Get started

Preciousmetals

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
Technical analysis update: XAUUSD (25th October 2021)XAUUSD continues to climb higher. At the same time, the odds for validation of inverted head and shoulders pattern increasingly grow. Pattern will get validated once neckline (around 1835 USD) is penetrated to upside. This neckline currently acts as important resistance level. We expect occurence of breakout above this resistance to be accompanied by resumption of bullish trend which will take gold to new all time high. We continue to be bullish on gold and we would like to set short-term price target to 1850 USD. Our medium-term price target remains 1875 USD. Technical analysis MACD performed bullish crossover which strongly bolsters bullish case for gold. In addition to that RSI and Stochastic remain bullish. We expect eventual RSI crossover into overbought territory which will be accompanied by validation of inverted head and shoulders pattern (and subsequent resumption of uptrend). ADX continues to contain low value which suggests that trend is very weak. Support and resistance Short-term resistance appears near 1835 USD which coincides with neckline of forming inverted head and shoulders pattern. Another important resistance sits at 1916 USD. Short-term support sits at 1800 USD, while another important support level sits at 1750 USD. Major support sits at low of 1676 USD while major resistance sits at all time high of 2075 USD. Our previous thought from 14th October 2021: 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
18
Technical analysis update: XAUUSD (8th November 2021)XAUUSD trades just 10 USD below its short-term resistance. We will observe gold in the following days and we will look for potential strength that could elevate price above short-term resistance. In our opinion such occurence would be very bullish development for gold. Indeed, we expect it to cause resumption of uptrend in gold. Because of that we continue to be very bullish on gold and our short-term price target is 1850 USD. Our medium-term price target is 1875 USD and long-term price target is 1900 USD. Technical analysis We expect price to continue climb higher as MACD, RSI and Stochastic are all very bullish. Though, ADX contains low value which suggests that trend remains neutral at the moment. Despite that we are bullish as we expect breakout above short-term resistance and eventual resumption of uptrend. We previously showed inverted head and shoulders pattern being formed. We later stated that pattern was taking too long to form and we abandoned it. However, resistance level at 1835 did not lose any importance. It is still valid level for breakout as it coincides with short-term resistance. Support and resistance Short-term resitance sits at 1835 USD while short-term support lies at 1750 USD. Next important resistance sits at 1916 USD and then major resistance appears at 2075 USD. Major support level sits 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
12
Franco Nevada - Bullish Breakout TradeStrong Financial Position No debt and $1.6 billion in available capital as at September 30, 2021 Generated $206.9 million in operating cash flow for the quarter Quarterly dividend of $0.30/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Committed to the World Gold Council's "Responsible Gold Mining Principles" Partnering with our operators on community and ESG initiatives Goal of 40% diverse representation at the Board and top leadership levels Diverse, Long-Life Portfolio Most diverse royalty and streaming portfolio by asset, operator and country Core assets outperforming since time of acquisition Growth in long-life reserves Growth and Optionality Acquisitions, mine expansions and new mines driving growth 10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake Long-term options in gold, copper and nickel Noront consolidation likely to accelerate development of Ring of Fire properties 39.78x Price to Earnings (PE) ratio = too much FNV (CA$178.55) is trading above estimated fair value (CA$144.54) Technicals Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
NYSE:FNV
by TH_Analysis
XAUUSD - Daily LevelsQuick update from us following on from the KOG report on Sunday. We said at the beginning of the week we would be looking for more bullish momentum with the first target at around 1829. We've hit 1830 and rejected which also coincides with the trendline resistance on the Daily TF. We can still see some more bullish movement to come so keep an eye on the KOG levels we posted on the KOG report. We will be looking for a small correction tomorrow possibly targeting the 1805 level but will update you again tomorrow with our plan and trade idea. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
9
SIlver bulls charging up!Silver currently sitting at the $22 support point. Definitely a good area to be slowly accumulating Silver. Real physical Silver. With the way inflation is heading, I see Silver first heading up to test the next resistance point at 130, from there I suspect support to be built up and serious FOMO kicking in. From there, we run it up to $2300. I will be making a post on Gold later on today, it'll make a lot more sense as to why $2300 Silver isn't so crazy.
TVC:SILVERLong
by ashur123
9
Gold: Weekly Forecast 7th November 2021Despite the dollar has strengthened, the gold marked a strong weekly gain and breaks towards the upside. This could certainly help the gold to climb further but it will face strong resistance at the top of the symmetrical triangle and a strong supply level at 1828 which could provide a good short-term sell opportunity. After which, we will look for a buying opportunity again as the price pulls back towards 1807, follow by 1790 which is near the bottom of a newly formed rising channel. As such, we will have both buying and selling opportunities and this week's movement will give us a better idea whether the gold is ready for another bullish run or remain range-bound within the symmetrical triangle.
FX_IDC:XAUUSD
by AlgoVenture
1
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. From www.karoraresources.com HIGGINSVILLE GOLD OPERATIONS OVERVIEW Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia. The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits. HISTORY Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008. Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011. On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time. In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited. On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger. Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited. GEOLOGY Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting. The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock. MINING Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines. MILLING Processing is conducted through Karora Resources' Higginsville processing plant.
K
by TH_Analysis
Vox Royalty continues towards C$5 million revenue targetTORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. Quarterly, year to date, and annual revenue guidance figures are summarized in the below table: Kyle Floyd, Chief Executive Officer stated: “We are pleased to announce another quarter of strong royalty revenue and multiple royalty-linked production records at Higginsville and Koolyanobbing. The Vox portfolio remains on track to deliver revenue at the higher end of our expectations, even in light of revenue guidance doubling in July 2021. Further, we anticipate the first royalty revenue from our Segilola asset during Q4/Q1, following the achievement of commercial production at Segilola in October. The coming quarters present even more value accretive developments for Vox shareholders to look forward to, as we continue our industry-leading organic growth trajectory from 5 to 10 producing assets by late 2023.”
V
by TH_Analysis
XAUUSD - KOG REPORT! (4 Hour)4H: This is an interesting chart. We can see we’ve broken out of the trend and now we’re looking for the retest. We drawn in the 4H support and resistance levels for you to add to your charts as well as what we feel is the potential movement. Please do also read the weekly and daily analysis which we have shared separately for you. We can see the double top pattern and strong selling pressure bringing us down on Friday to break the neckline. A retest of the trendline break and strong resistance would represent an opportunity to again short the market for the 1735-20 levels as completion of the whole move is lower down. As we’ve shared on the weekly and daily charts, the levels are similar as are the areas of interest where we either want to go long or short. We’ve tried to illustrate on the chart as best we can with the arrows to show the levels we’re looking at and where to look for support or resistance to form. Please trade with caution this week as its the first week of the month and if this is a false breakout its likely we complete the trend to the upside. We also have a lot of news this week and FOMC on Wednesday which will move the markets. So expect the movement to settle after tomorrow into a range and then a potential breakout during and after FOMC. As always we will share our FOMC analysis a few hours prior to the statement on Weds. Our bias, as it has been from the 1960 levels is still bearish on Gold. We are however looking for a bottom to form soon where we would like to get in for some long term long positions. We have shared another 4H chart below with the immediate key levels. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
XAUUSD - KOG REPORT! (Daily)Daily: We’re going to share the same chart we used on Friday for this as its really important to show the trend we’re in on the daily as well as the immediate support and resistance levels. We can clearly see a strong attempt to break the short term trend line resistance to the down side. We have support just below at the 1770 level and resistance just above at the 1785 and 1795 levels. If we see support at the 1770 levels we would expect there to an attempt again at the 1785-90 level. What we’re looking for here is resistance at the 1790-95 levels again for this to go down further and test the 1750-45 region first and below that 1730-35. Resistance at the 1790-95 level would also potentially start the formation of a H&S on the daily. We’ve taught our students how to trade this pattern specifically on Gold as the volatility on this is quite individual to the pair. 1770-75 is an important level as well as 1805-6 where we keep rejecting. The concerning thing for us is that we have an Excalibur target around the 1815-17 region, so we are expecting there to be a move up to that price point some, we would also imagine there to be a lot of stops placed around that price point as well as break even trader. Key daily levels: 1805-7 1790-95 1785 1770 1760-55 Negative below 1770 – If this level turns into resistance we can look to target the 1750 region and below that 1735-35 This is just our view, please do your own research to make an informed decision. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
XAUUSD - KOG REPORT! (Weekly)Weekly: In last weeks KOG report we suggested we were looking for support below and for the price to target our Excalibur level of 1810. We were looking for higher but we rejected near enough exactly at that level. This week we're going to do something a little different. We're going to do a top down analysis and share it with the community, starting with the weekly chart and ending with the 4H. This will hopefully give traders a clearer insight into what we're looking at and what we're looking for. We’ve zoomed out and looked at the trend, chart patterns and fractals going back to 1971. We can see that its obvious Gold is in an overall uptrend as the long term channel shows. We’ve taken the support and resistance levels from previous highs and lows to give you the weekly levels as well as tried to illustrate the smaller patterns and channels. We have also added the immediate range showing you the levels we are likely to see price testing in the coming weeks. There are some key points and references: If you look back at the 2011 (please zoom out of the chart, we have illustrated the pattern) and look at the triangle created you can see we’re following a similar pattern. Now we’re not saying we’re expecting the price to do the same thing, we’re merely suggesting we could face a similar scenario. We have to trade the chart how we see it and how it presents itself, not how we want to see it and what we want to happen. We’ve taught our students about how to trade triangles and what to look for so this is our first point of focus. We have the immediate range high and low which is 1830 and 1720. Our ideal scenario in this case is a test on that 1830 level one more time where if we face resistance we feel would represent and opportunity to short the market for the lower support region. Now, we’ve looked back over the last 10yrs and the seasonality of Gold on the Monthly and weekly charts. You will see that Nov is either a ranging month or a negative month for Gold. If we look at the chart and the potential triangle we’re in we would expect this to test both the levels mentioned in the range at some point during this month. We’ll add a 4H chart later to show you the range and where we feel are long and short zones. Even after the small sell off on Friday we’ve still closed as a bullish candle. We would expect an attempt on testing the high of the Oct candle which will again lead us towards the 1830-35 region. Nov monthly candle close is really important to determine the next trend in Gold and it leads us towards the end of the triangle so please trade this carefully, the chart is lining up for a breakout on the longer term time frames and its likely when it moves after such accumulation it will be a big move. Key levels: 1829-35 1812-17 (we have an Excalibur target here) 1783-87 1750 1720-25 1682-87 This is a weekly time frame and represents our short to medium term outlook. Please use as reference only. As always, trade safe.
FX:XAUUSD
by KnightsofGold
8