I am frequently asked about my opinion on investing in gold on current market prices.
though I have already expressed my opinion on this subject multiple times,
here is the answer from a different angle.
Analysing gold on weekly we can quite easily identify key structure levels that are important for the market...
The Gold/ Silver ratio is the proportional relationship between the respective spot prices of Gold and Silver. Put simply it describes how many ounces of silver can be bought with one ounce of gold.
The ratio has been on a bearish trend since early July as Silver initiated a very aggressive cyclical rise and despite the early September decline on both metals,...
If it could provide a buy signal and just rip up after that so I can hold a winner and not have to spend all my time being desparate for opportunities and hunt and keep looking at 20 charts... I...
Short-term chart shows a target of 1560 or so, but long-term I see 1800.
Zoom out for a round bottom with large bull flag (cup and handle) pattern that should resolve higher in the next 1-3 quarters.
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY...
though we see some correctional movement on silver
my outlook is still bearish.
currently, the market is standing just beneath the major falling trendline.
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag.
for us, it will be a perfect selling signal.
Please allow me to share with you this Metal (MTLBTC) chart, which looks pretty good to me.
Now trading above the above resistance (in the form of EMA50 and a broken downtrend line), Metal is starting to look pretty bullish.
The low was hit on the 10th of August with a classic and strong bounce as it usually happens after a new low is hit, this bounce generated...
I am currently looking at a possible running flat correction pattern with a more prolonged third impulse.
Expect down move to break the last low of 1459.378 before any chance of turning back up.
Thumbs up & follow for more!
In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum.
Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571).
XAUUSD (Gold) - BUY Orders
Aggressive Entry @ Market Price (approx. 1505.00) with SL @ 1490.00
Moderate Entry @ 1495.00 with SL @ 1475.00
Many pips ahead!
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Metal Pay MTL - MTLUSD Great Buying Opportunity Coming Ahead -
350% Gains Expected! - Don't Miss This One.. :)
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been conformed.
Target Profit Range - 0.43-0.86
TP 1 - 0.43
TP 2 - 0.56
TP 3 - 0.73
very very peculiar sentiment on gold.
if we precisely analyze the price action from the beginning of summer,
we will notice with you that the market was trading in a sharp bullish trend
and, what is crucially important, without correction.
From September, however, the picture has started to change.