Clearly seen on this chart is the cup and handle that lasted for 12 years and now we are going into a wave 3 of 3.
Since our call the US #Dollar has crumbled. In currency those are big moves. Yesterday we said that it looked as if TVC:DXY wanted to settle a bit. However, it was an unusual area for it to find a "bottom". It eventually reversed & went lower in the day. The yellow lines are more likely a target & will cause some sort of bounce when/if they reach...
I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again. Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade . That's when you know...
Gold continues to hold bullish structure, patterns and models, and so expecting further upside. Please check linked ideas for more context of this market. Thank you!
Independence Gold appears to be entering a W3:3 from my perspective . If this is correct we should see a substantial price appreciation coming soon as confirmation . The companies properties are located in BC and the Yukon so in good jurisdictions which is important to me as i try to minimize investments in mexico and south america . Their exploration efforts have...
💬 Description: Most likely, we should expect another upward impulse for the metal in the very near future (1-2 days). The resistance level of 1972.454 is currently a trigger for activating long-positions on the market, which largely includes the positions of current sellers, who will be forced to switch from selling to buying. This impulse will most likely pass...
The global financial landscape is a complex web of interconnected markets, where various commodities play pivotal roles in shaping economic trends. Two such commodities, gold and oil, often stand out due to their significance and influence on both the financial and geopolitical spheres. Despite their different applications and purposes, these commodities share an...
Preferred direction: SELL Comment: We also continue to consider sales in gold. On Friday, it is expected that after a slight consolidation, the metal will fall to the level of 1952; the level of 1938.915 is considered as the second target. Thank you for like and share your views!
Not all is equal. And nothing is static. Entropy is the foundation of our world, and it is the bane of a rich man's existence. You collect in one spot, then nature comes up and spreads your work around. Entropy is the unbeatable power of justice. In the end entropy always wins. One has limited amount of time to temporary evade it. Panta Rhei - Heraclitus...
💬 Description: The metal follows the previously planned course exactly. Demand continues to grow, including against the backdrop of the aggravated situation in the Middle East, but in addition, purely technically, sellers cannot realize their sales at the local elites. In the very near future, most likely, Gold prices will go towards updating local highs. In...
Bullish setups galore with one more low possible before the bigger move up. Worth watching all of these for a long term (swing) trade.
$DYL.ax ASX:DYL DYL trading above yearly open and weekly open. Also sitting above Weekly Mid range. Once Mid Range holds looking for price to move back towards range high. Targets Quarterly Open Weekly range high #uranium
💬 Description: The currency pair stood at the level of 1.06745 , which is resistance at the moment. In addition, a lot of interest has recently accumulated at this level, which has been distributed downward. The significance of this current price area is great. I assume that the instrument will come into balance at this level to accumulate positions and...
FCX has formed and confirmed the break down of a Diamond Top pattern and looks to be preparing to come down to around $14, which would align with the 0.786 Fibonacci Retrace. I suspect many other mining stocks will also go down pretty significantly with this.
Preferred direction: SELL Comment: The trend of market participants moving towards safe assets continues in the market. A special place here is occupied by the US dollar, which is expected to strengthen against the British pound. In the near future, medium-term lows are likely to be updated. Thank you for like and share your views!
💬 Description: The price of Gold hovered around 1919 in anticipation of likely further growth. For now, it is expected that the growth will not be very large since there are obstacles ahead for buyers. In this case, this is the level 1948.160 , followed by the next resistance line - 1972.454. Today, market participants are also awaiting the publication of...
I have Listed Silver, Copper, Platinum, Palladium, Aluminum, and Gold into one chart. These are 6 of the top Metals all in Heikin Ashi Candle form. They all have their own complex Fibonacci Clusters within each one. It may look confusing at first. But understand that one set of lines are horizontal extensions and another set are angled extensions within each one.
A move up to 4375 area is likely in the morning to test the channel. I expect a failure but if they get over 4380 they will likely fill the gap at 4404 on spx cash. Us oil needs to get over 88 convincingly to be a solid long, right now it's just chopping around confusing both sides. Gold and SIlver both broke down and now are retesting structural resistance, it's...