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Preciousmetals

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
GOLD: An Increase In PriceHello friends, today you can review the technical analysis on the 1D linear scale chart for Gold price per oz. There are many technical indicators and oscillators noted in the analysis, so please review everything. #CryptoPickk noted in the chart: 1) GOLD price has been in a descending channel since August 2020 forming a potential Bull Flag Pattern. 2) The Bull Flag target is around the 1.618 Fibonacci Extension level around $2,646. 3) The prior price rise took 733 days so assume about the same, the price could reach the target by October 2023. 4) The price would be a 45% increase from the current price level. 5) The RSI (relative strength index) has been supported on the bottom trendline and has not broken it. 6) The only concern I have in sight is Hidden Bearish Divergence which may be in motion currently with some price action going down before price goes up. What are your opinions on this? 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
4
Gold Rally to 2,130Gold is in its' last wave up (Wave 5) and specifically in wave 3 of 5 (the strongest impulsive wave), it is now on its' trendline which has been intact since March 2020 and is a sub trendline of the bigger uptrend that has been intact for 4 years now. Moreover, gold is now on the 61.8% Fibo level which supports the scenario of gold going up. Targets are calculated based on Fibonacci extensions and gold is expected to extend to new all time highs. A safe target would be 2,045 however it is expected to break the previous ATH and reach the following targets: 2,130 ---> 2,180 ---> 2,300 A proper stop loss would be below the 1,756 level to protect the trade from whipsaws and it is recommended to move SL to breakeven right after the breaking of the 1,960 level.
SAXO:XAUUSDLong
by qaddoura93
Huge return on platinum for the next couple years This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support at 770 $- 820$ area I expect the price to continue going down the path to these levels. Platinum’s prices are likely to rebound since it's used in manufacturing. It also has a future in renewable energy requests. As an investment, platinum may be useful in a variety of ways, including hedging and speculating. However, If you want to include platinum or any of the precious essences in your portfolio, I will recommend that. For the position, I recommend a buy order on 770-820 level with 1 Buy limit order at 590 -620 area with the same amount of the first position last Buy limit at 405- 425 area just in case the price make a strong move against us with 4x amount of the first position Our targets:: 1ST Target 1284 $ - 1320 $ area 2nd Target 1850 $ - 1900 $ area ============================================ The Period of investment starts from 6 months to 3 years (estimated) I had given you the areas letting you manage your position Commitment to strategy will bring you the best benefit of the strategy we expect 130% to 250% return for 3 years of investment
TVC:PLATINUMLong
by youssefallax
10
Long term palladium buy opportunity We can potentially see an additional 10% drop but we’ll be buying at every bit of the dip. I believe this is a 1 in 5 year buying opportunity for palladium. Currently the recent Covid variant news is putting downwards pressure on this precious metal as its main driver of demand is through vehicle manufacturing but the suppression of price won’t happen for too much longer. Long term strategy play, a potential to test prior all time high within the next year. Let’s wait and see…enjoy the ride. ✌️
OANDA:XPDUSDLong
by AlphaTurtle
1
Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though. In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern. Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio. Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur). 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:SILVERLong
by MillionaireEconomics
XAUUSD - KOG REPORT!In last weeks KOG report we said we were looking for a pullback at some point during the week targeting the 1845-50 region and higher immediate targets of 1874 and 1881. We saw price create a high of the week at the 1877 level and then create a very difficult range to trade before declining into that 1845-50 price zone. We also highlighted the Adam and Eve pattern which had formed on the chart alongside the lower high on the 4 hourly which gave us a hint of the bearish movement that was to come. Hope the updates and analysis during last week helped traders with making the right decisions in the markets. So what can we expect in the week ahead? We would like to see some more bearish pressure on Gold this week, however, having said we can most certainly expect some more whipsaw, choppy and difficult to trade price action. Although the movement on Friday looks aggressive the actual movement in price isn’t as extreme as what institutions are capable of in a sell off. We will remain with our view where we are looking for the lower levels to get in to the long trade targeting the 1900 level and potentially beyond. Unless this breaks and holds below the 1820 where we will re-assess the markets again. We can see that 1830 target being achieved so if the markets open bullish tomorrow we will look at the higher resistance levels of 1850. 1855 and above that 1860 to target that lower level of 1830 and below that the 1820-17 price points. If we reach these levels we will look for a strong rejection and support and then potentially take the long position for the higher levels. The flip side to the above is if we continue down from here we'll look for a strong level to form as support and then get in for the long trade. In this case we will need to trade it level to level as we don't want to get stuck in short trades if the market decides it wants to turn aggressively from the support levels. Please keep in mind, if they really want to stretch the buy from dippers they can take it all the way back down to 1795-97 before resuming the bullish move. For this reason, any short trades we take we will make sure to take partial profits along the way and protect the trades so we don’t miss out on any further decline. We’re still bearish on Gold but we would like to see our higher Excalibur targets achieved before Gold resumes any declines. Support: 1830 1820 1817 1805 1790-95 Resistance: 1850 1855 1864 1875 1885 1895 We have added the hourly chart below which we had shared with our group during last week. You can see the price is still in the range with a slight breakout to the top and now its targeting the lower support. What you’re looking for here is a break or rejection in the area below. We’ve also added the 4H chart which shows the Adam and Eve pattern we were monitoring last week. What we’re looking at here is to see if they complete the move around the 1830 level or they stretch it out a little further down towards the 1807-10 levels and below that 1790 before resuming the bullish movement. We’ve also highlighted the support levels below so you know what to look for if a level is broken. Again this week we will be trading lighter than usual mostly from level to level removing most of our positions when we reach short term targets and moving stops to entry just incase the price resumes in the direction.
FX:XAUUSD
by KnightsofGold
23
Gold Futures Do Not miss this Swing short opportunity Looking at the Monthly chart we can see a clear similarity in the price action from the present time to the previous ATH back in 2011. With HTF Resistance above us and previous attempts to retest those highs creating monthly lows since the August 2020 ATH I anticipate a potential SFP into the red box marked RESISTANCE before a move to the downside. This presents a great opportunity to open shorts with a generous risk reward . I have pulled some key fib levels that align with the EMAs in chart for additional confluence in those lower regions . Set alerts and wait for the trade to come to you . Always know your invalidation and stick to your trading plan . I will post my monthly Chart of the DXY index also as that analysis correlates very well with this idea. Thanks for stopping by and be sure to follow me for future analysis and updates
COMEX:GC1!Short
by SJTRADESFUTURES
2
My filter before developing setups | Gold FuturesToday I will share the filter I have before taking a new setup on the precious metal. The key idea here is that every time the price was on a bullish trend, we observed clear corrections on the way to the final target. We have defined all the cases; we will trade case 4 using the three previous situations as models. The main characteristic we observe once the price takes inertia in our expected direction (bullish) is to observe corrective patterns from 4 to 9 days before the new impulse. So what I did was look at them on the 4HS chart with the idea of having an objective parameter to execute setups on all of them. CASE 1: CASE 2: CASE 3: As you can see, all the structures show an ABC pattern that helps us define the exterior edge of the structure. Once that is clear, we can define pending orders above B and set our stop loss below C. What about the target? In the previous scenarios, all of them reached a target with a 2.5 risk to reward ratio except for the last case that reached 1.8, and then we saw a total reversal. In this scenario, our final target is around 1960, with a risk to reward ratio of 2.3 The only place where we may observe reactions is on the previous resistance level of the previous trend. That may be a place where we want to protect our setup, moving our stop loss to break even. The expected duration of this setup is less than 25 days once it is executed The risk I will be taking is 3% of my trading capital on the stop loss. Thanks for reading! feel free to add any idea or chart about this setup on the comments
COMEX:GC1!Long
by ThinkingAntsOk
6