Platinum H4 Projection Platinum is in a bearish trend as mentioned in the price chart. if Price respects this trendline and closes below the zone mentioned zone and also from the trendline then we can initiate a short sell.
Good Luck .
Platinum
PLATINUM FUTURES, Massive BEARISH TRIANGLE-Formation, BREAKOUT!Hello There!
Welcome to my new analysis about PLATINUM FUTURES on the global timeframe perspective. The precious metals market is moving into a decisive momentum within the recent times as developments within the financial markets point to a continuation of exceptionally high interest rates within vast majorities of economies and a continuation of hawkish interest rate approaches. An market with continued higher interest rates is pointing to an main indication of a more bearish determination for the precious metals market. If there is no change in the hawkish FED policies and a turning point into more dovish policies decreasing interest rates this is likely to setup the continuation of a bearish indication for precious metal derivatives such as PLATINUM FUTURES. This in combination with a strong DXY, U.S. Dollar Currency Index is increasing opportunity costs of holding precious metal derivatives such as PLATINUM FUTURES, especially within the currencies baskets this is likely to decrease long open interst and increase open interest in short positions to hedge against a depreciating fiat currency pointing to a bearish precious metal scenario.
From a technical perspective the signs are definitely worthwhile to consider here as PLATINUM FUTURES form this gigantic descending-channel-formation in which PLATINUM FUTURES already completed several massive bearish waves to the downside increasing bearish pressure and momentum forming several lower lows and pointing to a higher likelihood possibility of a continuation within the descending-channel-formation. Within this channel PLATINUM FUTURES also form the coherent wave-count with the waves A to C being already completed and now within the formation of the wave D PLATINUM FUTURES are forming this gigantic triangle-formation which is likely to complete within the next times. A breakout below the lower boundary of the triangle-formation will setup the origin of a continuation into the bearish direction and a substantial extension of the wave E within the whole wave-count increasing the bearish momentum till the final targets have been reached.
Taking all these factors into the consideration here the final breakout can setup faster than expected and then it will be important on how PLATINUM FUTURES setup the actual bearish momentum to develop within the wave-E of the whole wave-count because when the momentum is that strong reaching out to the initial target-zones marked in blue this can lead to a continuation just below these levels and a invalidation of the descending-channel into the lower directions. If this does not happen and PLATINUM FUTURES show up with the ability to stabilize within the final target-zones from there on the potential for a reversal increases and if this reversal setups, once it has emerged PLATINUM FUTURES also have the potential to show up with a final breakout out of the upper boundary of the descending-channel-formation. Especially with continued hawkish interest rate policy, in combination with the open interest in short-positions increasing exponentially, and the strong DXY putting bearish pressure on commodities as well as precious metals this is pointing to the final bearish acceleration and breakout developments to emerge realizing this whole bearish scenario.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
XPTUSD Solid buy entry but not confirmed yet.Platinum (XPTUSD) is trading around the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of a potential long-term Channel Up structure. This is the 2nd time it bounces off the Higher Lows and the 4th within the 7-month Support Zone.
The 1D MACD made a Bullish Cross last week and is on Higher Lows since June 30. The very same Triple Bottom formation on a Higher Lows MACD can be seen on the previous bottom. The Lower Highs trend-line break-out didn't confirm the bullish signal, it had to be a break above the 1D MA200 (orange trend-line) to give the confirmation. As you can see on both fractals the price got rejected on the 1D MA200 (August 11 2022 and July 18 2023) before it bottomed.
As a result we may have a low risk buy signal on the current level but it is not confirmed yet and needs to break above the 1D MA200 to do so. Our long-term target is the Top of the Resistance Zone at 1130.
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Platinum- New test of 1k zone?Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).
The start of September found the price at the bottom of this range and the price has started to rise again.
A first leg up followed and after XptUsd reached 950, a correction started.
Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next.
Bulls are favored as long as the price is above yesterday's low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward.
As in the case of Silver and Gold, I'm also bullish on Platinum.
PLATINUM, This Formation Possibly Provides Proper Setup!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it.
PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the downside as it already begins to struggle while it is approaching important resistance levels formed by past price-action. The wave-count you can watch is matching also this triangle which will confirm when the price the last time touches the upper boundary to confirm it bearish , therefore the whole formation will be confirmed with a close below the lower boundary and a possible additional confirmation of it which will show the proper short-side setup to be traded, although the aggressive immediate entry is also possible here the conservative waiting on the right confirmation will be way smarter. Targets will be way down in the structure and when the minimum targets achieved at around 900 there can come more bearish pressure, in this case, it is important to examine further.
In this manner, thank you for watching the analysis, support for more market insight and all the best.
"Trading effectively is about accessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
PLATINUM: Excellent buy signal at the bottom of a Rectangle.Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus we use this low price level to go long and target the 1D MA200 and the R1 Zone (TP = 983.00).
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Silver - A 50% Long Setup. Trade Only. No HODL.In a post on Silver from June, I analyse that a run to $33 is on deck:
Silver - 33 Moons And An Options Opportunity
In the time that has passed, we've had two ~10% bounces that have been sold off.
To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on deck.
However, I'm also expecting a very bearish September across all markets, which I outline in a recent call on Nasdaq:
Nasdaq Futures - Are You Prepared For Red September?
Because I believe that we'll have a giant rally that takes out the tops of a lot of things heading into the end of 2023, and 2024 will mark the beginning of the real economic calamity.
When it comes to silver and gold being bullish in the long term, they should be, but the market manipulators will keep price supressed for a few reasons.
The first is that a renaissance in precious metals, or even a bubble in precious metals, will amount to promoting bullion, coins, bills, and even ore. These things are mankind's traditions, and are at odds with the current International Rules Based Order (IRBO) pseudo-Chinese Communist Party culture that more or less wants to install something like a cross between Shanghai's Zero-COVID social credit system and the Taliban.
The second is that China, which is still governed by the CCP and Xi Jinping, has bought an incredible amount of gold in recent times, if reports are true and not fabricated at least.
And so a short raid on precious metals would amount to a de facto economic sanction against China, which the IRBO claims to be de-risking against.
Moreover, if something should happen to the Party, whether that be natural disaster, a greater pandemic, Xi performing a Gorbachev-style coup against the Party overnight, or Heaven finally dealing with the CCP's 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners, because China holds so much gold, there will be open selling into the market.
Prices will crash because the very wealthiest families on this planet are safeguards of tradition and will take advantage of the situation to purchase back that physical bullion and jewellery at record low prices amid the chaos.
"Buy when there's blood in the streets, even if it's your own," they say.
So here's the current call on silver.
The fake double top below the early May gap at $25.5~ is definitely manipulation.
It's traded back too far and hasn't shown any bullishness to give us confidence that we're going to go from $23 to $26 or $27 as a breaker pattern.
Because "resistance" has been printed, many very large players and retail traders who are short will position their stop losses over $26 and $27.
This becomes a target.
And in the meantime the goldbug moonboys have long stops under $22 and $21, which just so happens to be an untested gap.
So the trade here is to either look at a short on a retrace to $24 with a target of $21~, or just wait for $21 with a target of $33 by year end.
And then sell it all. Sell your spot. Sell your bullion, if you can't be hedged short.
Silver will eventually truly appreciate, and in a significant way, but it's not very likely to manifest before the new future unfolds.
And so in 2024, we may really see numbers sub $15 again. Ergo, because metals are, in reality, ranging and not trending, it's not a market for "buy and hold" to be an intelligent strategy.
Good luck.
Platinum Bearish SignalBearish Setup
-Price was in an uptrend
but now it has stopped making higher highs.
-RSI is also showing bearish divergence
-The price point has also
rejected from resistance
Gold defies bond sell-off once againNominal 10-year Treasury yields have risen to the highest level since 2007. Just when we though the bond sell-off of 2022 was behind us, it came back with a vengeance. Hawkish Federal Open Market Committee (Fed) minutes and a string of positive economic data from the US are casting doubts whether we have reached peak interest rates in the US. The Fed certainly has left the door open for further hikes and its decisions will be very data sensitive.
Relative to the bond market, gold is holding up well at USD1916/oz (on 23 August 2023). While gold prices temporarily fell below the psychologically important US$1900/oz level, Treasury Inflation-Protected Securities (TIPS) prices had fallen much further and other-things-being-equal, the bond market would indicate gold should be trading closer to $1830/oz. Gold’s resilience in the past month mirrors its defiance again the bond headwinds of 2022.
Gold has been facing US Dollar headwinds as well in the past month. The Dollar Basket (DXY) has appreciated 2.1% in the past month (to 22 August 2023). With a more hawkish Fed, there is a greater risk of further dollar appreciation.
Central banks bought a net 55 tonnes of gold in June following three straight months of selling. The Central Bank of Türkiye's (CBRT) return to net buying in June helped reverse a temporary trend. Having been a significant net seller between March and May to meet local demand, it swung back to net buying in June, adding 11 tonnes to its official reserves.
Of all the precious metals, silver fell the most in the past month (-6.1%). Net speculative positioning fell 88% to a level one standard deviation below its 5-year average. However, we suspect that excessive shorts were being covered in the past week. Since hitting an intra-day local low of US$22.35/oz at 13.30 on 15/08/2023 silver prices have bounced up to US$24.14/oz at 15.00 on 23/08/2023 (+8.0%). That low point seems to match the Fibonacci-implied support levels looking at year-to-date silver performance (the 38.2% retracement).
Silver inventory in London Bullion Market Association (LBMA) vaults, which fell precipitously in 2022 (-28%), has stabilised and gained 3% year to July 2023. Silver holding in exchange traded commodities (ETCs) have only modestly declined in 2023 so far (4%) after a 15% decline in 2022.
The last week’s bounce in silver price takes the gold-to-silver ratio back down to 81 (22/08/2023), from 84 (08/08/2023), fractionally higher than 80, where we were a month ago (21/07/2023). Net speculative positioning in silver fell 88%, one standard deviation below its 5-year average according to Commodity Futures Trading Commission (August 15, 2018 to August 15, 2023)
Platinum and palladium also followed silver higher in the past week, but monthly prints have come in lower. Auto sales have largely been improving in the past year, with sales up 18% y-o-y in Europe (June) and US (July). However, China sales fell 1% y-o-y in July. Autos are the main source of demand for platinum group metals.
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Copper - Did Social Media Tell You To Long The CCP Again?They call copper "Doctor Copper" because it's said to forecast the overall world economic conditions on account of being tightly wed to manufacturing.
Well, what people are really yammering about with that over the last 20 years is whether or not the Chinese Communist Party is healthy, and the world by proxy being healthy because it tied itself to the most heinous regime in history, the one responsible for the 24-year persecution of Falun Gong by former Chairman Jiang Zemin and the accompanying organ harvesting and genocide.
Unfortunately for all the blind bulls, the early 2021-2022 price action was a pretty good indication of a top, and that top is really confirmed by the fact that since October of '22, this bounce has been pretty weak, and starting this month, with all the drama surrounding the slow collapse of the Chinese economy, took out the previous two months' lows.
Monthly shows you that August price action took both the July and June lows.
Like, that's not the kind of "signal" you want to see to get long for a new all time high.
When something is retracing to take out major highs, you want to see lows rarely violated with something of a freight train towards the old highs.
Weekly bars show us something of a subtle pattern where it looks like it's just taken some lows and is consolidating and continually flirting with going back up.
But in reality the market makers are, most likely, just selling more under the previous $4.00 area.
And if that's really true, it means another gap down is imminent, especially after an entire quarter of ranging.
If you ask me, the first area that you can look for a long that is more than a scalp on copper is under $2.8, which is a critical pivot from September.
And a more likely target in the next 12 months is the $2.00 mark, which was barely swept out in the COVID drama.
The reality is, my friends, the Chinese Communist Party is going to fall overnight in our lifetimes. Not five or ten years from now. But very shortly, and everything is going to change.
Whether that is caused by Xi Jinping throwing away the CCP to protect himself and China from being taken over by the International Rules Based Order as it uses Taiwan as a soft proxy war, or because the whole world collapses under the results of the persecution of Falun Dafa, since everyone's been going to Shanghai to worship the toads and the Devil Red to get financial benefits.
This is the danger.
The danger is imminent.
But copper trades painfully slowly, so if you want to do this you have to have long duration, ignore the noise, and be willing to suffer some drawdown.
China under the CCP is never going to recover. Things are never going to be okay ever again.
Things will be okay once mankind returns to tradition.
But there won't be an international stock market like this anymore that day.
US Dollar Index Could Be Topping HereSee the three touches on the upper trend line. If this line holds, the DX price could move down to the 98 area. Also the RSI (10) is overbought.
Such a chart could be used to short the DX, or to go long the EUR/USD and the precious metals such as gold, silver, platinum.
If I were to trade the DX short, I would place an extra big stop loss, maybe at 103.90 or at 104 (maybe even higher) in case of some stop hunting/a shake out before a big move down. Then would carefully add on to a profitable position. Same for going long the other choices: use a big stop loss.
(A strong close above the upper trend line would not be good for this trade; a peek-a-boo move that does not actually close above the trend line means the trade is still viable. Also, a daily close below the 103 area would help confirm this trade idea.)
Good luck!
Platinum is trying to break the resistance!
As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Gold - The Tea Leaves Say: More Downside On Deck3.5% is a lot in gold, and that's about the range of the total landslide we've been through the entirety of August so far.
It's the kind of pattern where goldbugs and USD collapse narrative nerds go long and go long or hodl and hodl but the price never goes up.
In my last call on gold from the beginning of July, I warned that $2,000 was a death trap. That call was pretty successful, coming just a few dollars shy of the target, abeit it was because the next month's futures contract settled some 2% higher.
Gold - $2,000 Is a Death Trap
And with the index markets at large, I caution that Nasdaq not breaking 15,000 is actually a real bull trap
QQQ - Is It Rally Time? Or Are You Too Early?
With gold, geopolitical risks are heightened because Xi Jinping and the Chinese Communist Party he has yet to throw away bought a lot of gold, and at relatively high prices, according to media reports at least.
And thus, because of this, a form of subtle on-the-low economic sanctions against Xi and/or the CCP can be to devalue the price of gold, which puts the central bank in a bind.
And this is a real problem for China right now with all the other economic catastrophes that land one after another, and the flooding, and the instability, and the posturing of the International Rules Based Order about war/invasion via Taiwan.
The CCP won't invade Taiwan. But China might get invaded by the IRBO via Taiwan.
You might not believe it. But give it some sober thought. Tacticians are tacticians for a reason. Hitting from the shadows and blind spots is a real useful thing.
But for Xi, he can always weaponize the 24-year persecution against Falun Dafa that was launched on July 20, 1999 by former Chairman Jiang Zemin against the entire world.
Because the whole world has been going to Shanghai to train under the Jiang faction for economic and social benefits. Which means a lot of closet skeletons. Which means a lot of data dumps can serve as weapons delivered to international media in the future.
Anyways, here's the call, friends.
Gold is obviously going down and will go down farther. It really looks like it's seeking at least the short term lows, which means $1,900 is longzo-gonzo.
And so on a dump from where we're at at time of posting to, say $1,850, you're getting 5% on a very safe short.
You can short the hole.
And 5% is a lot of money on gold.
Probably only at $1,850 can we look for reversal longs towards new all time highs.
But with how lethargic gold has been, we may very well just have seen the top on the re-run to $2,080.
Silver - 33 Moons [And An Options Opportunity](Using 3-Day candles for visibility only. Consult weekly/daily yourself)
I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion.
Gold - When A New ATH Prints, Will You Get Trapped?
I hadn't paid a lot of attention to Silver and was on the sidelines until it dumped 10 percent this week, and now I believe there is a crazy good opportunity.
The problem with Gold is that the Chinese Communist Party bought a lot of it and they're going to get margin called or are the ones actually short selling.
The problem with silver is that there's not a lot of it left and it's really needed for technology.
When smart money wants to buy they accumulate at low prices and distribute at high prices. Often times what precedes the biggest moves are smaller moves that serve the purpose of wiping out and shaking out early short sellers and trapping retail traders who just love to buy high and sell low.
There's a lot of geopolitical risk in the world right now, as you can tell from the weekend "Prigozhin Coup," which I cover the implications of for the US Dollar here.
DXY - The US Petrdollar And The "Prigozhin Coup" In Russia
But the biggest geopolitical risk is what happens if Xi Jinping gets up one morning and dumps the CCP. Nobody believes this can happen and nobody is prepared for it.
But when it happens, it will implicate the whole world for both Xi and China to survive, they will have to weaponize the persecution of the 100 million practitioners of Falun Gong committed by the Jiang Zemin faction starting in 1999.
Since much of the world's financial sector and governments have dirtied themselves with Jiang in the persecution, when that day comes, it will mean that everything, everywhere is limit down. The liquidity will be gone, the algos will be off. Markets will no longer be made.
It is what it is.
In the meantime, nothing about what's going on with silver is bearish. Prices are low and it makes you want to sell, but it's actually a situation where you want to go long.
I believe that $21.20~ or $20.80 is what it's aiming for, and afterwards, the target will be at least $29.
So, what about options? One of the ways you can trade this move is calls on the SLV BlackRock ETF.
Getting in at $19~ and seeing a $10 move would push the ETF to at least $30.
There are two things that are significant about this:
1. Jan '24 at the money calls (based on the price right now) are $2.21
2. Average Implied volatility is only 24% and the 52W week low is 23.6% and the 52W high is 36%.
What this means is that calls are cheap and if iVol were to expand on a bull run from say 26% to 40% you'd pick up an extra ~$1 per contract on top of the strike gains.
The AGQ 2x Bull ETF has even more potential upside but it's a lot more risk and the swings are a lot more dramatic, for really obvious reasons.
All of this also means you can speculate in mining ETFs and individual miners. You need to use the underlying commodities as your metronome, though.
But this also means you'd have to be able to hold a winning position for 3 or 6 months.
You'd want to take profits at $27 and $29.
But if you get ahead of yourself and buy the $30+ high thinking that $50 and $100 and $500 are coming, you're likely to get seriously hurt.
Something is going to happen in this world between now and Q1 2024 and it's not going to be good news for the people lost in delusion wanting to have happy days and be a big baller.
Be careful, and happy trading.
Platinum is ready for a pushWhile long term us yields have been rising heavily, we saw harsh drops on the precious metals including OANDA:XAUUSD , OANDA:XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence.
Additionally, the ratio between platinum and gold also formed a double bottom, and it breaks through the down trend as well. This is a good sign for all the precious metals. If we look at the previous ratio, platinum is ultra cheap compared to gold. If we are entering the super cyle era for precious metals, platinum is going to be the star of the show.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we go there, the structure may look like an eve-adam pattern, which may throw the price to 1040-1080 region.
Combining the move with OANDA:XPDUSD , we may be at the beginning of a big bullish movement of precious metals!
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Precious Metals Schematics: A look into the Macro of FibonacciI have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form.
They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
Gold - $2,000 Is a Death TrapThis is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish:
Gold - When A New ATH Prints, Will You Get Trapped?
In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market.
Also, right now, I have an open call on silver for $33:
Silver - 33 Moons
However, as price has not traded down the levels I regard as requisite to trigger a bull impulse, while I still believe that these high prices will manifest in the future, the market makers desire lower prices first.
One thing to note about gold is both the monthly and weekly bars are actually bearish despite price having formed a long-term triple top:
But in the shorter term (1H-4H-1D) candles, gold is clearly heading towards higher prices after bouncing exactly over $1,900.
As I've said before, one of the problems with a metals bull market right now is that Xi Jinping and the Chinese government (the Chinese Communist Party) have amassed a large amount of gold in recent months.
China's economy is doing extremely poorly following the decimation of the Party by Wuhan Pneumonia and the CCP faces threats on all sides, especially from the International Rules Based Order who now chatters about "de-risking" from China.
Since the United States tends to be the market maker of everything, this is trouble for China's central bank. Large stocks of gold and a heavily declining price will put the regime in a great deal of trouble, depleting the money it has available for buying people off.
And this is a huge geopolitical threat, for Xi Jinping has one Trump card to play: throw away the CCP in the middle of Beijing time, which is the U.S. night, and weaponize the 24-year-long persecution and genocide against Falun Dafa (Falun Gong) meditation, which was launched by Jiang Zemin and its band of toad cronies in Shanghai.
Another thing to note is since the pandemic crash, BUT BEFORE 2022, gold has had something of an inverse covariance with the SPX and the SPX has an inverse covariance with the USD.
But after 2022, gold has traded mostly in lockstep with the SPX, although in recent days and weeks that has begun to decouple.
Looking at the daily covariance, gold and the USD have an inverse covariance with the overextended equities market:
And I anticipate a USD rally, as I state here:
DXY - The US Petrdollar And The "Prigozhin Coup" In Russia
Since I believe what the market makers have in store for us is a significant downtrend in the equities market until September:
SPX/ES - An Analysis Of The 'JPM Collar'
Gold setting a new high right now doesn't make sense.
And so what I believe will happen is the target for the algorithm right now is $2,030, and it amounts to a short squeeze/bull trap.
This will both take out the June high and draw in buyside demand over the $2,000 level, since retail goldbugs are always pining for a new all time high.
But the rally will fail, again, and the markets at large will fail again (except for Natural Gas).
Natural Gas - The Girl Who Hopes You Remember Her
And as the rally fails we'll see lower prices. Probably ending in the $1,800 range.
This amounts to a 10%~ drop and is pretty painful if you're sitting leveraged long and even worse if you're leveraged on call options.
If $1,800 is violated, then the top is probably already in, in my opinion.
So, be careful and make sure you practice social distancing from atheism, Marxist-Leninism, the Theory of Evolution, QAnon, and the CCP itself.
Long gold is about returning to tradition, and mankind's Heaven sent traditions are even more luminous than an entire vault of 100.00% pure AU.
XPTUSD Long-term buy opportunity near 1 year Support.Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since September 2022.
With the 1W RSI on a bottom sequence similar to the February 2023, December 2021 and September 2021 fractals, we consider this an excellent long-term buy opportunity. Our target is the bottom of the Resistance Zone at 1100.
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XPTUSD ( Platinum / USD ) Commodity Analysis 18/07/2021Technical Analysis:
As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel.
We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation levels in the correction wave condition, which are defined as the Fibonacci and Support and Resistance levels on the chart.
Currently The commodity is consolidating and Reaccumulating on Fibonacci Golden Zone.
naturally XPTUSD is moving in ascending channel presently.
we believe that the commodity is getting ready in order to shoot to the defined targets by Fibonacci Projection of the Past impulsive wave
💰 Exploring the Potential of Investing in Precious Metals.Throughout the ages, the allure of rare and captivating metals like gold, silver, platinum, and palladium has remained unwavering. Their scarcity, exquisite aesthetics, and enduring nature have made them objects of desire. While these metals are commonly associated with ornamental jewelry, their utility extends far beyond adornment, finding applications in various industrial and technological realms. Moreover, precious metals have long been regarded as a safeguard against inflation and a sanctuary for investors amidst economic upheaval. Consequently, the trading of these invaluable commodities has evolved into a pivotal component of the global financial landscape, witnessing the exchange of billions of dollars each passing day. In this exposition, we embark upon an exploration of the fundamentals of precious metals trading: the mechanisms at play, the influential factors shaping prices, and the diverse avenues through which investors can partake in this exhilarating and ever-evolving marketplace.
The vast realm of metals is neatly divided into two distinct groups: ferrous and nonferrous. The former encompasses iron, manganese, and chromium, although experts occasionally question the inclusion of the latter metal. This classification extends to alloys containing elements from these primary ferrous metals.
Understanding Precious Metals
From an official statistical perspective, ferrous metals command an overwhelming share, reaching up to 90%. One would naturally assume that such metals enjoy significant demand on stock exchanges. However, in reality, a majority of transactions occur outside the realm of these exchanges, transpiring directly between buyers and sellers. Consequently, the ferrous metals market and its liquidity do not boast the most favorable conditions.
Within this category, certain metals hold a prominent position in exchange trading, namely: gold, silver, platinum, palladium, copper, aluminum, zinc, and nickel. Amongst these, gold and silver reign as the favored choices among traders and investors.
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The price of precious metals is subject to the influence of various factors, encompassing:
Supply and demand dynamics: The fundamental principles of supply and demand exert a significant impact on precious metal prices. Limited supply coupled with high demand typically drives prices upward.
Economic indicators: Economic data, including inflation rates, interest rates, and GDP growth, can shape the price trajectory of precious metals. For instance, during periods of elevated inflation, investors often seek refuge in precious metals as a store of value, leading to increased demand and subsequent price appreciation.
Geopolitical events: Geopolitical occurrences like wars, trade conflicts, and political instability have the potential to sway precious metal prices. When geopolitical tensions escalate, investors frequently turn to precious metals as a safe haven, fueling demand and subsequently driving prices higher.
Currency fluctuations: Since the price of precious metals is commonly denominated in US dollars, fluctuations in currency value can impact metal prices. For instance, if the US dollar strengthens, precious metal prices may experience a decline as they become relatively more expensive for buyers using other currencies.
Investor sentiment: The sentiment and outlook of investors can play a vital role in shaping precious metal prices. Bullish sentiment may lead to increased buying activity, resulting in price surges. Conversely, bearish sentiment may prompt investors to sell their holdings, leading to price declines.
To summarize, the price of precious metals is influenced by a multifaceted interplay of factors, ranging from the core dynamics of supply and demand to geopolitical events and currency fluctuations.
Investing in precious metals offers several avenues for investors to participate in the market. Here are three of the most popular approaches:
Stocks: Investors can purchase shares in mining companies engaged in the extraction of precious metals like gold, silver, platinum, and palladium. The stock prices of these companies often correlate closely with the underlying metal's price, as their profitability is tied to production costs and market demand.
Exchange-Traded Funds (ETFs): Precious metal ETFs enable investors to buy shares in a fund that holds physical precious metals, such as gold or silver. These funds aim to track the price movements of the respective metal, providing a convenient means of exposure to the market without the need for physical storage and transportation of the metals.
Contracts for Difference (CFDs): CFDs are financial instruments that allow investors to speculate on the price fluctuations of precious metals without owning the physical metal itself. By entering into a contract with a broker, investors can buy or sell the metal at a predetermined price on a future date. CFDs are a more speculative approach, involving leverage and potentially significant losses if the metal's price moves unfavorably.
The potential earnings from trading precious metals can vary greatly and are highly dependent on individual factors and market conditions. It's important to note that trading in precious metals can be subject to volatility and fluctuations, and there are no guarantees of specific earnings. While gold and silver have demonstrated a long-term upward trend, it is crucial to approach trading with realistic expectations.
Over the long term, precious metals have historically shown the potential for favorable returns. However, short-term gains can be less predictable. It's important to have a long-term perspective and not expect significant profits within a short period. Patience and a strategic approach are key when investing in precious metals.
It's worth mentioning that the scarcity of precious metals, especially gold, has a significant impact on their value. As the available supply diminishes over time while demand remains steady or increases, the price per unit tends to rise. This trend is driven by the basic principles of supply and demand.
In summary, while precious metals can offer good returns over the long term, it's important to manage expectations and understand that substantial earnings may take years or even decades to materialize.
Investing in precious metals offers both advantages and disadvantages. Here are the key pros and cons to consider:
Advantages:
Safe haven investment: Precious metals, particularly gold and silver, are often viewed as safe haven assets during economic uncertainty or market instability. They can act as a hedge against inflation, currency devaluation, and geopolitical risks.
Diversification: Precious metals provide diversification benefits to an investment portfolio. They have a low correlation with traditional assets like stocks and bonds, which can help reduce overall portfolio risk and enhance stability.
Tangible assets: Precious metals are physical assets that can be held directly, offering a sense of ownership and security for some investors. Having tangible assets can also provide a potential alternative during times of financial crisis or disruptions in the banking system.
Disadvantages:
Volatility: Precious metal prices can be highly volatile, experiencing significant price swings within short periods. This volatility can pose risks, especially for short-term traders or those seeking quick profits.
Limited income potential: Unlike stocks or bonds, precious metals do not generate income through interest payments or dividends. Their value primarily relies on price appreciation, which may limit their long-term growth potential compared to income-generating investments.
Storage and insurance costs: If investing in physical precious metals, storage and insurance expenses can add to the overall costs of ownership. Proper storage facilities and insurance coverage are necessary to protect the value of the assets, which can eat into potential returns.
Market manipulation concerns: Critics argue that the precious metals market may be susceptible to manipulation by large players or governments, potentially leading to artificial price movements that may not reflect true supply and demand dynamics.
It's important for investors to carefully weigh these advantages and disadvantages, taking into account their financial goals, risk tolerance, and the broader investment landscape. Consulting with a financial advisor or conducting thorough research is recommended before making any investment decisions in precious metals.
Are Precious Metals A Good Investment For You?
Determining whether precious metals are a good investment for you requires considering various factors such as your financial goals, risk tolerance, and investment timeframe. Here are some key points to consider:
Diversification: Precious metals can serve as a valuable component of a diversified investment portfolio, as they often have a low correlation with other asset classes. This diversification can help mitigate risk and stabilize portfolio performance.
Inflation protection: Precious metals are historically considered a hedge against inflation since their value tends to rise when the purchasing power of fiat currencies declines. If protecting against inflation is a priority for you, investing in precious metals could be advantageous.
Volatility: It's important to recognize that precious metals can experience significant price volatility, which may not align with the risk tolerance of every investor. If you are uncomfortable with substantial price fluctuations, other investment options may be more suitable.
Liquidity: Precious metals generally offer high liquidity, meaning they can be easily bought or sold on major exchanges. This accessibility allows for flexibility and quick access to funds when needed.
Long-term perspective: Investing in precious metals, particularly gold, often yields gradual and steady returns over the long term. Patience is crucial when investing in these assets, as their growth tends to occur gradually rather than in short-term bursts.
Considering these factors, it is recommended to conduct thorough research, assess your individual circumstances, and consult with a financial advisor before deciding if precious metals are a suitable investment for you.
Impala can break either way. my gut says up but charts say downBroadening Formation (Megaphone) has formed on the daily,
The indicators are all showing bearish but I can't help but feel that the breakout will be up.
Regardless, price action is saying the following
Trend direction down
7 < 21 < 200
RSI =50
Bearish
So, once we get a breakout we will know exactly what to do.
Gold - When A New ATH Prints, Will You Get Trapped?It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold.
But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and dead money hedge funds.
And so if gold is really to return to relatively significant lows, like say $1,500, the purpose would be accumulation for $2,500 and $3,000.
And if that's to happen, with the way the last three months of price action has been, the gold MM, which is really quite a shark, is extremely unlikely to allow the funds and retail cowboys who have been short under the triple top ATH at $2,089 to enjoy the ride down with them
This monthly is too obvious that new lows aren't going to come before the highs are purged:
And the weekly shows that the $1,936 dump rebalanced the gap created by the big March candle.
A significant calculation in the markets is rumors that came out on Friday that the CCP would be pumping some QE to save its crashing markets.
This news came on the back of names as big as Elon Musk, Jamie Dimon, Henry Kissinger, and Condoleezza Rice either traveling to the mainland for the first time in years or attending virtually, along with the Starbucks and Pfizer CEOs.
So what's going on, if you ask me, is that the Party has once again been given a blood transfusion, and that blood transfusion may be in exchange for that gold it spent the last several months buying.
This would naturally mean that gold would pump so it can be sold at high prices and bought back even lower, with the dual purpose being that it would cripple the CCP's gold reserves, which are loaned on leverage.
Whenever you hear someone barking about how strong the CCP is, or worse, if they conflate "China" to "the Chinese Communist Party," you need to take a step back and ask yourself how a country whose lost tens or hundreds of millions of people to a pandemic it's still doing everything it can to cover up could possibly be strong.
It's not that the CCP is going to invade Taiwan. It's that NATO and the other global factions are thinking about how they can take over Beijing via Taiwan when the Party falls in the imminent future.
The persecution of Falun Gong by the Jiang Faction and the Communist Party itself in 1999 wasn't and isn't Xi Jinping's fault, but as the Party Chairman, his head hangs in the noose for this crime, a weakness that anyone can exploit at any time to get rid of Xi and the Party at the same time.
But the problem is that a lot of the western world and Europe and other countries have participated in the persecution, which has targeted 100 million spiritual practitioners and gone so far as to commit the sin of live organ harvesting.
And so this means that the situation in China is Mutually Assured Destruction, a real Game of Thrones, and ultimately the Heavens are playing them all for a fool together.
So, here's the trade:
Expect the $1,936 pivot to hold. (But $1,920 will also work)
Buy really here or anywhere under $1,950.
Be patient and don't get scared
Sell $2,150
Collect 7-12%
Buy wine and whiskey and treat your friends
Now the kicker is that shorting gold at $2,150-2,170 will be a really good trade, but for the bear case to really apply you want to see a liquidity purge and distribution, rather than a sweep.
Like, you want to see a wick or tweezers form on monthly bars, but you want to see gold spend some daily and/or weekly candles distributing and getting knocked down and trying again and getting knocked down over $2,100.
Otherwise an ATH that doesn't show signs of having its fever break can go quite literally anywhere, although the macro and timing does not currently make sense for this to be the case at present.
One of the best ways to play this is in the GLD ETF. Calls when it trades to about $178.5 with at least 3 months on the contract will print a lot of money closing over $200 if my trade is correct.
I can only tell you that the world is in trouble. A bull impulse when breadth is poor, macro conditions are poor, the timing doesn't make sense... all of them should be causes for alarm.
One day these distractions won't be maintained anymore and there will be significant problems we all have to face outside of the computer in the real world.
To make it through that, you have to be a good person, cultivate virtue, and go back to valuing and maintaining our traditions again.
