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Preciousmetals

Are Precious Metals Finally Reacting To Fed Fear?Myself, like many others, continue to believe Precious Metals (#gold & #silver) are about to enter a very explosive price phase. The past 12+ months have seen Gold rally after COVID, then enter an extended decline phase as the speculative bubble distracted everyone from core value. Now that the Fed and GCBs are dancing around rate increases, higher inflation, and consumer demands, will Precious Metals shift direction and start a new up trend? Time will tell, but this recent Double-Bottom in Gold certainly looks promising. I'm still cautiously optimistic the past 10+ years of extremely easy money policies will setup a huge rally phase in Metals. Near Dec 2019, my main cycle system moved into a Depreciation cycle phase. That means we have until 2029+ for this cycle to continue to unwind. Remember that is still 6~7+ years from now. The unwinding phase will be very similar to the 2000~2009 Depreciation phase - sideways trends with extreme volatility. I expect a slow melt upward over the next 3+ years, eventually extending into a parabolic upward price trend (increasing in speed and volatility as we near 2028~29). This recent BASE ($1690) will probably turn into a very strong decades-long base/support. We've never been anywhere close to what is happening in the US/Global markets before. But I'm here to tell you the real fun start after 2026~27. Until then, the global markets are shifting in structure, attempting to find support - just like what happened near 1997~2001. Get ready for another 5+ years of big volatility and trends. Follow my research. Don't miss these huge trends.
COMEX:GC1!Long
by BradMatheny
Gold - No decoupling from the stock market yet On 20th September 2022, we stated that the Fed's pursuit of a tighter economy would continue to weigh on the gold price. After the rate hike, the price marked a new low simultaneously with the stock market. Then, the market rebounded, and in early October 2022, we said that we were growing increasingly anxious regarding the sustainability of the move. In addition to that, we pointed out a high correlation between the stock market and precious metals, which still continues to threaten gold's prosperity. Because of that, we stay bearish on gold in the short term and expect it to hit 1 600 USD, as we outlined exactly a month ago. Our views are based mainly on fundamental factors, which play into cards for the U.S. dollar, weakening gold's position. However, we also consider other macroeconomic and technical factors described in our other articles. Despite our grim short-term outlook for gold, we are very optimistic about its bright future. Indeed, we continue to wait for better prices to buy more of the physical metal while shorting paper gold. On the endnote, we voice a word of caution to investors over the upcoming FOMC meeting; we will provide more thoughts on this asset soon. Illustration 1.01 The picture above shows the daily chart of XAUUSD. The breakout below the short-term support will bolster the bearish case in the short term. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+ and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 displays the daily chart of XAUUSD and simple support/resistance levels. 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
26
XAUUSD Bullish retracement for MN timeframeHi traders, After a successfull sell off ollowing a sccessful bearish wave we see the XAUUSD/ Gold commoditity pull back on the resistence of our monthle bearish channel. We will now call it our support. The pullback will lead us back to the neckline of our double bottom which was from to complete it. Once completed, we anticipate a massive sell off to the crashing XAUUSD commodity. The second option is that it violated the double top, in this case, we will wait for a tripple top to form and catch it after three confirmations. #Preciousmetals #XAUUSD #Goldcrash
OANDA:XAUUSDLong
by Mezzoforte_Privilege