Gold is trending higher along the Fib/Tesla Price Amplitude Arc. Are you ready for the big breakout in Precious Metals working its way toward early 2023? Follow my research.
This is one to watch. As the US Dollar Index (DXY) falls, gold and silver will go up. Take a look at the 1M MACD, we could see a long bull run in metals, especially silver.
gold has been going higher since the end of last month and is finally due for a pullback. However, this pullback should be short-lived and a healthy correction before resuming higher.
SLV has shot up again in the past couple of weeks. After taking a look its a bid extended from the 20,50,100 day MAs on the daily chart. Volume hasn't been anything significant and its facing a long standing trendline. Dollar has also been melting down which is a nice catalyst for SLV but eventually the dollar should find some support near term imo. I expect SLV...
Set up for a head and shoulders down to orange support and then to red. The market will bomb even more after the FED pivots in Q3-Q4 of 23 - taking precious metals with it. PM's take around 3-5 months to bottom out on average (according to Sunshine Profit's research) before taking off in a down market.
Myself, like many others, continue to believe Precious Metals (#gold & #silver) are about to enter a very explosive price phase. The past 12+ months have seen Gold rally after COVID, then enter an extended decline phase as the speculative bubble distracted everyone from core value. Now that the Fed and GCBs are dancing around rate increases, higher inflation, and...
Here is my idea about commodities: Wheat= Bearish Silver= Bullish Corn= Bullish CL= Bullish
Good risk/rewards. Back testing the break of he major downward sloping resistant line.
All in the video. I believe silver target could reach 40 as a completion of a large ABC structure. Gold/SIlver ratio likely drops to 50.
Roll up your sleeves and get to work on your order flow reading skills! This market is providing opportunities based on the right interpretation of the order flow script like few times I’ve seen… Don’t trust me? Watch the video and judge by yourself. In my last video it was gold, so this time is the turn of the younger brother silver. This one has got a...
The History of the Gold-Silver Ratio Citation: www.investopedia.com Historically, the gold-silver ratio has only evidenced substantial fluctuation since just before the beginning of the 20th century. For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady. The Roman Empire...
An overview of the markets I often cover. Dollar should pull back lifting just about everything, Wheat may have to retest 800, Bonds ABC continues to 120's, Dax (germany index) looks interesting at support and may be hinting at a larger bounce in world markets. Good luck!
Large speculators in silver hold a large short position. Net short positions in silver are rare and typically occur near a major low in the silver price. -Jamie
We've all been watching Gold/Silver - waiting for the next big move. I think we've hit the bottom RIGHT NOW. FEAR is going to build over the end of the year as global market concerns continue to elevate. Gold & Silver should continue to rally higher off this Quintuple-Bottom level - or break downward if the Fed is able to navigate a soft landing. Either way,...
Silver tested it's main support and breakup candle this week with weekly bullish divergence. RSI near the weekly lows again. So far this level looks like it will hold it - bullish. My Gold/Silver ratio chart reached the target (see analysis below). I think Silver can be a big surprise here, and gold/silver ratio will now start making it's way down to 60 or mid...
Looking back at silver over the last decade reveals a very significant trend. Note the resistance peaks and where silver crawled around in the dirt for years and years. In 2020-21 silver broke out of that trend only to come all the way back down the touch the trend.. right now. Is the old ceiling the new floor? It very well could be. It is my opinion that...
Silver looks to be forming a bottom and is currently beginning the bullish CD leg of either a bearish Gartley or Crab Pattern. It meets the criteria for both so far. This interpretation is further reinforced by the completion of a clear five wave structure down, ending in July. I'm setting a tight stoploss as there shouldn't be much more downside if either of...