This is the TNX at the daily view.
There are way too many retail traders who are trading precious metals blindly. The first rule in trading? Protect your profits (capital preservation). Generally, you cannot protect your capital if you're trading something that you don't understand.
The ten-year note is important since it has an inverse relationship with...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices look to have stabilized above 27,00 as the bearish correction seems to be over. On the downside, prices might want to re-test the ascending support line.
MACD and RSI for the Gold / silver ratio is very low and it touches a support line. It points towards a turnaround where the price of gold will increase compared to silver. This has previously been the warning sign of a turnaround in the price of gold. Does this show a setback is coming for the goldbugs?
This system is one of my favourites in my arsenal of technical indicators. In this video have shown gold and silver monthly as an example of how it works. Why not give it a try yourself? The idea of this system is to see the bigger picture and then drill down with my other indicator templates to see the finer details of entry and exits.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
This if the first week in nearly two months for precious metals to close with a negatively weekly price performance.
Bearish Fundamentals
- The recovery of US Treasury Bonds yields alongside a strengthening greenback...
Good EARLY morning.
We've been ranging between the 11k- 12k range for an extended amount of time since the 10.5k breakout.
Unless we break 10.5k, my target a ling position would be 13.8k.
(short-medium term)
*These are just my thought process, visuals, and perspective behind the latest price action within that certain timefrime (12 hour for this chart) *
Good morning everyone.
The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing.
Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the...
to key 50 or 200 day (red) MA on daily as well as 5 EMAs on higher time frames
I could see one more thrust up and a break of the trendline down - but if it just goes up from here then all bets off, there will be no typical pullback after a monster ~300% move up. This case was 380% since march lows.
11975 - 12075 - 12475 short term targets.
(if we hold these levels be smart ladies & gents)
Trading psychology tells me since the trading community is taking the bitmex news as "bearish", I'll be one of the few to long. (imo)
-Yurlo
I'll provide an update in regards to how this trade plays out 10-30 minutes after daily close at 8pm (EST) time. (currently 5:52pm)
We broke above the short term (local) downtrend (trend-line) resistance zone.
Looking to see 11400-11600 act as support to end this weekly off before anther leg up.
HOWEVER, we're above this range's mid-point (11695) and the...
Gold and Silver has had a pretty strong run so far this year.
As both precious metals are stores of value and have an ever dwindling supply (until we can mine asteroids for minerals), we can hope for the value to contiinue going up.
Based on this pretty wide Fundamental analysis:
mises.org
We can count on this metals to be perform pretty well in the Long...
This ratio will help you to forecast XauUsd & XagUsd. When you forecast gold and silver next moves also use this ratio as an indicator. Currently this ratio is bearish, but expect some correction soon. Bearish ratio means XauUsd has more weakness than XagUsd, and vice versa.
