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Preciousmetals

1100+ Pips In ProfitGood day guys, if you took this gold position, since I posted it, you are in well over 1000pips. If you took it from May 3rd, you should be in profit over 450+ pips or yesterday, you are up 200+ pips. What another push for all the bullish momentum into Gold. We have now reached the trend zone and I placed a sell limit position in at 1832. You know I am all about placing my position into profit. I am an early bird, however, I want you all to place your SL into profit with the buying position, especially, if you took the trade. Another phenomenal setup. There is more value in finding a trade you can hold for a week+ versus trading and scalping everyday. As far as the selling position, you guys can hold off and I will keep you updated with that position. Back to gold, with all the bullish headlines, there is a lot of euphoria that will come, when the move has already occurred, it is already too late. The markets will look to trap lagging bull traders into the market, by driving price in the opposite direction. That is where we will profit again. Be sure to like, comment and share your thoughts or our postings with friends and family. We appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDLong
by ThirdEyeTraders
3
GOLD - trade idea - from 27.04.2021 - active Analysis: Gold was advancing to the upside since our last trade (27.04) and I am waiting for a price action for the price to hit my first target in the upcoming weeks. Once we can manage to clear the zone near the 1850$ level it will open the road to test the second target around the 1960$ level.Bad fundamental news from the worlds large economies or geopolitical/healthcare news can boost up the price momentum. Trade from 27.04.2021 - ACTIVE Trade: BUY Entry: 1780$ 1st target: 1850$ 2nd target: 1950$ S/L: 1750
OANDA:XAUUSDLong
by tmsarn
1
Silver Consolidation and Potential Breakout:The silver (XAUUSD) has been trading in a range following the spike in the price last July 2020. Traders with bearish and bullish view are testing prices in the search for indications of the next level. The weekly chart shows this battle forms a consolidation process and a triangle pattern with bears losing power in every drop. A breakout occurs when prices finally moving outside a defined support or resistance level after a period of consolidation and increased volume. Nobody knows with certainty where the next move will be, but based on the pattern, we are in the middle of a breakout trade. The upside potential is huge due to the combination of monetary and industry-specific factors. The current monetary policies of all the Central Banks for injecting more liquidity in the economy is causing warnings of the inflationary pressure and lack of confidence in the Fiat money. But at the same time, silver is not only a precious metal but an important metal for electrification and products such as electric cars, solar technology, medicine, among others. Nevertheless, good traders usually place themselves in a position close to the support level and evaluate the risk/reward ratio with a stop loss just below the last low level defined. In the end, as Elder Alexander said: "Markets spend more time in trading ranges than they do in trends. Most breakouts from trading ranges are false breakouts." - Elder Alexander (1993), Trading for a Living
SAXO:XAGUSDLong
by QuantVox
AMAZING opportunity in GOLD. Price target 6000usd (3/3)This is publication 3 out of 3. Please give my idea a like if you found it useful. Chart 1: Chart 2: History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Check out the charts above for a closer look. Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky. Okay, so we have a buy setup here, but where did I get my price target from? Why do I say 6000usd as ultimate target? Well, honestly, predicting the top is going to be very difficult. Maybe we go above 6k, or maybe we top out a little below. If we compare the fib levels to the parabolic bull run in the end of the 1970s, we can see that it wicked above the 4.236 fib level. Going to the 2.618 fib level at 5400, and even wicking above - up to the psychological level at 6000usd, is not unrealistic technically speaking. I would not be surprised if we even overshoot the 3.618 fib. We also have a variety of different correlations that supports a big growth for Gold , like the gold to monetary base ratio. I don't have the time right now to go in depth about all the fundamental factors in play here, but here are some pointers: - Negative real interest rates - Gold is a tier 1 asset - store of value - Massive currency creation ---------> inflation inevitable, -> currency crisis we can already see signs of inflation - commodity prices are soaring As soon as money velocity speeds up again - inflation will accelerate -Uncertain times and political instability -> People tend to put their money in a safe asset ( Gold = Safe haven) when times are uncertain -More retail investors in the financial markets - we have seen a massive surge in retail investors and traders the past couple of years - people are becoming more informed about how the financial systems work. When crypto cools down, and all the new retail investors who thought crypto would be the best inflation hedge realise that they should diversify into other, less speculative, assets - such as Gold and other precious metals, we will gain a lot of momentum.
FOREXCOM:XAUUSDLong
by Ymir1
11
Gold Weakly ChartJust an update about Gold... I am kinda mixed about Gold at the moment. It looked as if there were legs for a good launch, and yet it did not. Stopped short at the channel resistance only to look a bit weak, closing below the weekly 55EMA with the last two candlestick suggesting a retracement off the resistance. At least the RPM and MACD is a little supportive for a pending breakout. What is also interesting is that the Largest 8 Traders (bottom panel, yellow line) appear to be buying up Gold in the last couple of weeks. On another note, the USD recently started running up. Continued bullishness in the USD would put some pressure on this Gold breakout, tipping towards a retracement. To break out or to break down? Only time will tell...
COMEX:GC1!
by Auguraltrader
3
S I L V E R - Trade Idea!!S I L V E R - Trade Idea. Precious metals overall have a lot of catching up to do compare to other commodities such as: Lumber, Copper and many others the list is endless. We saw this a yr a go coming due to Bloomberg commodity index, inflationary aspects was going to rise further. We've had good returns overall in commodities area, but isn't it time we pay attention to where precious metals is heading. We have been ranging for while, however there are still trading opportunity in the 'old skool' precious metals at a good risk/reward! Yes, aware that a lot of attention has gone towards cryptocurrencies this yr allowing further institutional investors with wide divide on the aspects on what to invest in. However, I still look at precious metals as % of my portfolio. Technical Aspects Pattern: Short Term - Pennant Longer term - Potential H&S Developing Support: 25.625, 25.165, 24.970 Resistance: 26.660, 26.915, 27.305, 27.935 Key tip: Stick to your trade plan and develop consistency Best wishes, Mind Capital (Just trade idea, not a recommendation)
FOREXCOM:XAGUSD
by MINDCAPITAL
Gold Technicals Are Looking GreatWIth Gold being under pressure this week, I am still looking for gold to continue to fall to the down side short term. However, long term I am still bullish. WIth all the money printing and failed monetary policy that is being implemented on a global scale; I am predicting Gold to rise to at least 2300 by 1st quarter 2022. Yes, we are some ways off, but I am more of a long term trader. I do not trade every day, but my setups profits are phenomenal when I see a setup like what is taking place in Gold. Well we appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSD
by ThirdEyeTraders
Bullish setup in gold strikingly similar to 1970s bull run (2/3)This is publication 2 out of 3. History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky. 6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price will soar, and why I think 6000 is a realistic target. Chart 1 -
TVC:GOLDLong
by Ymir1
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF. Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc. Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
ASX:JRVLong
by AaronHynninen
4
SILVER TECHNICAL SETUP - LONGWith substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation. Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too. The attached chart shows a bullish wedge patter having being broken out of, we will look for a close above the purple line to confirm a breakout and enter a long position. Keep in mind the whipsaw effect we always see due to earnings, exercise caution.
NYSE:CDELong
by clarkehimself
2
Is a Silver Squeeze Coming?Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be returning. Notice how XAGUSD probed and held its 200-day simple moving average (SMA) in late March and the first half of April. This was the first test of the 200-day SMA since May. Second, prices have broken a short-term bearish trend line running along the peaks of February and late March. They’re now trying to break roughly $25.75 - $26.50, a consolidation zone from mid-March. Third, Bollinger Bandwidth has turned up after falling near 7 percent. This has been a floor for the range of motion. That could help fuel a move if the price action starts to expand. There’s also a catalyst next week with the Federal Reserve meeting on Wednesday. The white metal is a strange product overall, with flashes of excitement and long periods of boredom. It’s been inert for months, but now the price action could be pointing toward another period of quicker movement. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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OANDA:XAGUSD
by TradeStation
34
Gold Miner ETF Hitting TrendlineGold miners are one of the worst-performing corners of the market this year. They’ve bounced recently, creating a potential opportunity for the bears. This chart of the Market Vectors Gold Miners ETF shows the downward-sloping trendline in place since August. Notice how prices are stalling after touching it again. Second, the 100-day simple moving average (SMA) is around the same level. This is similar to its last intermediate peak in early January. Third, notice how stochastics show an overbought condition. Finally, the current zone around $34 has a lot of relevance running back to last summer. It’s where prices rallied out of a bullish flag in June and then held in late November. It remained the bottom through February. If GDX remains below it, the verdict could be: “old support, new resistance.” The macro backdrop is also negative for gold because the economy is rebounding and earnings are expected to surge this reporting season. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
AMEX:GDXShort
by TradeStation
Gold looks ripe to launch in April style - yet again!After MONTHS of waiting, consolidating and fake outs, Gold GC1! appears to have what it takes to launch a cenet breakout rally and continue its long term trend UPwards. Given this at a time when USD 1.9T was dished out, and the next round of trillions in infrastructure spending, it forms the fundamental basis of the technical outlook. On the Gold weekly chart, we see that price itself maintained well from the 1600 target I set out last year (or earlier)... a bullish indication, which is accentuated by the last 8 weeks of candlestick price action. a higher low and nice long tails encourage a recent higher high to test the 55EMA this coming week. Then the RPM and MACD appear favourable for that 55EMA test. Underlying these, we can also see that the Largest 8 Traders (lowest panel) have been increasing their holdings, almost halving the net short positions as prices dip below 1800. The Daily Gold chart (right) shows the recent higher low action, and the technicals are also aligned for a rally good rally attempt with the MACD is just crossing over into bullish territory as prices break out of an immediate down trend line. Look out for Gold from this week! (Co-incidentally, it was two weeks two years ago at the end of April 2019 that I called for a bullish stance on Gold. Seems like it may be seasonal)
COMEX:GC1!Long
by Auguraltrader
Gold - Bullish Momentum Divergence - Buy the Dip?With Bitcoin and cryptocurrencies being all the rage at the moment, there appears to be subdue interest in gold and the precious metals space as a whole. Being the contrarian that I am, that peaks my interest, looking over at the spot gold market, I noticed a clear bullish momentum divergence on the daily chart. Switching over to the weekly chart we can see that we have retraced 50% of the total move higher from the runup in late May/ June 2019, needless to say this would constitute a "buy the dip" moment. A breakout above the downward trend would equate to a fulfillment of a 'cup and handle' pattern on the monthly chart. The real question you need to ask yourself is, do you believe that gold will continue to languish despite the dramatic government spending across the globe? With inflation being rightly recognized (finally) by the mainstream press, gold WILL attract inflows of capital as an inflation hedge, my hypothesis being that the latest drop in precious metals (the spot market that is) was orchestrated by some well known banks *cough JPM cough* in an attempt to divert capital away, this (among other reasons) contributed to greater inflows into the crypto markets, causing a performance disparity, which furthered the inflows into crypto. Will crypto continue to perform very well? it is quite likely, however gold just needs to lose the so bad. -TradingEdge
COMEX:GC1!
by Profit_Link