What’s Flowing: XAU/AUD Bullish MomentumKey Observations:
1. Support Levels Hold:
• XAU/AUD has established strong support near 46,800 AUD, forming a base for a potential rebound.
2. Trend Reversal Indications:
• Volume Profile Analysis indicates buyers stepping in around the Point of Control (POC), confirming accumulation in the lower range.
• A breakout above 47,637 AUD highlights bullish momentum gaining strength.
3. Bullish Targets:
• Short-term target: 48,253 AUD, aligning with the Value Area High (VAH).
• Extended target: 50,000 AUD, should momentum sustain.
4. News Flow Insights:
• Positive sentiment in gold markets due to global uncertainties and potential rate adjustments.
• Market talk highlights consistent buying, especially in regions with heightened demand like India and China.
5. Risk Management:
• Stop Loss: Below 46,800 AUD.
• Take Profit: Incrementally at resistance zones (48,253 AUD, 50,000 AUD).
Context:
XAU/AUD reflects a favorable environment for safe-haven assets amidst global market uncertainties. Gold’s bullish seasonal trend adds strength to the outlook.
This is an excellent opportunity for traders and investors seeking upside exposure. Stay tuned for updates!
Silver
Metals & Miners Are About To EXPLODE HIGHER (50%-100%+)Please don't miss this opportunity.
I've been studying the metals charts, and last weekend, the SILJ chart caught my attention.
I started looking at longer intervals (Weekly and Monthly) to see what I could find.
XME and SILJ are showing excellent Inverted Excess Phase Peak patterns that may resolve as a breakaway upward price trend over the next 8 to 24+ months - sending both XME and SILJ over 40-50% higher at a minimum.
This sounds crazy, but Metals and Miners are probably the best opportunities for swing position trading right now as hedge investments and/or very long-term options play.
There is nothing else out there that has a 100-200% rally potential and the ability to hedge against global risk factors.
I believe SILJ, XME, Gold, Silver, & Platinum will likely be HUGE WINNERS over the next 12-24+ months.
Get some.
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SILVER: Price Action & Swing Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside.
I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day.
My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ.
Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along.
I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit.
Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k.
I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely).
Remember, if you can't take the lumps, stop and rethink what you are trying to trade.
Get some.
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SILVER Is Going Down! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 30.989.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 28.202 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SILVER BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 29.618 area.
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SILVER Buyers In Panic! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.622 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.343
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Silver Moving Up to 37 & 44Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up.
It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5.
As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to 37 and 44 approximately.
SILVER What Next? SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 30.514 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.292
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading.
The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend.
This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand.
Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points.
AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum.
The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase.
If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades.
I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future.
Stay cautious as the markets are still struggling to find a post-election trend.
The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall.
Get Some.
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XAG/USD Analysis: Silver Price Balances at Key SupportXAG/USD Analysis: Silver Price Balances at Key Support
As reflected in the XAG/USD chart, the price of silver this morning is trading near $30.2, just above a critical support zone formed by:
→ The psychological level of $30.00;
→ The lower boundary of the ascending channel. As indicated by the blue arrows, this lower boundary has consistently provided support, enabling bullish reversals in silver prices throughout 2024.
However, the price is currently below the 200-day moving average (MA), which is trending downward. An examination of price action in November reveals a lack of sustained growth following two breaches of the psychological level. As the red arrows illustrate:
→ On the first occasion, the price encountered resistance near $31.50;
→ On the second, it failed to rise above $31.
This could indicate weak demand, increasing the risk of a bearish breakout below the key support zone, potentially breaking the 2024 uptrend.
Meanwhile, analysts remain optimistic, citing strong fundamentals. According to media reports:
→ ANZ Research analysts forecast silver prices reaching $35.4 in 2025;
→ JP Morgan analysts predict silver at $36;
→ Saxo Bank analysts anticipate prices climbing to $40 by 2025.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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