Short Platinum @ 978.00; TP @ 960.00, SL your choiceShort Platinum @ 978.00; TP @ 960.00, SL your choice
Metal
XAU/USD set for more gainsIt can be observed on the hourly chart for the yellow metal that the bullion broke out of the descending channel pattern to the upside. Due to that reason it can be assumed that more gains are to be scored, as on Thursday morning the commodity price fluctuated just below the 1,280 mark. The 1,280 mark seemed to pose some sort of rather weak but still notable resistance.
This recent breakout, which was initially not expected, occurred due to fundamental reasons. The recent quarrels between the United States and North Korea have created a sort of run to safety. Moreover, it reversed the recent fundamental strengthening of the US Dollar after the JOLTS Jobs Openings release.
XAGUSD AB=CDBuying XAGUSD Risk on trade // AB=CD Spotted on H4 im a quick long position on this pair // Stops under the support line // TP1 +30pips
GOLD SHORT ??Hi guys,as u can see gold is on the reversal zone on h4, it's a good opportunity to sell now! The Stochastic show us the same thing. Good luck!
GOLD SHORT SIGNAL IDEA CLOSED MANUALLY (-3.23 SUCCESS)Possible reverse closed manually. Target was 1247.xx
Possible breakout in silver again. 18.4~$22 range. Watch out for that in the coming days...
Gold is nearly its 5 year downtrend line too, with a higher high price made.
Could expect $1500~1900 once again once gold breaks $1320
$SI Silver futures next resistance is now 18.075 after breaking $SI Silver futures next resistance is now 18.075 after breaking the resistance at 17.600 #silver #futures #si #stocks #stock #options #option
Driving Through All The MA'sGold is currently in a strong mood. Macro economics wise it is really a short, because of the strong markets. It could be debated that gold isn't just a harbor used when the sea is wild. In any market it's obvious that there is a lot of money out there that needs to be invested. So I dare to go in long on gold these days.
Gold is Bear !Looking for bearish price action pattern on daily scale or higher .in my opinion gold will down to 1100 and 950 usd until 2019 .
Lets see !
Silver Update. Reversal Targets 23.10The price finally confirmed the reversal breaking above the resistance.
We got small correction on lower time frame (wave b).
The yellow zigzag shows the anticipated path.
Now the metal aims at 18.28-19.98 according to Fibonacci projections.
Then we should see the larger correction.
And then another leg upside, probably the final before the huge drop down.
Utlimate target where the large Y = large W = 23.10
Gold potential short setup and break of ascending 2hr channelGold has pulled back to the .382 fib and key daily resistance (USD 1206.95/oz) where price is currently stalling. I will watch for bearish price action around this level and enter a position on a break down of the 2hr ascending channel.
GOLD possible bullish move?We've this two nice solid candles...what do you think? Gold about to rise from this point?
Copper Expected to Strengthen - Long TermCopper Weekly – At the beginning of 2011, Copper made a directional change and has fallen more than 50% to date. However, with the copper demand growing, the commodity could be ready to make its next directional change in the coming months. China, the largest consumer of copper, is seeing its economy stabilising once again after suffering during the first half of the year. This had led to copper prices increasing over the last month and demand is expected to increase globally over the next four years. However, there is expected to be a large shortage for this growing demand and Citi Bank has predicted that this will lead to a 40% increase in copper prices. On the technical side, we would be looking for price to break out of the triangle, followed by a break of the $2.30 level. Copper prices along with other metals have had a weak final quarter for the past five years but this streak is highly expected to break this quarter. This would most likely mean a break of the triangle which would be a strong sign of a long term price increase. Alternatively, if price broke below $2, a strong decline would be expected.
CopperCopper Advance Call , possible Bullish Shark Pattern is developing, buy near 1.98 Tgt 2.098 & 2.168 Stop Loss 1.93
LONG IDEA SILVER (LONG TERM)Weekly are making higher lows. A clear break and close above green box would provide long opportunity. Enter at the pullback at the green box again. Entry area are marked.
GOLD AnalysisOn gold, we are inside of a monthly (1238.23-1205.49) and weekly (1243.13-1205.49) demand zones. There is also a daily supply zone formed just above us but this zone working out is low probability.
We have 2 alternatives that may happen here;
1- Red: We may go to lower timeframes and look for good buying opportunities right now and ride the price till daily supply zone above.
Or,
2- Black: We may wait the daily supply zone to get taken out upwards and wait for a pullback to enter long.
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SILVER AnalysisSilver is trying to reach weekly and monthly demand zone below. By doing so, it has been creating several daily supply zones too. Each of them are good for selling opportunies.
We may again see sellers to emerge at around 16.541-16.210 daily supply zone.
In coming days, we may see some high probability buying opportunities for medium-term positions once we reach monthly demand area down below.
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