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Preciousmetals

Gold Priced in Dollars Devalued by M1If you were to devalue the US Dollar in real time as M1 money supply increases, it would price in inflation in immediately. M1 money supply is the amount of liquid available currency within the federal reserve system. Compare this chart to the current Gold chart and it will give you a glimpse into the future for gold. To quantify this into a gold price, take your % measuring tool, put the starting point where the previous all time high was in 2011, and put the ending point at where the price is on this chart - about 200%. Take that percentage and apply it from the 2011 all-time high on the Gold chart today, and it should give you about $5000 per oz of gold.
COMEX:GC1!Long
by micahjmiller
Gold consolidating for a (potential) move to $2500 in early 2021With gold being in consolidation mode for a few months, this is a potential path out of the bull flag and trend it's trading in. I've drawn ideal support backtests with little flushes below to shake out weak hands. The measured move out of this trend will replicate the move up from our March generation lows, placing the target somewhere in the $2500 range. Inflation will show up in commodities/PMs as we have the regime change in the US and more stimulus packages to aid the economic recovery.
TVC:GOLDLong
by bubblegumman
Watching Gold for a real breakout rally... or breakdown While many may be bullish on Gold in the short term, I find that Gold is acting a little off and weirdly too. With a fiercely dropping USD, Gold is barely in demand (in the short term). This tells of either a burst breakout rally or a slow breakdown as Gold has slowly creeped up in the last three weeks. Having bounced off the initial downside target of 1800, Gold is marginally below 1900, and it just failed the downtrending channel resistance despite clocking a series of higher lows and higher highs. Watch this one reveal its true colours... soon.
COMEX:GC1!
by Auguraltrader
Copper Outlook /long-term Technical Analysis We have broken the long-term resistance trend that had been in place for almost 10 years. RSI is very overbought, but this market has proven overbought can stay overbought for a long period. In the chart there is 3 potential targets for Copper in the long-term picture. There are several place to take profits and/or add on pullbacks. (These are the orange segment lines) Fundamental Analysis Industrial metals have been rallying strong; and are likely to continue with expected infrastructure investment for 2021 and further. Copper is also used in Semiconductors, which is the basis of all technology hardware. Steel is behaving in a very similar fashion, adding to the idea of industrial metals outperforming precious metals.
AMEX:COPXLong
by dorfmanmaster
1
GOLD Trade Idea - Shorter term!XAUUSD - Technical view! It's healthy to have retracement - but remember it is counter trend lower your risk. Pattern: Descending Wedge formation (Smaller term could even be a bear flag once broken) Once measured - Target area: 1806.40 (Key fib retracement area) Support areas: 1818.243, 1806.387, 1789.261 Resistance areas: 1848.181*, 1857.509 Target area: 1806.40 area (161.8 Fib Retracement area) All the best, Trade Journal TJ (Just a trade idea, not a recommendation)
OANDA:XAUUSD
by Trade_Journal
SILVER will bounce from Resistance. Short! Hello, Traders! SILVER is trading in a pattern That is somewhat similar to the one of Gold And I've just posted a short on Gold from the falling resistance line Which is present on Silver chart too So why do I intend to short Silver higher than Gold? Its because on Gold chart the more important horizontal resistance is already reached And forms a confluence with the falling one In Silver, however, the horizontal level is way higher than the falling one So I'll play it safe and will be shorting silver from the horizontal resistance Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:SILVERShort
by TopTradingSignals
2
IVR leveraged silver miner 500% on next rally??-Investigator Resources (IVR) has intersected up to 755g/t silver from infill drilling at the Paris Silver Project in South Australia -The 20,500 metre drilling program began in September with aims of improving the grade and confidence of the resource -Drilling is still underway, with 19,300 metres of the drilling campaign already completed -A diamond drill rig is scheduled to arrive on-site before the end of November to support quality assurance and control requirements Some old news headlines. I think with the DXY looking to decline. PM markets should start lighting up. We have had a good consolidation so keeping an eye on moves this week!
ASX:IVRLong
by DylanWikki
When is a good time to buy silver? #SLV Confirmation?Looking at silver over 2021 we have a couple trend lines that have been holding up as support and we are currently looking at retesting one just before we enter what i would consider a buy zone. The bold trend line coming down has been tested twice and we are forming a symmetrical triangle. As we see upward pressure from the 2 longer term support trends, we will be testing it again in the 22.42 area. Id like to see price action above 22.34 and back above the trend line that is acting as resistance currently. A precursor to this could be pressure from the lowermost upward trend as we move into the downward trend again.
AMEX:SLV
by TradingNomadic