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Preciousmetals

Gold will stall/revert to near $1708 before moving higherI know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk. The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for. But, the move upward from these levels is going to be staggered/legged by bullish and bearish price waves - just like price always advances or declines. The peak for this current move is very near the current highs ($1780). I'm here to tell you I expect Gold to retrace to levels near $1705~1709 where it will establish a base for the next advancing price trend (targeting $1920~1935). Get ready. Everything I've been sharing with you over the past 2+ years related to broad market cycles is taking place. The US Fed has inadvertently trapped foreign markets and speculative cryptos in a blackhole that may pull many into oblivion. I believe this inadvertent move will result in a "new normal" that may reflect a massive debt destruction phase. Right now, it is too early to tell how this will all play out. But I do believe Gold/Silver are the global base of REAL VALUE going forward (as they have always been). Follow my research.
COMEX:GC1!Long
by BradMatheny
Gold - Short paper gold, long physical metalTwo weeks after our last update, we still remain bearish on gold in the short term and expect it to hit 1 600 USD. Our view is based on a combination of fundamental factors like high-interest rates, strong U.S. dollar, and more economic tightening in the foreseeable future. Despite that, we remain bullish on gold in the long term and believe it will provide a great buying opportunity in the coming months. With that being said, we are long physical metal and short paper gold. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD and the sloping resistance connecting March 2022 high and April 2022 peak. Yellow arrows indicate bullish breakouts above the resistance and subsequent invalidations. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish. 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:XAUUSDShort
by Tradersweekly
22
Gold starting to shine!Gold based recently at major support and tested the 1615 area 3 times. This only served to reinforce the support (55-month ma, long term channel mid-point, 50% retracement) - see my video from October 17th We have over the last few days severed the downtrend that extends back to March. Attention is on the early October high at 1702 - a close above here will complete a triple base and offer a minimum upside measured target to 1782. Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XAUUSDLong
by The_STA
Metals to Break its All Time High AgainMetals to Break its All Time High. I have discussed about Gold before and in this tutorial we will study into Copper. From last week Fed chairman statement, he said “it is premature to be talking about pausing our rate hike. We have a ways to go." The continuous inflation is almost a certainty into next year, and what asset or instrument works well with inflation? Content: Why interest in copper again • Fundamental • Technical 5 Major Copper Uses: • Building Construction • Electronic Products • Transportation • Industrial Machinery & Equipment • Medical Copper Consumption Worldwide: 1. China 54% 2. Europe 15% 3. Other Asia 14% 4. America 11% 5. Other 6% Source: Statista 2021 Minimum fluctuation 0.0005 per pound = $12.50 0.001 = $25 0.01 = $250 0.1 = $2,500 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. 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
COMEX:HG1!
by konhow
2
Can Gold complete the breakout with a new leg high? Hi, and welcome to Tuesday's update. Today's focus is on Gold as price continues to trade with inside bars after last Friday's 3% jump. US employment data fueled the rally, and this data sent the USD packing. We're looking for Friday's breakout to complete, but we need to see buyers come back into the market with another firm move higher to show us that Friday's price action is set to continue. Last Friday's close has so far done what required breaking to levels of resistance after re-holding 1626 support. We don't want to see a new close back below 1650, as this could be a sign that buyer momentum was only short-term. We would like to see a new break above 1681.50 or a new higher low above 1665 to continue the idea buyers remain in control. We still feel the USD will play a key role in whether this move continues or not. Keep an eye on this week's US CPI data, which will be released Friday morning at 12:30 am AEDT. Have a great Tuesday and good trading.
EIGHTCAP:XAUUSDLong
by Eightcap
Gold could skyrocket higher in NovemberGold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety. Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move. As traders suddenly realize the undervalued metals prices have not adjusted to the global risk factors associate with a US 5% FFR (creating global economic concerns), I believe precious metals may move sharply higher (very quickly). The Fed is on a mission and may prompt a massive global contraction as excesses and risks continue to elevate. Just like in 2004~08, precious metals drifted higher until the crisis event in 2008-09. Then, after a brief contraction, metals skyrocketed more than 85% higher over 2.5 years. We may be at the start of a 150% rally in gold (or more). Stay tuned. Follow my research
COMEX:GC1!Long
by BradMatheny