$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences:
- Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3
- Price action is close to an Interest Zone and is also at the 200MA
Fundamental Confluences:
- SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story.
- Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well
- Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both
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AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see.
In the meantime, 1st allocation into $SVM.
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Preciousmetals
Gold seems going higher if 2420 area holds...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Traction should be to the upside to form higher highs.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GOLD Plan Your Trade 7-31 - Gold Reaches Upper Flag ChannelPrepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again.
The next upper target area is $2560++.
Watch this video and consider what I see as a structural Flag formation.
Gold will continue to attempt to move higher - but it will do so in structural price waves.
If you are holding any open long positions, be prepared to protect those positions as I see Gold flagging sideways (attempting to contract downward) in about 2~3 days.
The current upward price move appears to be over.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Silver (XAGUSD) how to construct a trade:Medium bullish take:
OANDA:XAGUSD is trading around the $30 price level for the first time in years. Is there a trade here? Could we see $40 by EOY? Let’s draw some charts:
We're trading in a Bullflag at the $30 level
Triple top, we're not quite ready to hold above the level
Find nearby price targets
Establish long term support lines
Use momentum indicators and price action to draw a reasonable path which engages the price structures you've established.
So according to our charts, we should expect a bounce above $27 Be mindful, there are exogenous events that push the price around. Shifts in the macro landscape will impact the path price takes.
For details, I've included a fun GIF, animating the construction of this chart. Check out my twitter for more!
NOTE: Original idea posted 7/23
Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants.
Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility.
Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors.
Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
A Recession Is Coming - Brace for Impact First things first
What is a Recession?
A recession is a period when the economy isn't doing well. It means businesses are selling less, people are losing jobs or not getting raises, and overall, there's less money being spent. It's like a slowdown in the economy where things are not growing, and sometimes they shrink. This period of economic decline usually lasts for a few months or longer. Usually, when we have two consecutive quarters of negative Gross Domestic Product (GDP) we say that we are in a recession.
Now, let's look at previous recessions to see if we can find some patterns that help us predict the coming one. 😊
This is how you can navigate through the chart:
- past recessions are highlighted with orange colored boxes based on the data from "FRED economic data".
- The purple line chart shows the US inflation rate.
- The US GDP is shown in a green step-line chart.
- The US interest rate is shown with an orange line.
- The Yellow line chart shows the unemployment rate in the US.
- The most important line chart here is the blue one that shows the spread between the 10-year bond yield and the 3-month bond yield (Yes we could also use 2-year instead of 3-month).
This blue line, the yield curve, is important to us because it's a reliable indicator that almost every time gave us a heads up for a recession (if you were looking at it of course 😁). When it falls below zero, we call it the inverted yield curve and we hit a recession almost every time it gets back up after spending some time below zero.
An inverted yield curve tells us that the market participants are concerned about future economic growth It can lead to tighter financial conditions, reduced lending, and lower consumer and business spending, which can contribute to a downturn in the economy.
With that said, take a look at the chart and you can easily spot the repetitive pattern of interest rate hikes/cuts, unemployment rate, and the inverted yield curve just before each recession.
With the strong possibility of having the first rate cut in September, and the patterns you see on the chart, can you say that we are going to have a hard landing and a recession? I would say yes.
If you say we are not going into a recession and your counter argument is backed by a low unemployment rate and a positive GDP and a declining inflation rate, this chart does not support the idea.
I know there are other factors that might support the soft landing scenario, and I would like to have your point of view on this. So, please share your thoughts in comments section if you are reading this post through Tradingview. 😊
For further research, you can pull up the charts of indices like S&P500 or commodities of your choice to see how they moved during each recession. This will help you find some patterns that might assist you in your future investments.
August-September 2024: Good Looks for New All Time HighIn my associated idea, I predicted that gold would reach $2600 by Christmas 2024. Despite a few small misreads along the way, that prediction looks very much on track to become true. As for what's the expectancy in the interim - I expect Gold to retest 2357, fall back into the pits of the low 2300 range and then to find support for a trip to $2500 by August-September.
Be not brr, nor bll. Just surf.
$DXY about to hit THE WALL?Love TVC:GOLD , stocks, real estate? Well I'm about to make your day.
TVC:DXY is strolling into historic resistance at 115. On the WEEKLY timeframe, we have two conjoining forces: A major resistance from the '85 high of 160 (in yellow), and a triple top high of 118 during the early '00s(in yellow). We're also riding the bottom support of 104 in our current rising channel.
Fundamentals: The Fed and US fiscal policy will face pressure to weaken the dollar to strengthen exports, boost GDP. This means inflation isn't going away and any rate cuts are going to be like tossing gasoline on a bonfire.
Dollar milkshake fans will be shocked to see flight to the dollar fading, as harder money like Gold plays a larger role in sovereign bank collateralizations, trade imbalances. The assumption that the US will remain the cleanest shirt in the dirty laundry may well flip by the end of the decade as multipolar alternatives become more attractive and the debt markets increasingly realize the US debt is beyond repayable (in today's dollars).
This is going to provide a tail-wind to all #antifiats, chief among them: GOLD, Bitcoin, and any stock with pricing power. I also see real-estate doing well as foreign US treasuries holders (like China, India, Japan) decide they'd rather bid up US homes, commercial property than earn a pretend yield on terrible debt instruments.
Big fan of the GOLD cup and handleI'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue, global debt issues, etc. but I think that's a good rest stop for this particular pattern.
As for stops, gold is the only currency to have stood the test of time therefor we don't stop out on dips, we buy mor.
Wheaton precious Metals can push on to $90It could be a HOT summer for the gold and silver bugs
And the speculators in the mining sector!
WPM ( formerly Silver Wheaton #SLW)
Has a broken out of a inverse head and shoulders
Two targets provided
Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.
Bullish on Gold and SilverHey everyone,
I'm back with another update on Silver and Gold 🤓
A month ago I showed you how Silver and Gold might react in June and their movement wasn't too far from my expectations. Both Gold and Silver followed their seasonality direction for June (a bearish move). Now as we passed a week of July, Silver and Gold price actions suggest that they are willing to follow their seasonality pattern in July as well; if so, we will see a nice rally higher towards the upside targets I highlighted on the chart.
What will give us the confidence to stay bullish? The market remains positive on the September rate cut. For example, if the CPI number comes lower or equal to expectations this week, it can strengthen the market sentiment on a 0.25% rate cut in September.
How about the price action? Well, it's a bit tricky here, but for Silver, I can say a daily candle close above $32 and for Gold above $2432, is a strong confirmation for them to hit higher prices. Watch out for corrections these days, as they can be surprising and might be fast and sharp. But don't worry until we call these down moves a "correction" 😊. As we are bullish for the long term we see corrections as a buying opportunity 😉
What's the target? In the coming months, maybe July and August (we cannot time the market), in case of getting the above-mentioned confirmations, Silver can hit $36.4 and Gold can see $2580 and higher. Additionally, a DXY daily close below 104 would be a cherry on top of the cake.
Gold Trading Sideways and Consolidating, RSI at 50 Gold is trading Sideway, but for how long?
Between $2280 and $2380, the longer this consolidates The better it is for Gold and the market is now accepting this price. Right now the RSI is at 50ish, so the price is neutral, but it will eventually break out one way or another.
Given this long consolidation period and the trend is still up, I suspect it will continue higher going into 2025 and beyond.
Central Banks are still net buyers and not selling... and the USD as the reserve currency will continue to come into question. Gold still has strong fundamentals for ownership.
THE KOG REPORTTHE KOG REPORT
In last week’s KOG Report we said we would be looking for more downside movement on Gold and gave the weekly bias level of 2335 with targets below 2310 and below that 2395. We also informed traders to watch out for the extension of the move into that 2340 which is where we ideally wanted to short the market for the bigger capture. We suggested early longs into the levels above, and once there we confirmed the move not only did we get the long trades, we got the opportunity to take that short trade all the way back down to complete the bias level targets. It’s at this lower level we suggested taking the early long back up, again netting a fantastic return, following Excalibur all the way to where we closed the month.
During the week, we also update traders on the intra-day movement highlighting the levels to look for RIPs and opportunities to capture the counter movement, which also worked extremely well completing a fantastic week for the free analysis, but a phenomenal week on Gold targets in Camelot.
Well done to our community and team for another great month of completed targets.
So, what can we expect in the week ahead?
We’ll start by saying it’s the first week of a month and quarter, so best practice would be letting the market settle for the new month, especially the first few days. We also have a lot of news this week which is guaranteed to drive the markets to extreme levels aggressively, coupled with choppy price action. New traders really should be sitting out with the attitude that cash in your account is a position in the market, a very strategic one!
Although we ended the month with a bullish daily, we’re not seeing any confirmed movement to complete the upside levels as yet! So, we’ll begin the week with caution and look at the immediate levels of support sitting around the 2313 and above that 2317 levels. If we begin the week with an attack on those levels and face strong support, it’s here we may get an opportunity to long back up into that 2330 -35 region with the extension of the move again the 2345-50 price point, which for this week is our bearish below level. This level above if targeted is important, as breaking above here will take us back up to target that 2270-75 region, which believe it or not, is still in this range! It is however these higher levels we want to be monitoring closely for signs of rejection, and if we get them we feel there is an opportunity to short again from higher up into the lower levels as suggested on the chart. We have our active targets and the prices we’re looking for but would suggest level to level trading for this week at least, with tight stops!
We’re going to keep it simple this week and say that’s the main move we’re looking for unless we break below 2316-20 and hold, in which case the plan completes before we get any more opportunities to add to shorts from higher again.
KOG’s Bias for the week:
Bearish below 2345-50 with targets below 2310 and below that 2290
Bullish on break of 2345 with targets above 2360 and above that 2370
We’ve added the key levels on the charts for you this week with the text, “Bearish below, Bullish above etc” which we hope will help you stay in the right direction and manage your trades.
As usual, we will update you with our plans and wish you a successful week ahead.
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
GC1! / Gold / Xau - Idea I.Hey Guys…
Yearly Chart: Bullish Engulfing Pattern
2367 and 2283 are important Yearly FIB levels to watch
Above we find 2485 and 2543
Below we find 2230 and 2150
Quarterly Chart: Bearish Star?
-> Q3 will tell.
-> Stochastics at level 90
monthly: a little weakness after the Rallye - 2 Stars and an Inside Bar - Stachastic is OB and turning.
Will be happy to take a reversal if the signal occurs (using a trading system)
3D: Bullish breakout is generally to be expected. = Neutral to Bullish
XAGUSD / Silver - Ideahey Guys,
Yearly Chart: Corrective mode since 2011 (Bearish Pressure)
2023 ->inside Bar closed above middle line -> Bullish
Conclusion = neutral - Happy to take both sides of the trade since we are seeing a balanced market since 2011.
Most important lines for a Breakout: 32.3
For Bears: 28.3
Until a clear break of 32.3 (on a closing base) I am still neutral - bearish on the yearly chart. Below 28.3 I am very Bearish.
Targets are mentioned above as well as below.
Quarterly: breakout above the inverted H&S Neckline with reaching all targets in one candle. - closed below 30.00 --> important High.
Monthly: Inside Bar at crucial line of 30.00 but still in a rising channel. Stochastic is turning down. Expected Sideways Formation for a while.
3D: Oversold area - likely to see a bounce from here to test the 32.3 area again. I will be happy to take a Signal from there since we are Consolidating at the Higher TFs as well and I would like to sell from that area again.
Thanks for reading…
Pan American Silver (PAAS) AnalysisStrategic Portfolio Optimization:
Pan American Silver NYSE:PAAS , a prominent global precious metal mining company, is bolstering its market position through strategic initiatives. Recently, PAAS agreed to sell its Lucita property to Defiance Silver and its La Arena gold property in Peru to Jinteng Mining for $245 million upfront, plus contingent payments. These moves align with PAAS's strategy to optimize its portfolio and strengthen its financial position.
Leadership Insight:
CEO Michael Steinmann highlighted the strategic benefits, stating, "With the sale of La Arena, we continue to optimize our portfolio while retaining future upside through royalties."
Investment Outlook:
Bullish Outlook: We are bullish on PAAS above the $16.50-$17.00 range.
Upside Potential: With a target set at $28.00-$30.00, investors should consider PAAS's enhanced financial outlook and strategic portfolio optimization as key drivers for potential stock appreciation.
📊⚒️ Stay informed about Pan American Silver for promising investment opportunities! #PAAS #PreciousMetals 📈🔍
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis:
Chart Pattern:
Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout.
Support and Resistance: The stock is consolidating between defined support and resistance levels.
Breakout Potential: A breakout above the resistance level could lead to a significant upward movement.
Target Price: The target price can be estimated based on the height of the rectangle.
Stop-Loss: Set a stop-loss just below the support level to manage risk.
Fundamental Overview:
Revenue (TTM): $846.97M
Net Income: -$108.14M
Total Debt: $593.83M
Current Ratio: 1.00
Conclusion:
The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures.
Investment Note:
Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD
OANDA:XAUUSD
The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction.
So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor.
Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area.
Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
$XAGUSD Bearish to $26I think generally metal prices are having a pullback at the moment including $XAUUSD. Silver on the weekly timeframe has a support zone @25-26 and if that wont hold then there is a chance to hit 21-22{Least likely though}
Entry now
29.500
SL 30.100
TP1 27.500
TP2 26.100
Alternatively upto 22.
Timeframe : weeks to months
GOLD ShortXAUUSD Was rejected recently from ATHS - 2450s now fighting to stay above 2300. I still believe that the price has to move lower to find demand before moving back up. Next area to be tested will be 2300. Areas of support are 2300, 2260, 2200 and finally at point marked A Area.
Long term trend- Bullish
Short term- Sideways to bearish
Let me know what you think about this thing