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Preciousmetals

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
PMs - PLATINUM - Fractal ApplicationIntroduction to Fractals: Although prices may appear to be random, they actually create repeating patterns and trends. One of the most basic repeating patterns is a fractal. Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements. - Taken from Investopedia Fundamentals Notes: - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish , and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. I posted a forecast previously, but I liked the Fractal Application, so I decided to make it its own idea. Link: My Wyckoff Method Application post, which this strategy builds on: GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
TVC:PLATINUM
by UnknownUnicorn1043646
PMs - PLATINUM - Model ForecastModel Forecast for Platinum: - Line of Least Resistance determined for PLATINUM. - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was a consolidation and accumulation period from 2015-2019, and the automatic rally from the last sell-off in March 2020 was used as a spring to achieve new local highs, but this type of pattern typically results in a decline, once distribution has ended. See the fractal from 2008 below. - However, we are in a greater trend, and while it seems that we have entered a higher channel, volatile sell-offs can be seen as bearish, and we believe the decline will continue once the short squeezing wash-out is over and retail excess diminishes, and support will be tested before further decision. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
TVC:PLATINUM
by UnknownUnicorn1043646
Gold Important Levels and Zones- April 2021 Update!Traders, Gold has always been very good with our FCPStrategy. Last week it came back to our 1681 area which we identified in August 2020. Now because that levels is important, it started to form a double bottom. Beware of that double bottom. That may lead traders in to the thinking that gold has bottomed. But there can be a final downward move to collect the stop losses on XAUUSD. So be watchful. Please note that the Gold also has a bearish case on monthly time frame in 1500s so if 1681 levels is broken on weekly basis, we will switch our bias to bearish once again. 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
2
Gold: Just some infosHi Guys, what's your view on Gold? Are we at the beginning of an uptrend like the one started in 2008 following the Global Financial Crisis or are we at the top already? Please leave a comment and a thumb up if you like the structure. Thank you for your support and for sharing your ideas. Be good!😉 Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:XAUUSD
by cozzamara
3
XAU/USD going as planned, could the bottom be in? @SmileyTradesHello Traders! Hoping to provide a short term update for you as opposed to the Longer Timeframe analysis I did previously potentially signaling a bottom. So far, Gold has been trading the Nested MMs beautifully, but we are still waiting for the 2nd Traditional Series setup will reach target. With recent price action being a consolidation above previous resistance, we can start to feel confident in Longs. Key levels are on the chart...there is, of course, the Opposing MM series in play and we must pay attention to that. I am expecting we break the Short Series and have some strong resistance in between $1,875 - $1,925 at the ATWHWB. I'll link my previous analysis of the larger timeframe to this post for your reference! Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
FX_IDC:XAUUSDLong
by SmileyTrades
WPM - It's Do-or-Die TimeFor WPM , it's getting very close to do-or-die time. A break above the red resistance range (with at least one daily close) would be SUPER bullish for WPM and the whole precious metals sector. However, should WPM break below the green support range (with at least one daily close), we would expect a lot more downside pressure to come to the precious metals sector. Which direction will it be? Are you prepared? The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
NYSE:WPM
by jstrasburger
1
Klondike Silver - Ready for the Next Move UpWe are getting a double retest of December's breakout point. Assuming OTC:KLSVF does not lose support, we are expecting much HIGHER prices in the weeks ahead. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
OTC:KLSVFLong
by jstrasburger