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Preciousmetals

Gold Ranging, Buy at DemandGold was up over 22 USD but threw most away through the US session. We can see that the market structure is an upward ranging one thus any gains could easily lose momentum and return to the lower band of the range. Right now, the price seems to have found support at 1768, but there's still quite a bit downside to reach the range bottom at 1760. We will be looking for buying opportunity at the current level should the price continues to stay supported. Otherwise, the best price would definitely comes after a fake-break of the current low and reach the demand level from 1764 to 1760. Target wise we will aim for 1784 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Gold: Weekly Forecast 17th October 2021Gold climbed further just as forecast last week, except that it plunged on the last day and wiped out most gains. Despite so, both the high and closing prices are higher than the previous week and there's no change in the entire market structure. In fact, the price fell just enough to stay supported at a newly formed rising channel. This week, we may attempt to buy at the beginning of the week at the current price, or perhaps a further drawback towards the 1754 demand level. The target will be 1830 supply level and the top of the current symmetrical triangle.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Is Gold gonna make or break?I must say, after tracking Gold for years, I find that this year (2021) is particularly challenging... In any case, it is now in a larger weekly triangle, and I am left wondering IF the next few weeks will see Gold shift out of the triangle and break out upwards. Watch the green circle area... There is some serious support at 1750, but no ignition for take off - yet. Jury is still out, and while I project, I prefer to wait a bit for this one. Gold is a longer term mover, and one that tends to be more robust in its trends. Thing is 2021 brings in new dynamics...
COMEX:GC1!
by Auguraltrader
1
Trading Range Breakout - Vox Royaltylooking back over 2021 the share price of this royalty company has done it all. We have seen a sell-off that culminated in massive volume (for this company) putting in a base. We then carved out a trading range before catching a bid to new 52 week highs. The recent breakout was welcomed, but the pullback to previous resistance on low volume, which is now acting as support, is crucial. Assuming the bull move is not over and buyers buy into value, the measured move of the trading range breakout would take us up to C$5.00 in the last 7 days Vox is up 5.1% 1 year up 34.2% Oct 01 - Vox Provides Recent Development and Exploration Updates from Royalty Operating Partners Gold Standard Ventures, Genesis Minerals Limited, Metalicity Limited, Black Cat Syndicate Limited and Norwest Minerals Limited July 29 - simplywall.st
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by TH_Analysis
Bullion Basing?Bullion Basing? While the rest of the commodity markets have been grabbing the headlines lately, you would have been forgiven for forgetting about the precious metals markets, however these now need to go back on your radar as we suspect that they are in the throes of basing. While we need more evidence to confirm, we would at least suggest that these deserve more attention. More specifically Platinum, Palladium and Silver. Palladium and Platinum have recently stabilised at their respective 200-week moving averages and platinum a couple of weeks ago even charted a key week reversal. A key week reversal is a trend reversal pattern – in fact these tend to work well so I would upgrade that statement to these are one of the more important reversal patterns to watch out for. In a downtrend, the price hits a new low but then closes ABOVE the previous week’s highs. The reason why I watch specifically the 55 week and 200 week moving averages and in fact watch the 55 and 200 daily and monthly period ones as well, is that as a 35 year veteran I have noticed that markets tend to mean revert to their long term moving averages particularly when markets are volatile. I have seen many times that markets move to and reverse from these moving averages and used in a simplistic way; while above these moving averages the trend is up, while below we can assume a negative tone. Also 55 weeks is virtually one-year and 200-week equates to approximately 4-years and they act as a medium- and long-term barometer of trend. So why not 50 or 52 week – because 55 is a Fibonacci number and I am a big fan of Fibonacci. en.wikipedia.org But when we see Platinum perform a key week reversal AND break above its 55-day ma AND Palladium reverse ahead of its 200-week ma AND silver reverse ahead of a multi-year pivot it is time to pay attention Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XPTUSD
by The_STA
Gold: Weekly Forecast 10th October 2021The gold is still in a huge consolidation phase since it peaked at 2075 an ounce. It is notable that the closing prices are getting higher and that the price should be able to make another bull run towards the top of the consolidation. In recent weeks, gold has broken above a falling trendline with a strong rebound and has now pulled back downwards significantly for another buying opportunity. This week, we will first focus on buying at 1747 - 1742 demand level, targeting 1790, followed by 1810. Stay tuned for more daily trading ideas!
FX_IDC:XAUUSDLong
by AlgoVenture
7
GOLD Range tradeGold has broken the bearish structure with a descent push and is holding price outside of the bearish channel. Expecting to trend back up towards the top of this range although will front run TP as I feel like we might start to make some lower highs forcing a squeeze on price again soon, not really expecting it to move fast to the top of the channel and break out. The last hammer is a bit of a concern as we started to break out there was a big sell candle so dropping my risk down on this because the set up is solid with a descent RR, but current candle not as confident.
OANDA:XAUUSDLong
by DeNomics
2
Technical analysis update: XAUUSD (5th October 2021)XAUUSD currently trades above its short-term support near 1750 USD. It experienced several fake breakouts below this level, however, price retraced back above support each time. We think inability of gold to slump lower while having bearish technicals suggest that we are close to the bottom. We continue to maintain notion that gold will remain stuck between 1750 USD and 1840 USD for indefinite amount of time with occasional breakouts below and above this price zone. Overall we remain bullish on gold in long run and we expect eventual breakout above 1840 USD followed by resumption of uptrend. Technical analysis RSI has bullish structure but it is reversing at the moment and becoming neutral. MACD is in the bearish area and it strives to reverse into bullish direction. We will observe it closely for next two weeks and we will look for crossover into bullish zone. This would further bolster bullish case for XAUUSD. Stochastic points into bullish direction, however, it oscillates below 50 points. We would like to see further rise in Stochastic which would even more bolster bullish thesis for gold. ADX's contains value slightly below 22 points which suggests that trend is either weak or neutral. Despite mixed technical analysis we remain bullish on gold. We believe that fundamentals such as persisting high inflation and unprecedented money printing will start to drag gold higher from here. We observe inverted head and shoulders pattern forming on daily time frame. Chart formation is depicted below. Pattern will become valid once neckline is penetrated to the upside. We expect such phenomenon to be accompanied by resumption of bullish trend of higher degree. Support and resistance Short-term support sits at 1750 USD while short-term resistance appears near 1840 USD. Medium-term resistance lies at 1916 USD and major resistance sits at all time high near 2075 USD. Major support sits near 1675 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
Gold Extends GainThe gold climbed further at the beginning of the week, following a strong bullish rebound from last week. By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs. We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level. If it goes beyond it will be back to 1745. Otherwise, a bullish continuation will see the price to 1780 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
Gold: Weekly Forecast 3rd October 2021Gold was trending downwards at first but managed to rebound strongly at 1720. It was managed to break above a falling trendline and created a higher high against two previous lower highs. This is a strong sign that the gold will be able to recover further this week and therefore we can look to buy again if the price does pulls back lower before another jump. This week, we will wait for a pullback towards 1750 demand level to look for buying opportunities.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Gold keeps breaking new lowGold has opened to more downside since the weekly demand level 1760 was taken out. We now have little doubt that gold will retest its 14-month demand level just under 1700. Therefore, we plan to keep selling the pullback on every visible short-term downtrend. For today, we will be waiting for the pullback to the trendline at 1744 to sell. A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
GOLD (XAUUSD) Analysis UpdateTraders, Gold has been following our plan. We have been bearish on the XAUUSD because of the higher time frame bias. Last week, our long and show plans played out well. Gold went back up to test the neckline of the Head and Shoulders pattern after a fall. And right now it is kind of forming a double bottom which can push the price up a little bit. In this quick update we see all the possibilities that this market has to offer. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:XAUUSD
by vikinsa
8
Vox Royalty trading higherVox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting. In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯 Last week ended well for Vox Royalty Corp as they broke out of an accumulation range clearing resistance at the C$3.00 price level. Since the fateful date of June 16th which saw the US dollar rise and GDX collapse further, Vox’s stock has risen with dips to C$2.50 being bought up. This rising chart pattern of higher swing highs and higher swing lows bodes well for the company as the volume point of control for 2021 and VWAP are now offering a good base for support. For the longs who bought into the stock in January and March, they are being rewarded for their patience and they can take comfort that speculators who shorted the 2021 highs will now be covering, or risk being stopped out. These actions will likely accelerate, as investors welcome a return towards the initial offering price which could then lead to a test of the year's highs.
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by TH_Analysis
2
Silver (XAGUSD) Can FallTraders, silver (xagusd) has been inside a consolidation zone for a long time and after all those up and downs, it started to look very bearish. If the current support levels is broken, we are looking at a possible M pattern formation (along with an ugly head and shoulders pattern) which can push the price down to possible targets as shown. Usually silver follows the Gold price action so inverse is a bit true too. So watch gold price action with this market. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:XAGUSDShort
by vikinsa
2
Technical analysis update: XAUUSD (17th September 2021)Yesterday gold dropped to its support level around 1750 USD. Previously we noted that we were getting strong notion regarding gold being stuck between 1750 USD and 1840 USD for indefinite amount of time. We maintain this notion also today. However, in the big picture we remain bullish on gold. We think that gold is going to break above its resistance around 1835 USD eventually. Though, next week investors should be cautious as volatility in gold can present itself with upcoming FED meeting. It is possible that gold will experience more selling pressure that could escalate to break out to the downside from current support level. If breakout occurs then it will force us to abandon our short term price target of 1850 USD. Technical analysis RSI, MACD and Stochastic are all bearish. Though, RSI needs to be observed in the following trading sessions as it is flattening. Next week we will look for potentional reversal in it. ADX is still low suggesting neutral trend. Though it shows first signs of awekening. Current closest support is around 1750 USD while major support area is around 1675 USD. Then closest resistance is around 1835 USD while major resistance currently sits around 1915 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