While the inverse relationship between USDCAD and oil is strong, the long-term symmetrical triangle pattern that is forming with USDCAD suggests the dollar will move higher and in turn USDCAD. If the pattern is an upward channel, then dollar strength is stil the trend. We could also go into the fundamentals of oil, the S&P 500 and how each of these enjoys a strong...
This analysis that I have made is to retain insight into what can happen, to look back at what happened afterwards and to look back when I discover a similar case. I do not give advice as to what someone from this analysis should do or imply. It is an important reminder for myself about what happened.
PREVIOUS VALID COMMENTS
Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the short term and other for the long term. Gold and silver prices are trading lower...
As can be seen of the graphs, the ways of development for Silver, Gold and Bitcoin are incredibly alike. The only large difference is that BTC made it in 4 years, while for commodities it took 22 years. As yet Robert Kiyosaki declared - gold and silver are kind of a bubbles. The same can be told about BTC of course, regardless of fact that all three assets can be...
At the moment of publishing, this report gold is trading at $1289 while the metal is hovering around $14.90.Before starting our daily report we would like to inform you that right now three positions are currently active in our portfolio including yesterday's silver trade where we entered a short position at $15.50 and two positing for the yellow metal one for the...
UPDATE-ONE SHORT TERM AND ONE LONG TERM POSITION HAS BEEN ADDED IN OUR PORTFOLIO
Gold and silver prices are trading slightly higher today. The yellow metal is playing with its psychological resistance from quite a bit of time and at the moment of writing this report trading at $1302 per ounce, so what does it suggest for P.Ms? To be precise we believe the...
Those who have been following the Portfolio we are building on Tradingview will know where we are in the current Gold move (see attached ideas as we are not going to cover this here).
The upside in Dollar is here till Summer meaning we have a sharp leg to the downside in play for Copper. Gold has already moved first, and here expecting copper to start moving as...
Hello traders!
Today we will talk about metals, specifically Copper.
Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and...
In this analysis i will cover the lower time frames. From the first part of this long term analysis, we saw the price drop 40/50 points since that bear flag i showed broke. Previous analysis i showed a possible low that could bring us back up again, like the blue line on the right is showing.
Last update previous analysis:
At the resistance zone now, so chances...
At the time of writing, this report Gold and Silver prices are slightly down. we informed you in our previous report about the possibility of the yellow metal to make the slight correction which could take the prices up to $1300 per ounce and we have already witnessed that on last Friday. Well, the credit for this small correction goes to the sharp drop which we...
If you treat gold or any investment as a cult this is what happens to you
AN statement - when I was betting against America and the future of our kids I used to wake up each day and turn on news hoping to see disaster so my crummy pm stash could increase in value. I was like a cheerleader with him poms with skull and crossbones emblazoned upon them. It was...
DXY - weekly, start position in metals. Gold and silver. Hitting resistance of $97.51, RSI was OB. $Nugt $hgu $slv watch for fomc coming up. They might turn hawkish with todays economic data. NFP jobs miss, but unemployment down to 3.8 % and hourly earnings up...Good luck!
In my previous analysis i gave a nice guideline on Gold', showing a potential drop if that triangle fight would be lost. Eventually we saw a big drop happen, going faster than i initially expected. Something from my previous analysis when we were at the 1315ish support:
So a break of the triangle and the channel now. At the moment at a big support zone . If that...
