As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if...
Forming a ugly pattern. It might be signaling a deflationary collapse in equity prices (liquidity crisis) on the horizon. Especially when everyone is saying "inflation inflation!" Markets will likely go the opposite and will wipe out all the "inflationary" and "pent up demand" traders. Remember there's never enough money in the system for everyone when they need it.
Guys gold were reach the support but they have breaks it so large sell were occure but they not break so the trend of gold is reversed and they gone to buy trends So do you any trade in gold very carefully
Gold has been falling hard recently and is now on the trend line relative to price before COVID. Will it find support here for a rally or will it keep slowly sinking down to the bottom of the channel or trend line? It really feels like money is shifting into crypto and gold is not the cool kid any more. However, if I learned anything over the past year is that...
Bitcoin dominance made a higher high from its January 2018 all-time low just a few weeks ago! It is currently battling the 200-DMA, if it continues to push higher this crypto run is probably over! Tune into my livestream on Gold and Silver at 6:30pm EST! All your questions and opinions will be answered! :)
Hello,Traders! What an interesting chart I've discovered right now. A chart from the era of the bi-metallic monetary systems Where both gold and silver were used to mint coins However, history aside, the chart is very telling And we can see that gold is overvalued in relation to silver And the breakout of both the rising channel and a massive ...
We have also retraced 50% from the march lows to the top
Hopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time. We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855. Further we had a nice inverse head and shoulders break today...
Gold broke and closed below a support line of a rising parallel channel on hourly chart. The breakout was initiated after the price reached a strong horizontal resistance. Now I expect a bearish move. Goals: 1792 / 1775
Berkshire Hathaway dumped Barrick Gold shares entirely in Q4 2020, Blackrock dumped Gold for Silver, Banks think Gold will close 2021 below $1800, Gold Weekly close below 50 week Moving Average. CFTC COT Weekly report shows that Money Managers (hedge funds and similar institutions) continue to close more long positions without actually opening short positions.
Additional comparison with the MOVE index, a sister to the VIX which measures volatility in bonds (as opposed to the S&P500). The fed may be forced to control the yield curve, a move that many see as inevitable and generally, positively correlated with the precious metals' performance. I'll add to this thread as I learn more, interview with danielle dimartino...
Gold is trading on a strong daily support. Harmonic ABCD was formed. The price formed a nice dodji candle after a pattern completion. Based on that I expect to see a bullish move next week. Goals: 1811 1840
KEEP monitoring the DOLLAR and EURUSD price action. They will decide which Path (CYAN or YELLOW) is more LIKELY. A RISE in GOLD will support SILVER
Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle. At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long....
Gold seems to be making somewhat of a corrective flag. Waiting to see how price reaches 1835 zone and then will short depending on price action. First target would be the 1786..