Had to take a position on this today! Sprott is the largest holder (with 165 million shares). This long-term chart looks very similiar to Jaguar Mining (another Sprott company) that has taken off. A reverse head and shoulders forming on the monthly chart. It could still bounce sideways to lower in the near-term. If so, I doubt it will be dramatic. Could be an easy...
OXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.
The market is changing rapidly. When the market changes, respond flexibly and follow up in a timely manner. Wrong transactions must be stopped in time. This is our clear plan for trading. You can learn more on my channel.
Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...
Wheat Technicals (May) Wheat futures shot higher overnight but got stonewalled by what was previously trendline support (now resistance). A failure to close out above 550-555 keeps the Bear camp in control with a potential retest of the lows still in play. Further escalation in the Middle East could turn the tide back to Bullish. Bias: Neutral/Bearish...
Hey Everyone, Great finish to he week completing our last target at 2408 after lock confirmation for the range. We started the week with 2355 bullish target hit followed with the ema5 lock above 2355 opening 2382 and 2408. We had the 2382 level hit early this week followed with lots of dips giving plenty of action to get in from every dip, knowing we still...
Soybeans Technicals (May) May soybean futures broke lower but found support at our 4-star support pocket which we've outlined in recent reports as 1128 1/2-1133 1/2. The Bulls need to see this pocket defended, a failure to do so could accelerate the selling pressure. Below this support pocket and prices are back in uncharted territory, the next support level...
Dear friends, today due to the expansion and escalation of conflicts in the Middle East, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran downplayed the tension many times. Gold turned downward and has now given up...
At present, the K-line has stabilized at 2380, and the big positive line at the bottom has stopped the decline, directly consolidating the bottom signal, especially the K-line starting from below the moving average, directly breaking the suppression of the moving average, obviously unable to hold down the bulls Trading strategy: long gold near 2380, stop loss...
This a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a...
My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 82.13 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 83.93 About Used Indicators: By the very nature of the supertrend...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 61.80% Impulse Correction
Copper (HG1!) has emphatically broken above the last Resistance of the 2-year Bear Cycle as it smashed through the top of the long-term Triangle pattern. The same pattern kept Copper on a Bear Cycle up until June 2020 when it started the remarkable rally to the 5.000 High (1.786 Fibonacci extension). As you can see on both fractals, the formation of a Death Cross...
Hello,Friends! We are going short on the GOLD with the target of 2311.816 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the trend line and started to move up close this line. Soon, the price reached support 2, which coincided with the support zone, but firstly it rebounded below, after which XAU turned around and made impulse up, thereby breaking...
According to my chart analysis ,Gold GC xauusd show strong signal to sell .
Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2381.676. Considering the today's price action, probabilities will be high to see a movement to 2431.527. P.S Please, note that an oversold/overbought condition can last for...
hello guys! I believe xauusd is still bullish and every correction is an opportunity for us to get more long positions! so the blue area and the bottom line of the channel are two potential areas to getting the long position! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I...