for late spring early summer
Remember your trade may go the wrong way due to DXY strength, don't get frustrated.
Side note, yesterday in a Youtube Webinar the US Central Bank leader, Powell, confirmed the move to central bank digital currencies in the future, so crypto should win eventually!
DXY Bounce to 93/94Provided DXY can clear the inclined resistance, we will see a re-visitation of the 93-94 level, with real consequences across the board for commodities.
Continuation of a bearish downtrend should resume if this plays out into February, with a deciding point potentially playing out into August.
Fundamentally I expect a year of spending/money printing to weaken the dollar to below the critical levels where both inclined supports converge.
This path may be invalidated if we go far above the 94 levels. My preferred scenario is that we might see a descending triangle, where the current bounce in DXY is contained and continues downward pressure on its current support level (89).