Gold as trading at 2382 with a noteable resistance level observed at 2405 should gold breach this resistance traders may consider pursuing the following targets 2426 to 2445 Alternatively should a sell pattern maniface to indicating a potentail down turm traders may anticipate the following support levels the initail support rests at 2359 followed by potential...
Just the market need more time to find more bears to push it down, just the FED cut rate hopes down and the Middle east tensions looks like over.
Silver needs to consolidate, and since the dollar will fall since Japan, South Korea and USA's Yellen agreed this week on it, they need to slam silver first to blunt the ascension and to shake out paper hands.
It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2....
A 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off...
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Hey Everyone, Another great day on the chart today buying multiple dips inline with our chart idea. Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level. The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
WTI Crude Oil came to day to the closest point it has been near the 1D MA50 in more than 2 months, since the February 6th breakout. The 1D technical outlook is neutral (RSI = 48.820, MACD = 1.03, ADX = 27.71) indicating that this is the most efficient buy entry since the February low. The market has already formed a 1D Golden Cross and displays striking...
Hi there, WTI (OIL) reaches to a powerful resistance. We could see several resistances in 82.5-83.5 level, that we mentioned in the pictures. So we sell it now in 83.2 and 83.5 with 80.7 and 78.2 as TP and 84.5 as SL. Be success.
This is a great leveraged silver miner play. I can see this easily doing more than 700% when silver breaks its ATH, which this miner wasn't even around for, so I can say that it can do 1400%. Obviously do your own research, this is NOT financial advice. I also own this miner myself so I put my money where my mouth is...
This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could...
A TTM Squeeze on the Daily, Weekly and Monthly = a huge move is coming. I believe Powell will talk about adjusting the acceptable inflation rate in his speech tomorrow from 2% to 4%. He will appear dovish and inflation will rocket in the dollar starting April when the gamma has rolled off the quarter. I've also been noticing that precious metals are higher...
SCENARIO 1: EVERYTHING hinges on the carry trade. If USDJPY goes down, so will yields - making inflation higher and commodities will boom. Of course this is a mistake and Japan (and the whole world) will feel the effects off inflation here since TVC:DXY will plummet also to 97. Then when everyone blows up in the summer sparking a u-turn and the FED realizes...
Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness....
Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again. In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because...
Crudeoil supporting by trendlines If break more fall possible
Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish...