Looks like its going to ~$160 right now. more bullish above 178 then ~183 and see 5 wave impulse
It is readily apparent by now that BITFINEX:BTCUSD is on a run for the last ATH. When the price of something is this close to such an obvious level with momentum it is a very high probability bet it is going to reach it and even break it. But what then? You have to BE SMART. A lot of people that don't watch this video are going to FOMO and I pity them but...
Technically, Gold is setting up a series of lower highs and should be testing the recent lows soon. The breach below to close below the red support line of 1848 in the next two weeks should see Gold finally retracing decently. MACD should break down into the bearish territory, and the Relative price strength also turn negative. This premise appears supported with...
Gold looks like it's about to make a new leg higher but will it also drop 5-7% first? The dollar and gold tend to create very distinctive price cycles if you know how to look for them. Renko helps to see these price cycles and time seems irrelevant to them. I am seeing a cycle low in the works now but I'm not sure if it's complete yet. I will venture to say...
Gold is zooming. Why? The DXY. As we can see on the monthly DXY chart, the developing pattern parallels history. 1. It bounced off the 200 EMA 2. It broke trend, retested, and failed 3. It collapsed The RSI and MACD are weak What happened to Gold last time DXY collapsed? Trading Signals Buy Signal: Weekly RSI lows Sell Signal: Weekly RSI...
Gold (USD)- Bullish falling wedge. 68% of eventual upward breakout from falling wedge. For further details, please see below link: thepatternsite.com
GOLD (AUD) daily nearing support uptrend line
Has formed a triangle and mirroring $SPX at this point. Key which way this resolves. >94 would mean pain for equities and other assets $UUP $EURUSD $USDJPY $EEM $GLD $BTC.X $TNX $TLT $SPY $QQQ #Trading #Currencies 💱
$GLD bearish signal.. breaking its upward trend.
The disconnect between physical and paper markets is considerable. The paper markets represent $5T whereas there is a $20B market for physical silver. If the price of silver were based off the total market, silver's price value would be roughly $5000/oz. Not saying silver is going there but this is decades of manipulation and curving demand from the physical...
#SLV Setting up a bullish pennant on weekly and daily time frames. High volume run ups are usually followed by a period of consolidation before a continuation/reversal. Once silver breaks above the upper trendline and clears 23.55, SLV should start its move to $30+ by the end of the year. This is just the start for silver and gold and if it isn't a part of your...
XAU/USD Long Entry 05:03:37 (UTC) Fri Oct 30, 2020
Hello everyone, Andrew here, want to start with, This Is Not a Political Preference or statement. If you look at the chart, you'll see either party will take Gold to it's next all time high. For different reasons, Gold will react volatile to this next presidential election. The color of the route represents the political party, Red of course is the existing...
As long as the market doesn't crash. Because that will temporarily bring us out of trend.
$nugt $dust $gdxj $jnug $jdst $slv $gld Renko is not playable in published ideas so I'll update this chart. My last post got little attention and I've been warning people about a sudden drop in gold, silver, miners. We're setting up a new buying opportunity but how low does it go? I would like to see GDX between 28-32. Hold fast.
Gold/Silver Ratio breaking out from falling resistance. This signals change in the trend for risk appetite in metals if it holds, as gold outperforms silver in this regime. $GLD $SLV
As previously analyzed, Gold topped out and is due for a really good pull back. It is doing it just that now... as earlier expected. See related ideas for earlier analyses that indicated today’s showing.