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Preciousmetals

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.
OANDA:XPTUSDLong
by WhaleGambit
$DXY - Headed South (97) - The Dollar Index TVC:DXY is trading below many resistances (broken big range of 100.8-105 ; trendline resistance from 114 High; 20-50EMA) In the short term TVC:DXY seems to be gravitating towards downside, with a completion of macro correction ABC Waves, with C wave probably ending at 97 macro S/R resistance area. This critical macro S/R is quite likely the next stop for TVC:DXY to find some floor of Support to bounce greatly. With TVC:DXY headed South at 97, other Financial Markets Sectors will perform great in gains, so would Bitcoin and other cryptocurrencies TRADE SAFE ! *** Note that this is not Financial Advice. Please do your own research and consult your own Financial Advisor before partaking on any trading activity based solely on this Idea.
TVC:DXYShort
by Mr_J__fx
4
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, 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.
OANDA:XPTUSDLong
by WhaleGambit
1
Why Silver stands out.In the ever-evolving landscape of global economics, precious metals like silver, often serve as key indicators and safe havens. This week, we'll explore the factors making silver an interesting prospect in today's market. Current Macroeconomic Indicators: The latest Consumer Price Index (CPI) data indicates a slight increase in the US for July, registering at 3.2%, up from the previous month's 3%. Predictive models from the Reserve Bank of Cleveland suggest an impending rise for the August CPI. Concurrently, the Reserve Bank of Atlanta's GDPNow model projects a rise in GDP figures. Silver, Inflation & GDP: The above becomes important when historical data reveals that significant spikes in silver prices often follow periods of simultaneous rises in GDP and inflation. Notably, in years that saw increases in both indicators, silver recorded gains of 38% and 46% in 2009 and 2020, respectively. Conversely, 2002 saw a modest 2% return. Silver vs. Gold: A measure of relative value between the two major precious metals via the ratio of Silver to Gold, further substantiates the idea of a potential strength in Silver. The ratio is trading just off a trend support-turned-resistance and at the upper end of the symmetrical triangle. Resistance here can play out in the format of silver strengthening relative to gold. Yields and Silver: The longstanding inverted relationship of yield and silver can be observed in the chart, but the ratio provides some insights into the limits of this relationship. What’s immediately obvious to us post 2008 there has been a regime change in this relationship as yield grinded lower and silver remains elevated. With no immediate large catalyst on the horizon, it is likely the current regime will hold and hence, the ‘floor’ in this relationship is near. Meaning relative to current levels of yield, Silver is trading on the lower side. Equities vs ‘real’ economy: Beyond being a precious metal, silver's industrial applications—from automotive to solar panels and electronics manufacturing—make it a bellwether for the 'real' economy, akin to copper. Comparing the Nasdaq 100 against industrial metals illustrates a disparity between equities and the 'real' economy, positioning silver as significantly undervalued relative to peers like copper and gold. Positioning: Current market positions, particularly among net Non-Commercials, seem to favor silver with a growing bullish sentiment. Technical Analysis: A noteworthy observation is the persistence of the 22.5 level as a pivotal support and resistance mark for silver, a trend tracing back to the 80s. Prices currently thread above this level and remain supported by an uptrend that began in August 2022. Additionally, RSI points to oversold, and in the past 4 instances when RSI reached such levels, prices quickly rebounded thereafter. Against the above factors, we see support for Silver, on multiple fronts, such as economic cycle, relative value against equities, and underpriced when compared against gold. Hence, to express our view on Silver, we can set up a long position on the Silver Futures at the current level of 22.67 with a stop at 21.8 and take profit at 25.10 . Silver prices are quoted in U.S. dollars and cents per troy ounce and each 0.005 move is equal to 25 Dollars. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.atlantafed.org www.clevelandfed.org
COMEX:SI1!Long
by inspirante
A potential reversal point for SilverOANDA:XAGUSD has been beaten as bond yields are rising and Nasdaq is falling. But it reach to a good support point. There are three signals for a potential support here. We are at the band of the rising trend. First monthly pivotal support First pivotal resistance point for OANDA:XAUXAG Let's see if this support points holds or the price falls to the next support station. If we get a reversal move from here, it should first target 25$ and then 26$. This move should be supported with a rising OANDA:XAUUSD move. If gold breaks 2075$ barrier, we can see 28$ for the silver as well.
OANDA:XAGUSD
by WhaleGambit
1
#Gold UpdateI spent the last few weeks out of trading as I attempted to identify the start of an ending diagonal based on what I saw on lower timeframes in anticipation of the [A ] [B ] [C ] flat. With the decline that happened last week, I am now open to three alternatives. Black Labels [A ] [B ] [C ]. Wave [C ] is an expanding diagonal with wave b already completed. Expanding diagonal case looks stretched to my eye. Colour labels - base case. We have just completed wave (2) of the contracting diagonal. It looks a bit too deep, though. Wave [C ] dwarfs wave [A ]. Not good. The orange case is expanding diagonal and is in its final stage. Again wave [C ] looks disproportionally big to wave [A ]. Neither is perfect.
OANDA:XAUUSD
by Fomenka
1
#Silver UpdateIn Silver, the picture appears to be a little clearer than in Gold, since the price appears to have formed a definite (W)(X)(Y) pattern, with (X) being a symmetrical triangle. Such a pattern is the best candidate for wave [2 ] of the expected diagonal. Unless the price keeps drilling and forming a smaller diagonal pointed downwards I am fairly confident that the market has turned up. Not advice. Yet, again wave c looks a bit too big but I will have to live with that for the time being.
OANDA:XAGUSD
by Fomenka
Is silver going to $26 per ounce? Maybe. In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around $22.50 to more than $25 just a few days ago. Currently, one troy ounce of silver trades around $24.85. We continue to be bullish on silver and pay close attention to the area between $24.55 and $24.64. If silver manages to defend this area and ideally hold above it, it will be bullish. But if it fails and drops below its 20-day SMA near $23.90, it will prompt us to secure profits. At the moment, our price target of $26 stays in place. Illustration 1.01 Illustration 1.01 displays the daily chart of XAGUSD. The yellow arrow indicates a bullish breakout from the downward-sloping channel. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAGUSDLong
by Tradersweekly
15
BRICS, gold-backed currency, and challenge to the U.S. dollarEven if you are not a gold bug, you have probably caught the news about central banks being on a gold-buying spree, with 2022 marking the record year for central bank purchases. This trend has not stopped in 2023, and many countries intensified the diversification of their reserves amid economic uncertainty, geopolitical tensions, and high inflation in the United States. For some time now, we have considered this interest among central bankers as a very positive development for gold, making a case for higher prices in the long term. But more recently, we might have found another catalyst for the gold price. According to multiple media news outlets, the BRICS countries plan to introduce a new gold-backed currency in August 2023 at the organization’s summit in Johannesburg, South Africa (though Anil Sooklal, South Africa's ambassador to BRICS, denied these claims just a few days ago). Despite contradictory narratives between media and the BRICS officials, the shift to a gold-backed currency would be a monumental event in the world of finance, given that there has not been any gold-backed currency since U.S. President Richard Nixon suspended the convertibility of the U.S. dollar to gold on 15th August 1971. This move, often referred to as the “Nixon Shock,” effectively marked the end of the Bretton Woods System, under which most of the world's currencies were tied to the dollar, which itself was tied to gold. Since then, the U.S. dollar has lost more than 96% of its purchasing power, and gold has risen from $40 to over $1,900. Should the BRICS countries proceed with the introduction of a new gold-backed currency, it would greatly elevate gold's role in the international monetary system (especially when considering that BRICS recently overtook the G7 in terms of global GDP and another dozen countries asked to join the group). Furthermore, such a move would likely trigger a new wave of currency wars between the West and East, critically challenging the U.S. dollar's dominance as the world's reserve currency. Perhaps the erosion of purchasing power in fiat currencies would not be immediate with the introduction of this new gold-backed currency. Yet, history is laden with instances where the re-emergence of sound money has displaced the use of fiat currencies, particularly those lacking tangible backing. The transition can be a gradual process, slowly but steadily reshaping the landscape of global finance. Therefore, it's imperative now more than ever to stay attuned to the shifts and tremors within the financial world and to brace for an unpredictable future. The historical link between currency wars and actual conflicts is a stark reminder that these economic maneuvers carry weight far beyond monetary value. Illustration 1.01 Illustration 1.01 displays the monthly chart of XAUUSD. The dashed white line indicates how much gold has grown in price since “Nixon’s shock.” Technical analysis Daily = Bullish (with signs of weakness) Weekly = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
6
$DXY -Middle Range Warzone (105vs100)- TVC:DXY seems to be wanting a break-out from Resistance Trendline coming from 114 Highs, despite failing to do so. A Resistance Trendline that has pushed the price lower each time price has approached it. Wether that break-out and resumption is bound to happen or not in the short term, it is yet to be seen. Currently, TVC:DXY is in the midst of a Middle Range War-Zone, struggling for direction. For now, Price-Action suggest a Lower High being printed at 104.5 , a Lower High from 114 Downtrend. By Breaking Structure(BoS) of the most recent Lower High (LH) 104.5 would validate the Trendline break-out and suggest furthermore uptrend continuation for TVC:DXY , headed for the the Range's Ceiling at 105.8 and testing the broken macro structure Support Trendline Move towards 105.8 range's ceiling would be quite bearish for overall Financial Market's condition. While a move to the range's bottom at 100 level would be quite promising for other Market Sectors to continue performing well. Very interesting week ahead for The Markets, especially TVC:DXY , which dictates Financial Markets Swings *** TRADE SAFE NOTE that this is not Financial Advice . Please do your own Research before partaking on any Trading Activities based solely on this Idea.
TVC:DXY
by Mr_J__fx
XAUUSD - KOG REPORT - FOMCFOMC – KOG Report: This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. On Sunday’s KOG Report we said the report would only be applicable for the first half of the week due to FOMC today. We did well with this so will stick with some of the levels from the report for today. We’re going to keep this FOMC Report short this time as we’re not likely to be trading again until tomorrow. For those who are keen to get involved, we’ve highlighted the key levels to look for a reaction in price. The daily is showing a potential swing where a bullish move here can take it up towards testing the 2000 level and slightly above. For that reason, we’ve given the level on the break up towards 2005-8 with the initial hurdle being the 1980-85 level. On the flip, 1975-80 is another level to keep an eye on. We’re not publishing the daily bias today, but this was yesterdays bearish below level with a rejection around here potentially leading to price first attacking the 1945 region and below the 1930-35 order region which was our initial target for the short trades. Illustrated on the chart is the potential path, obviously with the swings, spikes and volatility expected please take it as a guide. We’ll only be looking for extreme levels in Camelot and that, as we said above is probably going to be in the sessions ahead. If you’re new to trading, the trade will come after the event. Please try not to get involved in the pre-event price action, it’s going to chop you in the range before they make the move. Best practice is to come back to the markets tomorrow and look for a clean set up. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
GOLD - PVVM Scores Confirm Bullish Trend!Analysis: It appears that the Macro PVVM score for GOLD has been gradually increasing, moving from -106.27 (10/07) to 29.52 (27/07). This suggests that the long-term trend for GOLD is increasingly bullish. The Micro PVVM score has been displaying a similar trend, generally increasing from -4.8 to 54.76 over the same period, indicating that the short-term momentum is also bullish. The closing price of gold has been following an upward trend aligning with the increasing PVVM scores. This is an indication of the positive correlation between the PVVM scores and the closing price. Key Takeaways: The upward trend in Macro and Micro PVVM scores suggests that the bullish momentum for gold is strong, both in the short-term and long-term. Traders should consider long positions. Entry points could be found during temporary pullbacks in the Micro PVVM, provided the Macro PVVM remains positive or stable. Watch Points: 1. Be cautious of divergence between price and PVVM indicators. If the price starts decreasing while the PVVM scores remain high, it could indicate a bearish reversal. 4. If the Micro PVVM begins to decrease while the Macro PVVM remains high, it may be an indication of short-term bearish movement in a generally bullish market, signaling a potentially favorable entry point for long positions.
TVC:GOLDLong
by SwingSwiss
#Gold Longer-termAs the short-term picture becomes clearer, I'm revising the view for the next six months (first published on May 27). The image below is based on the assumption of a larger rising wedge, which is dictated by the complexity of the moves observed since 2019, and specifically by what occurred in 2022-2023, which appears to be subwaves of WXY (double zigzags), which usually form 12345 waves of expanding or contracting diagonals. I will reiterate that while the multi-year trend is up, I still see the next 6-8 months as extremely challenging for stocks, energy and precious metals.
OANDA:XAUUSD
by Fomenka
4