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GOLD/SILVER

Why did the General Commodity Rally still not start?4 parities were specifically selected. USDJPY : It is in very similar movements with Gold. Even if the buy signal is received, it is still at a critical point. XAUXAG : It has finally broken the trend channel been trying to break down for a long time, but still moving very close. The buy signal is observedit can be evaluated if the trend channel is broken upwards and the signal does not change. AUDUSD : A very important parity for commodity rally confirmation. The country's commodity resources are the largest sectors in the country. The industrial metal rally will be evident with this pair rising. Parity broke the trend line he couldn't break for a long time.But short signal received. This may only be exhausted by the weak momentum as it is on the trend line, even under the influence of the signal. XAUUSD : Gold's way behind the trend lines.It's still under buy signal. But Gold is under the influence of the highest long positions in its history, although it is not included here. CONCLUSION For the industrial rally we need to observe: AUDUSD : Uptrend XAUUSD : Downtrend USDJPY : Downtrend XAUXAG :Downtrend After that, we can literally watch an industrial metal rally. This may indicate that the risk will decrease in the world and there will be a great entry to the industrial shares. If we are only going to watch a gold-based rally, we need to be ready for stable global markets. Gold-based increases of course on industrial metal rally too, but I think this can only happen after hard sales and declines. Note : This will also partially affect energy and agricultural commodities.
OANDA:XAUUSD
by Noldo
4
The 2020 GDX OUTLOOK>>YIELDS|STOCKS|FED Policy& GOLD>>(Part 2/4)Short Analysis on GDX/Gold in 3 bullet points; Series on Commodities and the 2020 outlook - 21st of December 19' Before I get into the analysis, wishing you all Happy holidays! Here's the simpler version of the chart: 1. Few key takeaways: Despite that the current resistance at ~31 is holding , the breakout in GDX is eminent . The question is of the timing . From part 1/4 analysis on yields(Ref #5) it seems that yields are looking somewhat bullish. Of course, this is based on the assumption that "Not QE" will continue and eventually QE-4 will be announced . Nevertheless, this means that equities will continue to be bullish, even in sectors such as materials (Ref #6). If we get another series of rate cuts, GDX could breakout as early as Q2 of 2020. For further discussion on QE and monetary policy, visit part (1/4) on Treasury yields: 2. Recently there has been somewhat of a small bounce in PMI's . This was expected as the global monetary policy stance of CB's took a dovish turn in 2019, and the easing environment affects the real economy with a lag . Taking this into consideration, $GOLD may continue the horizontal path that it is currently on. This bounce in the macro data may be very dependent on the outcome of the trade negotiations , which hopefully we will find more about in January. 3. Not expecting gold to make new highs in the first half of 2020 . As the election cycle unfolds, there should be more volatility depending on the election circumstances. It's still very early, but it doesn't look good for the Democrats, in which case a breakout in both GDX and GOLD may be postponed . It's all labelled on the chart. To sum up, based on more accommodating monetary policy, the bottom line in GDX should hold above 27$. The horizontal range (27-31.25) should sustain before we get a breakout triggered by either the election cycle or potential economic shocks . This is a perfect iron condor trade setup . Materials as a sector has been very under-weighted and hasn't performed well, compared to the cyclicals . As the global economic slowdown continues, it seems that there isn't any downside in holding gold as a stock market hedge . Either way, balance sheet expansion favors all assets, especially substitutes for the dollar- gold. Tried my best to keep it short and simple, this it for GDX and GOLD. -Step_ahead_ofthemarket- ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated! References & Disclosure: 1. FED rates Super-cycle 1980's- 2. Dollar/Yuan breakdown, trade progress and tariffs: 3. Previous Gold chart: 4. XAUXAG, Gold aginst Silver ratio: 5. Treasuries and QE: 6. XLB Sector, US materials: Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
AMEX:GDXLong
by step_ahead_ofthemarket
7
ridethepig | Gold & the "Santa Rally"Uncertainty around reflationary fears will add upside risks to prices in Gold for 1H20. Gold remains bid since the start of November, despite risky assets continuing to gain ground. CB's have been buying 20% of the Gold supplies, the same rate circa Nixon era, all whilst mainstream media paints the geopolitical landscape with a more constructive backdrop, any signs of complacency or gusts of wind from risk will likely drive more flows on the demand side in Gold from retail. We are finally getting the breakout: As widely covered here before, the physical Gold market remains incredibly resilient and first targets come into play at 1595: Expecting another relative breakout versus S&P in 1H20: On the mining side : Yields: For those tracking the end of year positioning flows for 2020 Q1, reflationary risks are around the corner!! After months of choppy waters , finally bulls are emerging from beneath the woodwork as we begin the flows towards 1650. I stick to my average forecast of $1650 and expect Gold to hit $1595, $1650 and $1800 on a 6, 12 and 24m basis. This is my final target in the 5 wave swing, afterwards I will expect Gold to enter in consolidation via profit taking. Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.
FOREXCOM:XAUUSDLong
by ridethepig
6
XU100 (BIST) Long Term AnalysisHi All, This is not investment advice.. very long term analysis for XU100 (BIST) Each bar is one month.. I am waiting for ending cypher pattern about 113.4x and also starting sharp fall with third wave of elliot. As you can see rising wedge pattern on montly graph as logaritmic graph. According to cypher pattern you can find potential reversal zone after reach terminal bar (113426.21) I dont want to refer about TP1 (0.382) and TP2 (0.618) Cyhper resistances. Because end of the cypher waiting for sharp fall with third elliot wave and dont care shortime analysis.. Second pattern is on XU100 1M ABCD or Alternate ABCD harmonic pattern whatever you choose.. If the ABCD or Alternate ABCD harmonic pattern works, AB=CD (level) is minimum requirement ----> 76549 ( if the price action does not reach this target , ABCD is invalid therefore alternate ABCD is also invalid) Minimum requirement & Resistance1 = AB=CD ---> @76549 Resistance2 = 1,272 AB = CD ----> @66518 Resistance3 = 1,618 AB = CD ---> @ 53997 P.S: Also I am waiting for sharp fall in parallel #dji #dow #spx500 #nasdaq #ndx #xu100 in 2020 waiting for rally #xagusd (silver), #xauusd (gold) , #btcusd Good luck
BIST:XU100Short
by bariscoskun
Silver Market Overview (TF = 1D ) When we look at silver prices, we observe that it is very close to resistance. At the same time, the current channel is very close to the resistance. When we look at the gold / silver ratio, the ratio, which has been in favor of gold for a long time, is turned into silver. My personal thinking, both the transgression of resistance and support, as well as a clear downward ration of the ration, can result in a hard upward movement in silver. On the other hand, if these situations do not happen, we are very close to the resistance, we can open a profitable short position in terms of risk / reward ratio, but in this case, let's make sure that the gold-silver ratio returns in the channel I have drawn. Best wishes !
OANDA:XAGUSD
by Noldo
Silver looking like its found support - Potential 5th Wave Long Using our ElliottWave Indicator Suite on Silver, on the Daily timeframe, we can see that it has found support in our wave 4 probability zones. The wave 4 behaviour is also looking good using our Elliott Wave Oscillator and False breakout Stochastic. Now the pivot around 18.750 is an issue, so a longer term bullish trade would be taken until that is broken with a target of 20.500 within our automated target zone. Also we would look for long trades on smaller timeframes with this strong potential 5th wave bullish move in mind. Watch the Video tour of our Elliott Wave Indicator Suite >>>HERE<<<
TVC:SILVERLong
by xBratSoftwareSolutions