I think green box has to hold to maintain higher-high, or risk is to the downside for a while.
If you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.
Looks picture-perfect. What do you think? leave comments below.
FOMC has stopped being a rug-pull moment for #gold for a while now. When will the market wake up? My guess is after $2070.
#dxy weekly, a bit of of a different analysis. The price of the {tweezer-top} candle formation from early December has capped price, in recent weeks. That price also aligns with the Fibonacci 50% retrace level since this downtrend began in Oct '23 A hidden confluence of resist.
Here is stocks vs $gdx. Is there any reason to think that this time is different than the last 4 times? What has to happen for GDX to NOT out-perform stocks and gold go up from here? Is it because "#gold sucks since 2011?" 🤣 #spx #ndx
Bullish candle for gold, silver, platinum, copper etc Bullish candle for gold, silver, platinum, copper etc
Lot's of room to fall when weekly EMA30 is lost (purple). That will mean momentum has shifted, and "silver" stocks are out-performing gold stocks. The duration of the trend shift is up for debate. Head and shoulders?
Based on the performance of the last bull market for precious metals, I peg a target at $43. This may be conservative, as the company has less competition that it did in the 2000's.
ASX:ZIP $zip.ax HUGE rejection by weekly EMA30 and top of channel. We call this a confluence of resistance. Only the Gods can save it from the fiery abyss now.
Is EVER leaving the station? I think so! Break out on volume of 1 year trend line.
Is #silver still bull flagging on the daily? Price is sitting above all major channels.
Here we see a massive bearish wedge. It is suspected that lithium price is leading this probable collapse.
The flagpole measured-move put price around $2134 If this is a bull flag with continuation.
Now, a beautiful {tweezer-top} candle formation. Excellent reversal odds now. #bitcoin #btc
NYSE:TECK $teckb.to has found support for 3 weeks in a row now at around $34, and we got the rising bearish wedge breakdown. The measured-move target is around $25.
#natgas is still bullish as long as $3 and weekly EMA30 still support price. On the daily, I also see a Livermore Accumulation Cylinder, which will build-out a decent cup and handle.
#silver $20 seems probable now if $22.25 doesn't hold.