As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and...
We are now covering Gold (not Barrick Gold) but the commodity. Gold prices are broadly stable after the latest breakout of the consolidation range but still trading at record highs, supported by a weaker U.S. dollar and prospects of a long-awaited interest-rate cut by the Federal Reserve on Wednesday. The Federal Open Market Committee is now expected to cut...
What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Barrick Gold is following suit. However, after every rise, a...
Apple’s Cup and Handle pattern in the early 2000s is often cited as one of the most significant. After a prolonged downtrend, Apple formed a large cup with a handle from 2000 to 2005, which, after breaking out, has continued to appreciate to this very day. However, Apple's pattern is nothing compared to the current Cup & Handle pattern that exists in silver,...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to start by attempting the higher resistance 2510-15 and based on the flip we would see an opportunity to short back down into the 2480-85 region. It was here that we suggested traders look for the set up to go long and target the higher levels again, which worked very well for...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the high to confirm which worked well, to then short into the lower support levels which we got nearly to the pip. We then said we would long looking for price to attempt the ATH to finish off the week, this move completed half way. During the week, we said traders should look for an...
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart. Why they are trying to shake you out of your long positions in Precious-metals. Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below. I see better...
On the important 1HR timeframe and critical 50 EMA where it gets most of its support and cues from, for the 5 hours it has still had this support despite some bouncing around and increased volatility on the lower timeframes. Mr Powell addresses at 10am NY time and New Home sales we would like a bearish figure and an upbeat Mr Powell who probably is a bit...
Happy Friday guys, I was tired & late getting into the Asian session earlier. But as soon as I locked-horns with my 42" monitor I saw that Gold & Silver were in a mild upside rally. I soon took a long position & recommended one for you in Silver which was rallying stronger than gold. The gold price struggled at resistance from 2490 to 2500, not strong...
Nice SCTR score and retrace to the 1HR fib. Has already bounced. SET:GC targets 2563/78 on this move.
Gold has outperformed the broader U.S. stock market this year, with analysts predicting further gains as the Federal Reserve nears rate cuts. Gold surged to a new record high of over $2,500 per ounce, and some experts forecast it could reach $3,000 next year. Key drivers include potential Fed easing, geopolitical uncertainties, and increased demand from central...
Technical Confluences: - Stochastics is very close to Overbought conditions in D1 timeframe - Price is close to the 161% Fibo Extension Line - Projection using Elliot Wave count is pointing that the price may push up towards the Fibo Extension Line Fundamental Confluences: - With ongoing geopolitical tensions between Israel & Iran, there is a pressure for XAU to...
We are checking the trend for the next target up 62K, we did an update before about the correction that is already done and BTC looks positive for the next increase target. With this update, we did expect before the correction and already it did gain BTC is in the channel zone and can make any time new volume up 62K With this update, we did add the possibility...
In a gold bear market, Barrick Gold's stock hasn't done much at all and ultimately has underperformed as investors anticipate lower earnings. However, investors might see this as a buying opportunity if precious metals see liquidity rotation out of the more overpriced and inflated assets.
Technical Confluences: - Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3 - Price action is close to an Interest Zone and is also at the 200MA Fundamental Confluences: - SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being...
Palladium is sitting pretty at the 1hr fib retracement levels. If the economy keeps roaring, so does Palladium; get some. Stop below.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Traction should be to the upside to form higher highs. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an...
Prepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again. The next upper target area is $2560++. Watch this video and consider what I see as a structural Flag formation. Gold will continue to attempt to move higher - but it will do so in structural price waves. If you are holding any open long positions, be prepared...