Gold prices are higher in midday trading Monday, but have backed well down from the overnight nearly seven-year high of $1,590.90, basis February Comex gold. Today’s low-range close hints that the gold bulls have run out of gas on a short-term basis and need a rest, or pause. Meantime, silver futures scored a more-than-three-month high of $18.55, basis March...
The commitment of trader reports is showing large commercial short positioning on Gold and Silver. Gold in particular shows short contracts at all-time highs, this is significant for us to sell Gold on any rallies. Looking at the Gold chart price is re-testing the double top neckline where we can look for short opportunities. On Silver, we need to see the price...
Here is a video I created last night and forgot to upload. Talking about the YEN, GOLD, SPY
- The setups shown in this video are all in Hindsight. I did not take all the setups detailed in the video. - Learn to train yourself to see these examples by going through Price Action from the past and you will be able to see these form in real time and react accordingly. Common names people give to thses setups: Supply and Demand, Support and Resistance,...
because how often do you believe people on the internet
My conviction is strong that precious metals are only beginning their rallies higher, however, we might need to base out first.
Markets are not linear, although I continue to be bullish Gold the risk is that we have one more move lower before the uptrend resumes.
A large bearish pinbar is currently forming off of a key resistance level. Keep in mind that there are a few hours left in the market so this pattern will not be confirmed until it has fully formed as a bearish pinbar and today's candle has officially closed. If the candle does close the day as a bearish pinbar then we could see price rotate lower over the next...
After the FED interest hike yesterday and the hint to expect further hikes over the next year the dollar has reacted by pushing up. Is this a pullback within the short correction or the end of the correction. Here we discuss what to look for over the next few days and how to trade it. This is not investment advice. Steve Nixon Trainer and Mentor
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Gold and Silver is on the lower side of the bollingerbands here, which in the past indicated a buy area. Keep it on the radar screen.
Hi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical...
Details given during the video. * More details available for our Members.