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GOLD/SILVER

Technical analysis update: Gold (24th January 2022)Gold continues to trade slightly above the key technical level at 1835 USD. We continue to maintain a bullish view on XAUUSD. However, we would like to voice a word of caution as there is a FOMC meeting this week which may present itself with increased volatility in precious metals. Investors will get more clues on upcoming rate hikes and economic tightening which poses threat to the general stock market and cryptocurrencies. However, in turn, we think this is a positive catalyst for the price of gold. There is a very high likelihood of capital getting out of the cryptocurrency sector which is being hammered down by a strong downtrend (and which we predicted already in November 2021). We previously noted that this would cause rotation out of cryptocurrencies into more conservative assets like precious metals. We continue to maintain this same notion even today. Our short-term price target stays at 1850 USD while our medium-term price target is 1875 USD. Illustration 1.01 Picture above shows the daily chart of XAUUSD with volume indicated by green and red bars below it. Preferably we would like to see further increase in volume which would further boost the bullish case for gold. Technical analysis - daily time frame RSI, MACD and Stochastic are all bullish. DM+ and DM- are bullish too. ADX continues to increase which suggests that the bullish trend has resumed. Overall, the daily time frame is bullish. Technical analysis - weekly time frame MACD, RSI and Stochastic are all bullish, similarly like on the daily time frame. Same applies to DM+ and DM-. ADX continues to undergo reset. Overall, the weekly time frame is bullish. Support and resistance Neutral zone appears between 1750 USD and 1835 USD which currently act as two very important supports. Closest resistance lies at 1877.14 USD. Another resistance above that is at 1916.615 USD. Major resistance lies at 2075.282 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
2
Technical analysis update: XAUUSD (7th December 2021)Gold remains stuck in the neutral zone between 1750 USD and 1835 USD. Its trend continues to be neutral. Several fake breakouts above or below the neutral zone took place, however, a new trend failed to be established. We await the FOMC on 14th and 15th December 2021 as it will provide more insight into FED's next actions. Despite gold's neutral trend we remain bullish on gold in the long-term. Our view is supported by persistent high inflation and other fundamental as well as technical factors. Technical analysis - daily time frame Stochastic oscillates in the bearish area. However, it changed its direction to the upside. MACD is bearish, although it started to show first signs of attempting to reverse its direction. RSI is neutral. DM+ and DM- show bearish conditions, however, ADX suggests no trend is present. Overall, technical indicators on daily time frame suggest that no trend is prevailing in gold right now. This is reflected in its sideways moving price action. Rectangle formation: Rectangle area is shown in yellow background. False breakouts are indicated by white arrows and text. Technical analysis - weekly time frame Stochastic is bearish. RSI is neutral. MACD appears near 0 points and it needs to be observed closely for potential strength to stay in the bullish area (above 0 points). DM+ and DM- show bearish conditions, however, ADX contains low value which suggests that no trend is present (which coincides with ADX on daily time frame). Support and resistance Short-term support is at 1750 USD while short-term resistance is at 1835 USD. Resistance 1 is at 1877 USD, Resistance 2 is at 1916 USD, and Resistance 3 is at 1959 USD. Major resistance level is at 2075 USD while the major support level lies at 1676 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
XAUXAG - Gold/Silver Ratio! XAUXAG - Gold/Silver Ratio! Question I get asked: Why do you look at the XAU/XAG? Simple answer: Measuring the strength. Which metal has a greater R/R potential and that's been silver. Now personally I am much more bullish Silver since last yr march, given analysing the market of both gold and silver, which I stated this in my year ahead video outlook for 2021. (Message privately if you'd like access) I favour Silver for buying opportunities due to adding confluence analysis the XAU/XAG ratio I do this with currencies (E.g EURGBP), cryptocurrencies (E.g ETCBTC) and many other assets. Key Tip: The trend is your friend, until it's broken. Have a great day ahead. Trade Journal (For educational purposes, not investment advice)
OANDA:XAUXAG
by Trade_Journal
All cycles for gold are up on a weekly basis.To support a strong up move in silver, gold should be performing as well. Reasons why gold will be performing and could retest August highs on the last week of February, and after making a pull back into early March creating a cup and handle pattern - storm to 2500 by April: 1. During March - November period gold has made a 9 month long picture perfect bull flag. Shows us that the longer term trend is up and buying power is larger than the selling power. 2. All cycles are up and as long as we don't close below 1807 weekly basis - the up move will continue. 3. A move to recent highs at around 2050 (if occurs) will be stopped by the previous support line, a double top against the high and the smallest cycle being down for about one week at that period. Now as I remind you - now cycles are up and unless gold shows weakness closing below 1807 - we are long. To change the monthly trend - gold has to close below 1764 monthly basis. 4. A move to around 2500 will be +37.5% from 1764 - bull flag low and cycle low at that point. Division of the dollar into 8 parts gives us natural points of support and resistance and we use this information to figure out a few facts. Firstly, percentage terms - 37.5% is 3/8 of 100. Meaning that we use the lows and highs - add or subtract - 1/8, 2/8, 3/8 etc. (i.e 12.5%, 25%, 37,5% etc.) and as a result get points where potential resistance/support will be. Secondly, we use the division of the dollar into eighths to get the nominal price resistance, once we go above 1 dollar - natural points of resistance become 1.125, 1.25, 1.375, 1.5, 1.625, 1.75, 1.875, 2, 2.125, 2.25, 2.375, 2.5 (or 2500) . I hope this makes sense and you will try applying this method and prove to yourself that it works in most cases. 5. The pink trend line is the price projection taken at an angle which is = to the angle of the up leg inside the bull flag. To get the date where it will stop the up move we use the information given by cycles and observe that by around mid April where cycles top for some time in both gold and silver the trend line gives a point at around 2500 - natural point of resistance given by the previous rule. 6. Stay tuned for the XAUXAG update where I will combine my price targets for gold and silver and their cycles dates to check if the ratio gives us the same result according to its own cycles and points of resistance. Please remember futures trading involves a substantial risk of loss and is not suitable for all investors.
COMEX:GC1!Long
by CSInvestment
2
Looks like silver is about to make a large up move.Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle. At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long. It is very interesting to observe how perfectly trend lines work, pure magic. As long as we don't get a close below 26.9 - the buy signal remains. I expect silver to reach the 32.5-33.75 trading range by February 23rd, then we could potentially stall out a little bit till cycles bottom early March before the next up leg that will take us to 40 in mid April. Remain tuned for fresh updates. Today I will post several more updates regarding related instruments and prove the fact that silver is about to explode. Remember futures trading involves a substantial risk of loss and is not suitable for all investors. Thanks a lot.
FX:XAGUSDLong
by CSInvestment
5
Gold/Silver ratio cycles signal an upcoming smoke show in pm's.This is a related idea and I recommend to scan the previous ones at least briefly to understand what I am about to say. As you can see cycles totally support the bullish market in gold and silver, since silver moves more percentage terms than gold in both directions - the reason why the ratio swings up and down. I expect gold to reach around 2050-2070 and silver 32.5-33.75 by late February-early March - that gives a 61.3-63 target range for the ratio - double bottom and a place where the ratio will bounce causing a short term pull back in the metals. Then mid April - right around the cycle top in gold and silver, the cycle will be bottoming for the ratio. The targets I figured for gold and silver for April are the following ranges: 2450-2520 (Gold) and 42-44 (Silver) - gives a ratio range of 57.3-58.3 - what a coincidence - at that time there will be an upper boundary trend line waiting at this exact point.
TVC:GOLDSILVERShort
by CSInvestment
Cycle is up until 5-6 FEB. (Bearish precious metals).As you can see in my related idea and on this chart - the smaller cycle perfectly caught the high and low in the recent three weeks. Now even though the longer term cycle turned down - looking at the price action I still think the smaller cycle being up will bring one more flush in precious metals. Recently we have observed a black swan event in the silver market - a group of private speculators decided to corner the silver market - with their previous success in small cap stocks they gained additional margin and it will be hard for the regulator to silence this wave. However, looking at cycles for silver and this ratio in the short term I believe they will as usual have great success in crushing the paper market. We don't stand a chance unless we purchase physical metal, they have infinite power until we keep the liquidity inside their system - they won't have a method to suppress the price if the demand for physical spikes into space. The premiums will get so out of hand that the paper market will be adjusted to the price of physical, if it doesn't we will have two different markets for the physical metal and the paper contracts for the metal - they will have no correlation to one another. I will not tell you what to do but I will not chase the move with the artificial corner, I believe that silver itself holds the potential for a crazy up move - but only when the time comes and cycles, momentum, etc will support the move. This is not a small cap stock - this is a commodity that is very meticulously regulated by the main financial authorities. The silver paper market along with gold, platinum and palladium measure trillions of dollars! I don't understand how a group of private speculators can corner a multi trillion dollar market against the CB's that have infinite liquidity and x100 leverage on silver. Technically looking silver failed to close above important resistance at 27.5, however it still sits above the 26.25 level. We have to wait and see next week, I wouldn't be surprised to see a move against the minor cycles in silver but it will be according to a rising longer term cycle. However, my opinion stays unchanged short term and I will wait for the next silver cycle to bottom around the 3rd of February. Remember futures trading involves a substantial risk of loss and is not suitable for all investors.
SAXO:XAUXAGLong
by CSInvestment
GOLD and SILVER - Interesting Combination!XAUXAG is sitting around a strong support and round number 70.0 so we will be looking for buy setups on lower timeframes. unles price breaks the green zone downward aggressively, then a bearish movement would be expected. For XAUXAG to go up, there are three scenarios: 1- GOLD UP, and SILVER DOWN (best case scenario) 2- GOLD UP, and SILVER UP but with Gold moving up more aggressively. 3- GOLD DOWN, and SILVER DOWN but with Silver moving down more aggressively. How to trade it? Well it depends on your trading style/plan. but here is what I am waiting for as per my trading plan: ON H4: XAUXAG formed a valid channel in red so we are waiting for a new swing high to form around the upper trendline to consider it our trigger swing and buy on its break upward. The stop loss goes below the last swing low, and we always target double our stop loss size to have an edge over the market. Meanwhile, until the buy is activated, XAUXAG would be overall bearish and can still break the green zone downward. Good luck!
OANDA:XAUXAGLong
by TheSignalyst
35