AUMN - The Best 3-Year Setup I've Ever SeenIMO, Golden Minerals, AUMN , has arguably one of the best and most bullish setups I have ever come across. It will be fun watching this one play out. Amazing risk/reward play with easy invalidation levels as well to protect yourself in this trade.
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Preciousmetals
XAUUSD H4 Potential For Bullish Bounce | 22nd April 2022Price is near to the key pivot . We can expect the price to potentially bounce from the buy entry level of 1941.577 in line with 50% fibonacci retracement and 78.6% fibonacci projection towards the take profit level of 1974.791 which is in line with 61.8% fibonacci retracement and also a previous horizontal swing high resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAGUSD H4 Potential for Bearish Continuation | 21st April 2022Price is near to the key pivot level and it is showing bearish pressure. We can expect price to potentially dip from sell entry of 25.07892 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection towards the take profit level of 24.43624 in line with 78.6% Fibonacci retracement . Otherwise, it might break the key pivot level and rise towards the stop loss level of 25.30681
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Gold losing it's bullish aggresionXAUUSD main areas of interest are at 2074(supply zone) and 1674(demand zone) above or below this points proves a longer term bias. Currently bulls still at play.
$GFI Goldfields Bull flag breakText book bull flag break (almost too perfect) with a 290 upside target.
Gold Bullish Trend Confirmed - Target $2133For all you Gold Bugs. Follow my research.
Gold is going to rally to $2133 in fairly short order. Silver should follow along.
Once Gold gets above previous highs, watch for the hype to really pick up speed as traders realize the upside potential.
The inflation levels in commodities and other assets will raise risks related to consumer and other credit/debt risks (and possible defaults) once the Fed starts raising aggressively. If you don't understand the bigger market cycles, you are going to miss this incredible rally in precious metals.
This is just starting to gain momentum. Here we go. $2133, then higher.
XAUUSD Potential Bearish Reversal |13th April 2022We expect a potential bearish reversal from our sell entry level of 1973.130 in line with -61.8% Fibonacci expansion , 100% Fibonacci projection and 127.2% Fibonacci extension towards the take profit level of 1890.315 in line with 78.6% Fibonacci projection . Our bearish bias is supported by stochastic indicator where price is trading near to the support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
The Gold Odyssey continues as old is still GoldOn 20 Feb 2022, Gold was reviewed as " The Gold Odyssey continues... an old but Gold story "
It was almost two months ago that was described the handle (of the giant sized Cup & Handle) would be completed this year. Since then, we had a preview with Gold spiking to 2078, only to pull back hard. This shook weak hands badly, having retraced to hard over a week. As I told my circle about gold last week, many asked if Gold is actually not going down. And yesterday's long upper tailed doji might have misled more to think so too.
We need to see the big picture for this.
The weekly chart is suggesting that this week is critical to see a bullish run start. This just so happens to be in the 4 April and 16 April window marked out since February.
Furthermore, the daily technicals look about ripe to launch off a bull run, and it should be above 1980 by the end of the week for a clear bullish break out.
Having done that, 2100 would be the target by mid-2022.
PS. I do not like the reasons for this bull run as, in alignment to the markets declining, something is about to happen that we do not see yet... not in the papers at least.
Stay safe...
Gold - XAUUSD shows more resilience than initially expectedOver the past four months, gold has shown strong resilience. Despite the U.S. interest hike, gold failed to drop substantially. Instead, it moved close to its all-time high value; however, it halted its rise at 2075.63 USD. After that, gold fell below 1900 USD. Although, this drop did not last long, and gold retreated to the 1950 USD price tag a few days later. We remain bullish on XAUUSD, and our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active.
Technical analysis - daily time frame
RSI and MACD are neutral. Stochastic stays bullish, and the same applies to DM+ and DM-. ADX declines, suggesting no significant trend is present. Overall, the daily time frame is neutral.
Technical analysis - weekly time frame
RSI and Stochastic are neutral. MACD remains bullish. DM+ and DM- are bullish too. ADX continues to increase, which suggests the trend of higher degree is bullish. Overall, the weekly time frame is bullish.
Illustration 1.01
The picture above shows additional support/resistance levels.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin/Silver ratio looking bearishMany market analysts are saying that the crypto world is holding on the precious metal word. If you look at the ratio of Bitcoin/Silver, it seems due for another leg down that could bring the ratio back to the 500 area (ex: $20 000 Bitcoin/$40 Silver or $40 000/$80 ?).
I like Bitcoin and cryptos in general but I believe that the time has arrived for silver (and gold) to shine a bit.
GOLD Rallying - Elliott wave analysisHi Elliotticians, gold can be trading in a five-wave, bullish impulse, now ideally unfolding a wave (V) of a higher degree, up from 1783 lvl. That said, sharp impulsive activity from the mentioned level is a confirmation that wave (V) is unraveling. Possible resistance and reversal zone for wave (V) can be around the Fib. ratio of 0.382 and 0.618, and near the 2260 level, from where a minimum three-wave reversal can show up.
Trade well.
XAUUSD 1H - LevelsQuick end of day update from KOG.
If you look on the 1H chart you can see the triangle formed and we're wedging towards the end, however, there is also a H&S in play with the neckline acting as support. All MA's on the hourly have converged ready for a breakout, so we have two patterns, one saying sell, one suggesting long!
We have an Excalibur target above here which is around 1960 which also falls in-line with what the triangle is suggesting if it breaks to the upside! This H&S is concerning though, if the neckline breaks to the downside and we see it act as resistance this can drop down towards that lower support to fill the void! With Quad Witching today this is going to be a very difficult trade to get into unless you have a huge SL! We're drawing towards the end of the day and week so will just stay out of this now, we don't want to be stuck in any trades over the weekend with everything else that is going on in the markets.
Support: 1931 / 1920 / 1910 / 1895
Resistance: 1940 / 1944 / 1955 / 1963
We'll be back on Sunday with the KOG Report.
As always, trade safe. Wishing you all a great weekend.
KOG
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Vox Royalty - Genesis Minerals LtdKookynie (Pre-Feasibility) - Exceptional Drilling Results at Puzzle North Discovery
Vox holds a A$1/t production royalty on part of the Kookynie gold project(2);
On February 3, 2022, Genesis announced:
Outstanding new results from reverse circulation ("RC") drilling across multiple areas, confirming potential to expand the mineral resource at the Ulysses Gold Project near Leonora in Western Australia;
Broad, high-grade zones of gold mineralisation intersected from shallow depths in RC drilling at the Puzzle North Discovery, including:
21USRC1186: 27m @ 8.18g/t Au from 30m;
21USRC1190: 34m @ 13.36 Au from 42m, including 1m @ 382.6g/t Au from 68m; and
21USRC1192: 29m @ 2.91g/t Au from 52m;
Drilling at Puzzle North has now defined mineralisation over 600m of strike and up to 100m width, with the mineralisation remaining open both at depth and along strike;
Mineralisation at the southern end of the Puzzle pit extended over 200m south with results including:
21USRC1114: 11m @ 2.20g/t Au from 82m;
21USRC1119: 4m @ 9.07g/t Au from 92m;
21USRC1123: 5m @ 5.98g/t Au from 79m; and
21USRC1127: 47m @ 1.07g/t Au from 95m;
A large drilling program is currently being planned for the Puzzle North to Puzzle corridor.
Vox Management Summary: This exciting gold exploration royalty that Vox acquired for less than A$150k in 2020 is being rapidly drilled to include the royalty-linked Puzzle North discovery in an expanded feasibility study at the Ulysses gold project. The potential development timeline for this project from exploration to development continues to exceed Vox management expectations.
Gold Local Top, Looking for re-entry targets on the pullbackGold has made one hell of a run and I think the demand has been spent for the short term. I'm looking for a retrace down to the 50%-78.6% fib levels (the green box). If we get that retrace and a buy signal, I will increase my long term precious metals position to 20% of my portfolio. Right now I'm at a 10% position.
I'd expect a pullback down into the mid-March timeframe, then I'll add to my positions.
Silver double bottom nearing a confirmation breakoutXAG is looking solid. I've been accumulating the SLV ETF as well as FSM, SVM, and PASS since December. The weekly candle for December 13th was the proof in the pudding for me. Seller exhaustion on both the MACD and RSI with confirmed classic bearish divergence.
Now XAG is approaching a confirmation of that double bottom. If XAG breaks the $26 neckline to confirm the double bottom, we'll probably see a $30 price a few weeks later. The way I see it, any pullback would be a gift if you're not allocated to SLV or silver miners. If Gold continues to push precious metals higher, I think silver will outperform gold by 50-100% during the next 6-18 months. And I still think we'll see a $2,700 Gold price within 2 years (by the end of 2024). So, that could mean a $50-$100 silver target. We'll see the closer we get there.
Precious metals and miners are looking primed for a solid run the next couple years.
GOLD Bull Flag, Breakout Pull Back Set up Daily ChartStop Loss Below 1785
Partial Limit Order Profits 2261
Can take the whole position off at 2500 if we get there.
Goldman Sachs last week raised its forecast for the gold price to $2,500 over the next six months, up from $2,050 previously. Goldman said it expected to see demand for gold increase this year from ETF investors, consumers in Asia and central banks.
$PL1! Platinum Futures. Looking for a new positionWill be looking for some strength to open a long position. If expected strength does not materialise, then this trade is off. Watching.
$GLD Newgold ETF Bull flag breakNewgold target is 290, although from experience I know that precious metals rips can be vicious and overextend targets by considerable margins at times.
Wheaton Precious Metals (NYSE: $WPM) Could 👀 Multi-Year UptrendWheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
Bull Flag Gold Monthly ChartA very rare opportunity to take a great trade in Gold on the monthly chart.
Bull flag patterns are my favourite and usually lead to a second leg higher.
Silver Double Bottom Monthly ChartWith Gold breaking out of a monthly triangle, silver usually follows.
With a stop loss below 20, we could see a potential 3-1 return opportunity if not more.
