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Preciousmetals

Technical analysis update: XAUUSD (16th December 2021)Gold responded pretty well to yesterday's FOMC meeting. It soared from as low as 1753 USD yesterday to as high as 1798 USD today. We continue to maintain a bullish view on gold as we expect the tightening cycle (with presence of high inflation) to be very bullish for gold. Additionally, we expect gold to break above the resistance level at 1835 USD. We expect this breakout to be accompanied by resumption of the uptrend that will culminate in a new all-time high for gold in 2022. Technical analysis - daily time frame RSI started to grow slightly (after a long period of sideways moving action) which is bullish. Stochastic is also bullish. MACD tries to reverse its direction to the upside. DM+ and DM- are due to perform a bullish crossover in the following days. ADX remains low which suggests that the prevailing trend remains neutral. Final note - daily time frame Overall, no trend is present. Price remains stuck between 1750 USD and 1835 USD. We continue to await a bullish breakout above the 1835 USD price tag followed by subsequent resumption of the bullish trend. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD remains in the bearish area; however, it needs to be observed closely in the following weeks as we expect it to perform a bullish crossover above 0 points. DM+ and DM- continue to show bearish condition. Though, ADX is very low which suggests no trend is present. Final note - weekly time frame Weekly time frame shows similar conditions as the daily time frame. No trend is present and price remains stuck between the support level at 1750 USD and the resistance level at 1835 USD. Support and resistance Short-term resistance sits at 1835 USD while short-term support sits at 1750 USD. Other resistance levels sit at 1877 USD, at 1916 USD, and then at 1965 USD. Another important support level can be found at 1676 USD. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
5
XAUUSD with a gold rush..For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. Looking at this safe haven asset, we have seen a huge rally in the last 18 hours. On this rally, we can short at the previous highs. This is because it fits out TECH plan. We shall then go onto inputting accurate RM. sentiment has heavily affected this asset as of late and is likely to continue to do so in the near future.
OANDA:XAUUSDShort
by WillSebastian
6
Silver Still Bullish into end of year Hey guys, this is follow up to my US100 call today linked below, I see silver falling to the support line making a big double bottom supported by strength coming back into the RSI causing a strong bull run into the new year come after. December has always been a great time to be invested in precious metals often coinciding with strong rallies, I think most people understand that the fed is behind on tapering and will speed up but I doubt they will sped up enough on there policies so maybe this could be a reason for a flock to precious metals as a flight to safety for next year. First target is 10.7% away from the support line where we have had previous support and resistance and by the time we get there the 150 EMA will Also be there acting as resistance. But I stress wait for Gold to confirm this trend and watch the gold/silver ratio seems to be topping so silver will outperform gold here. follow for the follow up charts coming throughout the week on where i will cover another play i have on AUD/JPY, AUD/USD, stock buys and further breakdown on possible big short early next year.
TVC:SILVERLong
by jackwheeler
Everyone likes a safe haven...For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. Recently, we have taken plenty of gains on the XAUUSD and its sideways movement. Currently, this movement is heavily sentiment dependant. As we know, investors rush to safe havens like precious metals in uncertain times. There is much larger room to the upside and we are long technically with our exit at the directional arrows. Our bias comes from the long zone drawn by the eclipse symbol around key price action areas.
OANDA:XAUUSDLong
by WillSebastian
6
Vox Wave CountEWT is a handy tool to give some context of where a share price is within a certain structure. Fundamentals will always win out over Technical Analysis and with good fortune, the fundamentals for Vox Royalty Corp will exponentially improve. Cross-currents are keeping industrial metals tightly bound to a narrow trading range. Of course, peak reflation is in the rearview, but the lagged impact of Chinese deleveraging will soon join forces with a US fiscal drag, which could weigh on commodity demand growth into 2022. While China's Central Economic Work Conference reiterated its objectives of "stability", opening the door to more growth-supportive policies in the short-term, we expect an only slightly easier fiscal stance, while credit growth has also likely bottomed but is unlikely to rise substantially. Notwithstanding, rising metals supply risks are insulating base metals for the time being, particularly as surging power prices in Europe once again support the market. While a substantial increase in LME aluminium stockpiles has eroded signals of scarcity in the term structure, aluminium and zinc are particularly prone to risks associated with power shortages, particularly in winter months and as Chinese officials seek clean skies ahead of Beijing 2022. Copper prices have remained supported despite waning demand, as disruptions to transportation and logistics keep metal stranded overseas at ports, inhibiting trade. Nickel faces further supply risks from Indonesian policy, but concerns are waning as a sizable plant delivered on its pledge to produce nickel matte. Precious metals participants remain on the sidelines ahead of the Fed meeting which is set to announce a more aggressive tapering schedule, affording the central bank with optionality to embark on a hiking cycle as early as May 2022. Chair Powell will also likely reiterate a different hurdle for hikes, but the market will link hikes to the end of quantitative easing. Our rates strategists also note that the dot plot could be market moving, if the median 2022 dot shows more than 2 hikes. Certainly, while the above suggests a hawkish tone from the Fed, the market is already pricing the first hike in May 2022, which leaves a balance of risks tilted towards the upside for the near-term precious metals outlook, particularly as our macro strategists expect enough slowing in inflation and growth to delay rate the start of the hiking cycle. And, while precious metals have underperformed against historical analogs, in contrast to other markets for inflation-protection such as breakevens, it is worth highlighting that inflation breakevens may have been supported by inflation risk premium, without a commensurate rise in inflation expectations. The liquidity premium in TIPS could overwhelmingly be driving the price action in breakevens markets, potentially pointing to price distortions driven by quantitative easing. In this context, a reversal in liquidity premium driven by tapering could also catalyze a change in sentiment across precious metals, particularly as its impact ripples through into market pricing for Fed hikes. When we have the Fed out of the way and the Omicron virus has been fully tested with regards to the current vaccines that are available we should return to some market normalisation.
V
by TH_Analysis
2
Technical analysis update: XAUUSD (7th December 2021)Gold remains stuck in the neutral zone between 1750 USD and 1835 USD. Its trend continues to be neutral. Several fake breakouts above or below the neutral zone took place, however, a new trend failed to be established. We await the FOMC on 14th and 15th December 2021 as it will provide more insight into FED's next actions. Despite gold's neutral trend we remain bullish on gold in the long-term. Our view is supported by persistent high inflation and other fundamental as well as technical factors. Technical analysis - daily time frame Stochastic oscillates in the bearish area. However, it changed its direction to the upside. MACD is bearish, although it started to show first signs of attempting to reverse its direction. RSI is neutral. DM+ and DM- show bearish conditions, however, ADX suggests no trend is present. Overall, technical indicators on daily time frame suggest that no trend is prevailing in gold right now. This is reflected in its sideways moving price action. Rectangle formation: Rectangle area is shown in yellow background. False breakouts are indicated by white arrows and text. Technical analysis - weekly time frame Stochastic is bearish. RSI is neutral. MACD appears near 0 points and it needs to be observed closely for potential strength to stay in the bullish area (above 0 points). DM+ and DM- show bearish conditions, however, ADX contains low value which suggests that no trend is present (which coincides with ADX on daily time frame). Support and resistance Short-term support is at 1750 USD while short-term resistance is at 1835 USD. Resistance 1 is at 1877 USD, Resistance 2 is at 1916 USD, and Resistance 3 is at 1959 USD. Major resistance level is at 2075 USD while the major support level lies at 1676 USD. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
6
Silver possible +10% upside Hey guys, Silver looks to be bottoming out at this $22-22.3 range with a lot of wicks showing strong buying pressure. We have a previous support line there and a Fib retracement line there acting as strong support with a consolidation flag on the 1 hour time frame shown below developing a reversal trade setup. With the RSI showing buyers momentum increasing I believe we brake out of that pattern, which means this channel pattern on the daily will play out. The first leg reaching $24.5-24.6 where again we have a previous support line, 150 day MA and a Fib line acting a resistance and could bring a pull back before we resume past this point and push to the top of the channel. For now I'm only targeting this $24.6 price until we get closer to the further targets. 1.6% risk for a 9.5-10% reward I'm going to be buying warrants to make it around 40% profit to a 7% lose there abouts
TVC:SILVERLong
by jackwheeler
GOLD IS SET TO MOVE LOWERHello traders & investors! We have nice setup for Gold. On daily it was rejected at important daily supply zone. Now we are stuck in little range and we can expect some sideways action. Once we start breaking lower, it should be a vicious move. My targets are $1676.91 & $1611.34 . Personally I am not trading it, will look for good places to add bullion at blueish ractangle. That's it, very simple concept :) This is not a financial advice. Until the next one!
TVC:GOLDShort
by Patrikas10
1
Silver Will have one more leg down before exploding higher Hey guys, Silver recently broke its big down trend and is starting to look like it will start bulling hard. But If you have looked back in the past 9 years silver seems to have some strong seasonality bulling around the end of November to start of December period so I believe we will see some weakness over the next two weeks build the rest of this possible head and shoulders before the bull run starts. Also backing this is my view on the US100 will fall after earnings and Silver and the US100 track quite well at times and when the Us100 declines silver either leads and is a great signal for shorts or follows I touch on this on my first short against the US100.
TVC:SILVER
by jackwheeler
1
Technical analysis update: XAUUSD (23rd November 2021)Yesterday we updated our previous idea on gold in which we stated that gold became overvalued in short-term. We also warned investors about possible retracement below the breakout level at 1835 USD. Just hours after our comments gold dropped to 1802 USD per ounce. Retracement invalidated bullish breakout which took place in the recent weeks. Because of that we became neutral to bearish in our stance on gold (in short-term and medium-term). However, in long-term we remain bullish and we think any significant drop in price represents attractive opportunity to buy more gold. Though, investors should be cautious as USD continues to strengthen and FED continues its taper and interest rate narrative. We will watch out closely for next monetary meeting of the FED on 14th and 15th December 2021 as it will provide more clues on underlying issues in the market. Technical analysis - daily time frame RSI is very bearish. Similarly, MACD and Stochastic are also bearish. DM+ and DM- performed bearish crossover, however, ADX contains low value which suggests that trend remains neutral. Support and resistance Major resistance sits at all time high of 2075 USD while major support lies at 1676 USD. Short-term resistance sits at 1835 USD. Resistance 1 is at 1877 USD and Resistance 2 is at 1916 USD. Resistance 3 appears at 1959 USD. Then Support 1 sits at 1750 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSD
by Tradersweekly
8