Uranium LongUranium indications are bullish and signalling a strong reversal from a long-term downtrend.
Metal
Gold: Bulls Out! 🤠🤠🤠The bulls were not able to push the gold price above $1837. Hence, we have adapted our expectations and now foresee the price to fall under $1673.
Happy weekend!
I Will Upgrade To Frosted Rose Gold Now ...If BTC stabilize at 50k for the next 2 days, i will buy at 0.17 to upgrade from Jade Green to Frosted Rose Gold.
XAGUSD 2021/08/30 Trade Idea Completed.XAGUSD. Close Your Trades and Take Profit. Here is a quick recap. After formed a double bottom and closed above the neckline, I waited for a pin bar or rejection candlestick to form. Two formed after the initial breakout. The second candlestick pin bar was both a pin bar and engulfing candlestick. So, I had bullish factors for this trade idea. The bullish confluence factors were double bottom, EMA 10 above EMA 20, higher lows, and initial bullish breakout candle stick engulfs previous candles. The breakout candle is huge. The breakout candle high and close price were close together. The upper wick is extremely small for this bullish break out candle.
Gold: It’s Time! 🕰️🕰️🕰️We are waiting for the gold price to rise to levels around $1867. This is the goal for the current movement. After that, we expect the gold price to fall below $1673 in the mid-run.
Let’s trade and see!
Silver decline done yet?too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.
Newmont: Game Time! 💰💰💰The Newmont stock has reached an important mark within the chart, and we are waiting for the stock to turn around. If we stay above $54.18, we continue to expect the price to crush through the resistance at $75.31 and proceed to tackle prices above $90. However, a 45% chance of falling below $54.18 remains, which would lead to further declines.
Go Bulls, Go!
PALLADIUM - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Palladium is approaching around a support zone in green so we will be looking for buy setups.
on H4: Palladium formed a valid trendline in orange but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, Palladium would be overall bearish can still trade lower till 2500 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Metal MTLUSD - Bull flag +2000% gains!- Metal MTL Rank #184, Volume 24h $327,375,718.
- On the chart we can see a bullish flag, which is currently breaking out!
- New All Time Highs very soon.
- Target is 1:1 fib extension, RSI is prepared for the next pump.
- we had 3 years of consolidation in the rectangle / head and shoulders pattern.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
Copper Rises to Resistance as Supply-Side Issues Heat UpCopper prices are seeing some upside movement as supply-side issues intensify. Codelco's Andina mine in Chile saw workers go on strike after mediation talks fell through. This adds to labor tensions in the major copper-exporting country, with workers at BHP Group's Escondida mine still negotiating a new contract as a possible walk-off looms. Meanwhile, workers at a JX Nippon Mining & Metals owned mine, also in Chile, went on strike this week.
Prices are now at a descending trendline formed off the July swing high after rising off the 61.8% Fibonacci retracement. Moreover, the 50-day Simple Moving Average (SMA) looks to be providing a degree of confluent resistance. Breaking above the trendline may open the door for an extension higher.
GOLD will consolidate first before rising againIn some time, Gold will consolidate first, touch at 1754-1755, and after that it will go higher. Targeted profit at the price of 2065 (1.618 Fib Extension).
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
XAUUSDPattern: Trends
Confirmation: Rising trend being squeezed into a limited price range.
Entry: Waiting for to see if we have a rejection candle from the trend line, potential break and re test strategy or lastly working with the power of buyers vs sellers by monitoring volume. currently will enter a buy if we receive a rejection indication here failing that will enter a sell if we break and have a good re test of structure.
Fundamentals: Strong finish last week to DXY causing a big fall in gold, look to see if the dollar continues its strength a lot based on employment reports.
Nifty MetalNifty Metal as of 07/08/2021.
Weekly break out and daily closing above the long unwinding
VSSL LongCurrently, Demand in Metal Sector increased due to China extend its customs duty. In the last year 2020 due to Lockdown, many businesses were stuck.
VSSL is trading at an all-time high level. Recently gave the breakout @279.
One can Hold the VSSL stock in his portfolio above 279 for the Target 340-370. If it sustains above 340 then soon will see 400-500 Levels too.
Our Bullish View will be negated if it is closed below 229 on a daily basis.
Disclaimer: This post is for educational purposes. We are not responsible for any profit or negative occurred by you.
SILVER BULLFLAGBullflag on silver. Little setup shown on chart once we see a breakout.
This is not financial advice and is only my own idea. You should always do your own research before making any investment decisions.
Thoughts/suggestions are appreciated in the comments!
Shorting XAUUSDShorting Gold today. Price appears to be rejecting the current resistance-found-support level to continue bearish. Targeting the next support level at 1795.
GLD: Correction incoming! ↘️↘️↘️The GLD price has reached its ideal mark at around $171.43. Now, we expect the price to drop all the way down to levels around $162.15. Ending the correction there, the GLD can then look forward to gain upward momentum.
Enjoy your weekend!
It's time for GOLD to dropThere have been rejections at the price of 1815 several times (light blue line), and my projection for Gold will fall to touch the price of 1766-1767.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
MTLUSDT TECHNICAL ANALYSIS We already got 2 signals from @EngineeringRobo and candle break out triangle. If new candle completely open close above to down-trend line it may opportunity for buy. Let’s follow chart closely.
“NFA”
Silver: Long Road Ahead! 🛣️🛣️🛣️For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above $30.35.
Have a pleasant weekend!
XAUUSD/GOLD - 1H - HEAD 'N' SHOULDERS - SHORT/SELLHead 'N' Shoulders pattern forming in 1H gold.
Today we'll look to short gold.
Happy trading.!
Best Regards,
The MorningStar Forex
PALLADIUM - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes.
on M30: PA1! formed a valid trendline in red but it is not ready to go yet.
Before we sell, we want the sellers to prove that they are taking over again.
You don't want to sell a bullish market right?
Trigger => Waiting for a momentum candle close below the last swing low (in gray) to sell.
Until the sell is activated, PA1! would be overall bullish and can still trade higher till the 3000
and of course, as it approaches the lower green support 2500, we will be looking for trend-following buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SILVER Bearish Bias! Sell!
Hello,Traders!
SILVER is trading between the horizontal support and resistance
And the metal failed to break the resistance level
Then broke out of the rising channel
And I think that after a pullback and a retest
Silver is likely to go lower
To retest the support below
Sell!
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