GOLDGOLD was in the middle of the ascending canal, but also in the area of 1900, a very important level. In my opinion, he will probe this level for a while, after which he will choose the ascending direction. Long Gold for now!
Metalsignals
GOLDAs you can see from the past analysis left on the chart, gold is in a rising channel. However, given the volatility and the unit of time analyzed, there may still be days in which it decreases. But as long as it stays in the area of this channel, and if we do not trade Intra-day, the prediction for Gold is Long.
Gold: Going Canoeing! 🛶🛶🛶We have reached an important region by crossing the line at $1879. Next, the gold price should move downward again. If the gold price remains above $1799 it should keep its bullish orientation and prices of $1951 should be realistic after turning between $1839 - $1823.
We wish you a great start to the week!
Silver: Turning Point? 🔀🔀🔀We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
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GOLDGold is in an important area of resistance. It is possible to fight it a little, but we have a few days of growth behind us, and I think that this resistance will be overcome. Long gold prediction for today!
I ANALYZE FOR YOUR COMFORT - GOLDBullish cascading formations for GOLD, which seems to aim upwards. As long as the chart stays that way, and because we are in the week of inflation, the prediction for Gold remains long!
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I ANALYZE FOR YOUR COMFORT - SILVER It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening !
If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will publish the analysis. Everything on green !!
GOLD - STILL LOOKING THE PATHStill shy in climbing, gold reacted to the first resistance encountered. But this does not mean anything bad, but only shows the caution of the bulls in the face of so many failed attempts in the last year. But I think the age of metals is approaching, and I believe that they are already on a still minor upward trend. For the brave, it is time to act, the price is good for the future. EVERYTHING ON THE GREEN!
Silver: Waiting for the Entry Point ✅✅✅A lot of you have asked us to analyze the silver price, so here it is! We expect the price to rise between $27.045 and $27.825. From there, we believe that the silver price will be moving downwards for a long time, as we expect it to fall under $20. This would be an amazing opportunity to enter on the long side and hold those positions for an extended period. However, there still remains a 35% chance of an early breakout above $30.35.
What would you like us to look at next?
XAUUSD The RSI's rare Bullish DivergenceDespite Gold's recent and continuous downfall, there is a unique technical occurrence that I spotted and have to bring forward for short-term consideration.
As you see on the chart, since November 24, 2020, every time XAUUSD's price is on Lower Highs (red), while the RSI is on Higher Lows (green), i.e. a Bullish Divergence, the price makes a bottom and rebounds.
Since January 15, 2021 in particular, that rebound (after the RSI's Bullish Divergence) has always topped above the 4H MA50 (blue trend-line) on what is a Lower Highs Zone (red zone).
This is on a short-term horizon, for your consideration only. Do not lose track of the bigger time-frames as shown below:
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Silver Set UpTrap 2.0
Will placing 2 positions once the market is open,
price is above the 10, 20 & 50 EMA!
Most recent candle engulfed the 3 previous candles.
TP's will get hit, money will be made!
*Markup is on the daily so it might take a few days to fully play out but hold & don't fold!*
(Personal recommendation try to buy physical silver, the central banking system is in historical weird times with all the debt created and the inflation of all currencies. Silver & Gold are tangible items that's values will never go away plus silver is used for solar energy! Think bigger, think for the long term & never be scared to lose.)
Metals Reversing?Hey hey!
XAGUSD and XAUUSD havehed a decent down-turn this week... but some relief on the upside might be due!
Our system says there is a good chance, as long as we break above on the 10m chart and make a higher high on the recent 1H movement.
All of the indications remain bullish for us right now.
1H:
- 38.2% rejection
- Possible higher low
- Rejection candlestick
10M:
- Strong bull reversal pattern
- Higher lows and higher highs within the pattern
Some of the other trades we have now are:
BTCUSD long
DAX long
IN GO (L) D WE TRUSTH !!
This time not in gold but in silver. I have recommended to my clients, the entry on silver or on miners since Thursday. The situation is heating up in the markets, and I expect a serious increase right in the opening tonight. But entering now compared to Thursday, involves some risks of extreme volatility, due to the situation in the markets. Let's not underestimate those who never sleep, and who will surely jump in the boat after the course is set. I mean of course reddit boys !!
See you tomorrow if I was right.
Everything on green!
GOLD Buy SignalPattern: Double Bottom on 4H.
Signal: Buy as the price is posting a similar Double Bottom as the late September sequence. The MACD is about to make a Bullish Cross.
Target: 1915 (below the 0.618 Fibonacci) and 1930 (below the 0.786 Fibonacci).
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