I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Hello traders and investors As shown here on my chart gold if breaks its higher level (2090) it will reach TP1 around 2200 and TP2 2550. so 2090 it is the key of all blowups Remember traders that i am not having a cristal ball predicting markets moves but i try to be more efficient and rational Good luck
Let's explore the price of gold with AD! Today, the price of gold continues to maintain its downward trend, trading around $1876 per ounce. The US dollar continues to strengthen against many other currencies. Gold prices are facing downward pressure due to the US and European stock markets extending their decline as concerns grow that central banks will maintain...
The EUR/USD pair struggled to capitalize on a strong overnight uptrend to a 4-day high. Prices are currently hovering below the mid-1.0700s and remain within striking distance of the three-month low hit last week. The US Dollar (USD) stabilized after a sharp decline. therefore, considered a headwind for EUR. (Fed) remains supportive of rising US Treasury bond...
As the short-term picture becomes clearer, I'm revising the view for the next six months (first published on May 27). The image below is based on the assumption of a larger rising wedge, which is dictated by the complexity of the moves observed since 2019, and specifically by what occurred in 2022-2023, which appears to be subwaves of WXY (double zigzags), which...
My take is that the price is moving within the scenario outlined a week ago. This week I watch the market to complete the structure before engaging in any trades or considering alternatives.
Not everything that looks as a triangle is a triangle. I am revising my count in favour of (w)(x)(y) combination.
Just like with Silver and Oil (see related ideas below) I expect an upward correction in Gold. However, since it is wave b it can easily turn to be a triangle or wxy combination (I indicated it as flat/triangle but can be flat/zigzag or flat/flat). Watching. More details in Weekly Update.
Highlighting the possibilities of wave (b) which I believe has not been finished yet.
Despite heavy selling I think there is a good chance of a bounce in ABC flat. Once ABC is complete this would be the moment to consider shorts.
Can you preserve your capital and earn #yield The #crypto market still offers opportunities to do so. Both #gold and Silver are undervalued on a historical basis, and provide places to hide capital during times of #economic uncertainty ... a neutral asset. But #bitcoin the versus #gold debate will rage for the next decade ... owning both is a good hedge....
Investment is like a marathon. It doesn't care about temporary wins or losses, but depends on the final outcome and the growth after experience accumulation.Everyone who can write a story has an unbearable past, and everyone who makes a lot of money has a past that has gone through a lot of hardships. On March 8, gold's short orders near 1823 successively took...
Gold could be signaling a hawkish Fed next week. If Gold puts in a weekly reversal, it could mean a bullish week for the DXY next week. Bearish on equities if this happens.
Hello,Traders! SILVER made a breakout of the Local horizontal level the retested it And the price action looks somewhat bearish So I think there is a high chance To see a further move down Towards the support level below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! GOLD has retested a key horizontal level And then broke the local rising support So now I am bearish biased And I think that Gold will go further down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
After, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart. This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji: ✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not...
Silver has entered it's buy level of $17-18xx and as the wave pattern comes to the next wave, the price could dip down one last notch. Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be...
Hello,Traders! GOLD was trading above the strong key level But today the support got broken in a brutal way Therefore we are bearish now And will be waiting for the retest of the broken level To go short on gold Sell! Like, comment and subscribe to boost your trading! See other ideas below too!