Momentum that is low, coiled & tight, which starts to breakout is where the low risk, high probability opportunities lie. The more stretched the price gets from the spectrum of moving averages, the higher the risk profile gets. #gold
Before you get a 10, 20%, or even 30% drop for #gold, you'll see damage done on the daily chart first. Step by step.
If you are objective and unbiased... And are expecting #Gold to out perform #DowJones... Then, you should also expect the #USdollar to peak and roll over...
#CrudeOil mounting a comeback against #Spx. above 12 day moving average above 36 day moving average momentum breakout (distance from 36 day moving average)
And guess what happened next to #silver after #gold broke out versus #inflation? Reminder that #storylines and #narratives are land mines and traps for #traders. Stay clear of them. Stick to the unbiased, objective evidence... #charts!
#Silver is now ABOVE its final "wall" and breakout line (previous support turned resistance). A solid QUARTERLY close above 27$ would be of EPIC importance!
Breakthrough year for silver in progress right now! #silver #gold #inflation
Dr. Copper joining the move... But don't trust me, just look at the chart! #Copper #Gold #Silver #Crudeoil
Yes, silver got a CONFIRMED breakout on weekly chart... Now what? #silver #gold #crudeoil #copper #inflation
=> 12 month crude oil breaking out on weekly chart <= The mainstream media head line news will flood us once the price is close to its targets... late, like usual. #CrudeOil #Inflation #Commodities #Gold #Silver
In case you are wondering... #Coffee STILL on deck for a MONSTER move on its yearly chart! #starbucks #timhortons #inflation #commodities
#Gold and #Silver miners waking up, smelling a possible bottom in US Initial Jobless claims. Still a long way to go. #inflation #recession #fomc
My updated Gold "FOMO" Guide! Currently yielding 2850$ and 3350$ targets. Price targets scale up in time, as long the distance from moving average doesn't hit its own target AND remains above its rising trend line. #gold #silver #xauusd #xagusd
Copper miners smelling more yield curve un-inversion... #copper #silver #gold #uranium #crudeoil
#Silver is coiled & tight above its 36 month moving average, enabling it to explode in price much higher before crumbling down. If it was to reach previous peaks of #Fomo, then greedy 40$ and 62$ targets are on the table. It's trying to take-off right now!
Now that #Silver closed above its pesky long term descending breakout line on the quarterly chart... It can try to build on that momentum to create a new higher high above the horizontal wall at 27-28$. It already has a higher low. higher high + higher low = uptrend
!!! Market participants better pay attention !!! #CrudeOil and #Silver close to giving VERY IMPORTANT signals.
NO confirmation yet on monthly chart for silver's much anticipated breakout. Note, silver will most likely breakout on its own chart merit, a few months BEFORE it breaks out versus gold. That is what it has done the PREVIOUS 6 times since the early 2000s. #silver #gold OANDA:XAGUSD OANDA:XAUUSD