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Preciousmetals

Palladium: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Palladium. The chart is self-explanatory. Palladium Price has been moving up a Rising Channel recently but the overall trend looks like a Bearish Divergence. Since the RSI was recently supported by a support line, the price has the chance to keep moving higher, however if the price breaks down from the Rising channel, it may come down to the 0.618 Fibonacci Retracement level where the measured move is as well as that area being a strong Support and Resistance zone. If price moves up from the rising channel, expect it to be met with resistance at the multi-year resistance line. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:PALLADIUM
by MillionaireEconomics
1
Silvercorp Metals (NYSE: $SVM) Looking LikSilvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
AMEX:SVMLong
by DEXWireNews
Platinum: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Platinum. The chart is self-explanatory. Platinum price made multiple attempts to get back above the 0.618 Fibonacci Retracement level but was rejected and now headed back down. Platinum price may be supported by the Multi-month support line. If it fails there then expect price to head to the 0.382 Fibonacci Retracement area. RSI just broke below a multi-month S/R line, which is not a good sign. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:PLATINUM
by MillionaireEconomics
1
Silver: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong support zone if price keeps falling. If Silver price moves upwards, keep an eye on the 0.50 Fibonacci Retracement level where there is strong resistance. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:SILVER
by MillionaireEconomics
6
GOLD: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold. The chart is self-explanatory. Gold price may come back down to re-test the top of the Descending Broadening Wedge Pattern. If price gets rejected when coming down, expect to see the 0.382 Fibonacci Retracement level to touch which is in line with the Multi-year Support Trend Line. RSI is near overbought on the daily chart so be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:GOLD
by MillionaireEconomics
3
Vox support holds, assets will support through 2022C$3.66 is a weekly support level that has been tested and proven to be a solid base to build on. Looking left along the chart there is very little imbalance within the price action to backfill unless of course, we go lower. With their focus on acquiring third-party royalties mainly within the precious metals (80%), they are delivering growth and returns on the invested capital and have executed 25 separate transactions since 2019. Invested capital so far is C$32M and now they have around C$140M total equity value. In 2021 they had 5 producing assets in the next year or so we should be seeing that number more than double. There are currently 17 royalties in the development stage and 33 in exploration.
V
by TH_Analysis
$PAXG/BTC 12h (#BinanceSpot) Ascending channel on supportPaxos Gold is pulling back and retesting 100EMA where it is likely to bounce and continue bullish, let's hedge crypto! If you know how to Margin trade, you can use up to 2x for that set-up Current Price= 0.04565 Buy Entry= 0.04553 - 0.04381 Take Profit= 0.05023 | 0.05473 | 0.05972 Stop Loss= 0.04096 Risk/Reward= 1:1.5 | 1:2.71 | 1:4.03 Expected Profit= +12.45% | +22.52% | +33.63% Possible Loss= -8.31% Fib. Retracement= 0.5 | 0.883 | 1.272 Margin Leverage= 1x | 2x Estimated Gain-time= 5 weeks Tags: #PAXG #PAXGBTC #PaxGold #Paxos #Gold #XAU #PreciousMetal Website: paxos.com Contracts: #ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78 #BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7 #BEP2 PAXG-9B2
Long
by TradingOn
Silver Back To $30 As Russia's Ukraine war begins, the precious metals Gold and Silver are seeing bullish order flow. The Gold chart is on a tear, and Silver is not so far behind. The first higher time frame (HTF)  price objective on silver $30. My first BTC price objective was met; however, I am still waiting for my remaining targets to be met. I paper trading the BTC move from 43,542.00 and covered/exited 80% at 35,480.52. The remaining 20% is incase the market crash :) I'd like to be apart of that... I wish this was a live position but soon soon. My paper trade risk was $1300 & I covered 80% at 8,000 K +  My first Solana price target was met but I did not paper trade that as I'd prefer to stick to BTC for learning purposes when it comes to trading crypto.
FOREXCOM:XAGUSDLong
by KnowledgeAndProfits
This is the movement I want to see before trading XAUUSDXAUUSD is one of my favorite assets to trade alongside S&P500, Crude oil, and BTC. I'm interested in the current zone because we are on the upper level of the range where the price has been moving since May 2021. It's from this type of situation where we tend to observe reversal movements or breakouts of the level for further bullish movements. The filters I'm working on are for bullish continuations, which I want to see before trading . a) Clear breakout of the current resistance level b) After that, I want to see a 14 days correction, as you can see on the circle. c) IF that happens, I will trade (maybe on a new local high) towards the next resistance level (previous all-time high); the expected risk to reward ratio of a setup like this can be around 2 to 2.5. Now, I will wait for the price to fulfill my filters, and if that happens, I will trade. If that doesn't happen, I will stay on the sidelines. Thanks for reading! Feel free to share your view and chars in the comments.
OANDA:XAUUSD
by ThinkingAntsOk
4
Silver lags for now, wait for it...dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance is also about to cross into the bullish zone. Lagging Gold, but can turn up fast, like previously. The Monthly chart shows a pennent/flag pattern with the long term target of about 41.20 in mid-2023. Noted that the retracement since the Aug 2020 top did not reach the 55EMA as a support, which can be viewed as a bullish bias indication. Not yet ripe, but when it runs, it should run fast with much potential, IMHO...
COMEX:SI1!
by Auguraltrader
1
The Gold Odyssey continues... an old but Gold storyBack in 2019, April 29th was the date that Donald Trump tweeted his launch of a trade war with China. This was significant because this was the first time ever, ANY politician took to social media directly to make announcements. Furthermore, it threw markets into a swirl that took a couple of weeks to work out what it wanted. Gold was the first to recover and move in early May 2019. This was a time when I started looking particularly close at Gold charts, having tracking it since October 2018 on a friend's query. The ride paid off and exited >90% Gold related holdings on 11 August 2020; after taking some off just as the pandemic started in Feb 2020 and repositioning in mid-June 2020. Since then, as Gold prices hit 2K, I often got questions about would Gold prices go further, people were piling into Gold positions as media fanned the Gold rush. I kept telling those who asked that I exited, and yes, Gold will reach back to 2K and more, but it can take years. Today, those years seemed to have passed. You see... in the bigger perspective of things, ie. the Monthly chart, there was a Cup forming midway, and when D Trump started tweeting about the trade war, he triggered the closing formation of the Cup. That ended with a blow off top at almost 2100... almost. Since then, the handle was forming... throughout the latter part of the pandemic to date, Gold was ranging in a wide band to form the Handle. Again, I wondered what would trigger the closing formation of the Handle... For those who are (not) familiar... this is the formation of a Cup & Handle Pattern; and one of a very large scale of years. This means to me that the pattern should be more reliable, more explosive (relative to Gold), and takes time to position while having to monitor over months being patient. It appears that last week's Russia-Ukraine stand-off, with Biden (current POTUS) drumming the war beats spurred Gold into an awakening. The weekly Gold chart on the left shows the point where I started tracking closely (and positioned) since 2019. Very nice breakout patterns formed since then until August 2020. The vertical timelines are projected dates btw... So, we can see that Gold clearly broke out last week, and with a nice Gap Up, ending the week with a beautiful bullish candle. MACD supporting the breakout and this came after bouncing off the Gann Fan support line (white up trend support line) that has been in play since 2019. Time line projections put a retest over the next 5 weeks into April, before a potential launch point. Now, I will leave it to you for further discussions what this might mean for global events... because, the next flight up to 2100 is fast and furious into end-June. The Monthly chart of Gold (on the right) shows the Cup & Handle Pattern, albeit not completed yet. Projections from completion of the C&H pattern puts a 2500 target within the year, and 3100 target some time 2024 and 2025. The MACD is turning bullish again after receding to baseline, and this bullish cross in the next couple of months can push Gold prices to projected target. A similar technical occurrence like this happened in Jan-May 2019, so it is not impossible there. Again, what global events would push Gold this high... remains a good discussion topic. Now... I can understand and accept that there are many other perspective and opinions about Gold. BAck in 2019, when I spoke of increasing volatility in markets, and rising inflation, and Gold prices targeting 2K, very few took notice, let alone believed it possible. So far, over the last (almost) 3 years, Gold prices have played out as projected; even within a 2 week period of topping out $100 excess off target. Perhaps it is time we relook and revisit Gold... for what value it is worth in weight (not digital, you see... pun intended). Enjoy! See you all along the way and perhaps in 2025. :)
COMEX:GC1!Long
by Auguraltrader
6
XAUUSD UpdateAnother week another post that the gold is short despite it is melting up on a Russian-Ukraine war hype. Yes, the triangle scenario is getting extremely challenged. I even allow a scenario where the triangle is broken and I have to relabel it in some other bearish way. Tradingwise, I am very close to the point where I give up with my shorts to step outside and watch whatever happens next be it a melt up or forming the local top which will allow me to re-enter. If it melts up - perhaps I will miss that move. I will elaborate more using my blog / website referring to Silver charts for confirmation.
OANDA:XAUUSD
by Fomenka
Vox Royalty finds weekly supportI am going to assume that the price of gold is supported around the $1800 for the rest of 2022. If that level were to break, and a bear market ensued, precious metals miners, #GDX, etc. would come under pressure and the current rising tide that is lifting all boats would recede and companies like Vox Royalty Corp may come under pressure becue of sentiment. Fundamentally, the Vox Royalty story goes from strength to strength and this coming earnings report should highlight the accretive nature of the current producing royalties which will form a base for what happens in the rest of 2022 and then beyond. With all that said, I don't think we get back down to C$2.69, which is the previous support, imbalance. This week's low dipped into C$3.66 and was rejected, which to me shows that the support level is currently there with the volume confirming the price action. Looking left across the chart, there is no level of market structure to worry about, which means liquidity runs above C$4.00 is the path of least resistance.
V
by TH_Analysis
Gold - Bullish trend has resumedIn the recent past we suggested that the bullish breakout above 1835 USD resistance level would take place. We also noted that it would be followed by resumption of the uptrend. The bullish breakout occured and gold broke above 1850 USD and 1877.14 USD (important resistance levels). Currently, gold trades slightly below 1900 USD price tag which remains our short-term price target. We remain bullish on gold and we expect the bullish trend to continue. Indeed, we expect gold to hit a new all time high value in the current bullish cycle. Our view is supported by bullish technical indicators on daily, weekly and monthly time frames. Additionally, our view is supported by fundamental factors such as high inflation and low interest rates in the United States. We expect the FED to raise interest rates by 25 basis points next month; and we view it as a substantial threat to the global economy. Because of that we would like to set the medium-term price target for XAUUSD to 1925 USD (this price target will change to short-term once 1900 USD is taken out). Illustration 1.01 Illustration above shows the weekly chart of XAUUSD. The rectangle pattern spreads between 1750.740 USD and 1834.195 USD. The picture also depicts volume below the candle chart. Extreme increase in volume coincides with the bullish breakout above 1835 USD resistance level. Such a high volume was unseen since June 2013. Technical analysis - daily time frame RSI is due to perform crossover above 70 points which is very bullish. We expect this phenomenon to be accompanied by further rise in the price of gold. MACD and Stochastic are also bullish. In addition to that, DM+ and DM- show bullish conditions in the market. ADX continues to increase which suggests the bullish trend is gaining strength. Overall, the daily time frame is very bullish. Illustration 1.02 Picture above shows the daily chart of XAUUSD. It also shows the difference between previous bullish breakouts and the most recent one. Spike in volume is clearly observable on the most recent bullish breakout above 1835 USD. Technical analysis - weekly time frame RSI, MACD and Stochastic are bullish. Additionally, DM+ and DM- show bullish conditions in the market. ADX started to increase which suggests the bullish trend is gaining strength, similarly like on the daily time frame. Overall, the weekly time frame is bullish. Support and resistance Short-term support sits at 1877.14 USD. Support 1 lies at 1834.195 USD and Support 2 at 1750.74 USD. Major support level can be found at 1676.866 USD while major resistance level sits at 2075.28 USD. Short-term resistance appears at 1916.615 USD and Resistance 1 is at 1965.572 USD. Please feel free to express your own 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. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
2
Gold - Does bullish breakout mark the beginning of an uptrend?Gold broke above the key technical level at 1835 USD. Furthermore, it moved above 1850 USD and then reached a high of 1871 USD. Overall, these developments are very bullish; indeed, they may possibly mark the beginning of a bullish trend in gold. We are currently very bullish on gold and because of that we would like to set short-term price target for XAUUSD to 1875 USD and medium-term price target to 1900 USD. Technical analysis - daily time frame RSI is bullish. MACD and Stochastic are also bullish. DM+ and DM+ show bullish conditions in the market as well. ADX started to increase which suggests the bullish trend has resumed. Overall, the daily time frame is very bullish. Illustration 1.01 Picture above shows the daily chart of XAUUSD. It also shows the most recent bullish breakout above 1835 USD. Technical analysis - weekly time frame RSI is neutral while MACD and Stochastic are bullish. DM+ and DM- are bullish too. ADX remains low. Overall, the weekly time frame is bullish. Support and resistance Closest resistance sits at 1877.14 USD. Resistance 1 is at 1916.615 USD and Resistance 1 at 1965.572 USD. Major resistance lies at 2075.282 USD while major support sits at 1677.686 USD. Support 1 can be found at 1750.740 USD and short-term support at 1834.195 USD. Please feel free to express your own 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. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
2
AUY's Inevitable Path to $7Is it finally time to be bullish on gold and silver mining stocks? A lot of indicators are pointing to YES. There will certainly be pullbacks along the way, but with interest rates rising and war tensions overseas, precious metal stocks are beginning to gain a lot of interest. NYSE:AUY will be the perfect example of that. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
ALong
by jstrasburger
1
GDX LONG, MASSIVE MONTHLY BULL FLAG = Target $58.40This is a MASSIVE Monthly BULL FLAG (Blue). After breaking down this massive trend channel GDX has recovered and is now breaking back into the huge UPTREND Price channel while MACD is remaining above ZERO. I realize the month is not over yet but when you are struggling to find places to put your money when the stock market is retracing this would be my next trade. Also with the Gold chart looking better each day and that GLD Trade I posted going so well this would be the place to add to that exposure with more upside potential. Long at OPEN tomorrow. Target = height of the flag pole putting us at $58.40
AMEX:GDXLong
by eganon69
LTHM Falling Wedge Breakout to $30!Hey Traders,' As you can see on the 1D chart of LTHM, we have experienced lower lows and higher lows, symptoms of a falling wedge. The target out of this falling wedge would be $30-31. However, I would keep a close eye on the golden pocket level and potentially start taking profits at $28. The weekly MACD is also showing signs of reversal to the green area. We additionally have a Bullish Divergence to top this off, the price is descending while the momentum oscillator (RSI) is ascending! In the very rare case we breakdown the target would be $13-15. Safe trading, -Pulkanator
LLong
by Pulkanatir
3