Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is...
Copper is trading inside a Channel Down pattern that is approaching the bottom of a Rising Megaphone pattern. The price is almost neutral (RSI = 44.491, MACD = -0.036, ADX = 22.406), stuck between the 1D MA50 and 1D MA200. As the RSI is on the S1 Zone as well, the conditions for a longterm buy are pilling up. First we target the Channel Down top (TP = 4.1000) and...
Gold/ XAUUSD is trading inside a Channel Up with the price near its bottom. It is the closest it has been to the 4hour MA200 since March 10th. If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935. If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070. Previous chart: Follow us, like the idea and...
Yesterday's long recommendation was validated by the Market, Gold still remaining exactly in the middle of the rising trend channel. Therefore, in the medium term I keep my prediction long, although at the American reopening, some volatility is possible during the first session.
As you can see from the past analysis left on the chart, gold is in a rising channel. However, given the volatility and the unit of time analyzed, there may still be days in which it decreases. But as long as it stays in the area of this channel, and if we do not trade Intra-day, the prediction for Gold is Long.
Inflation blocks the metals and this can be seen perfectly on the chart. It depends now on how long. Ptedictie Short today on Gold, and the rest of the metals.
Bullish cascading formations for GOLD, which seems to aim upwards. As long as the chart stays that way, and because we are in the week of inflation, the prediction for Gold remains long! If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will publish...
It hasn’t been easy for the bulls in the gold market to defend the upward movement, as the bears were able to pull the price back down around the crucial mark at $1742. In order for our primary scenario to stay intact, we need the bulls to push for another run to reach $1782. From there, we should see a small correction before additional increases in the...
SILVER, D1: Support line + Side of Bollinger bands + Hidden divergence + Oversold + Hammer
Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence...
Right from starting of the week , its been bullish movement for GOLD, I like to remind everyone its starts with Bullish Engulfing candle on Monday, Engulfing candle set up favours gold with bullish momentum all over the week to reach the 1710 which is going to be the yearly high .... hope tomorrow it stays with sideways before reach the top...
Monday was a very busy day in the financial markets in terms of price dynamics. The tone was set by China, which opened its stock markets after a long vacation. Expectedly, the market collapsed despite unprecedented restrictive measures by the Government and an infusion of nearly two hundred billion dollars from the Bank of China. The Shanghai Composite Base Index...
Platinum posted a strong rebound on the 871.00 October 2nd low and is currently rising on 1D (RSI = 62.934, MACD = 2.660, Highs/Lows = 16.6714) towards a new Higher High. The Higher High is designated by the 1M Megaphone pattern it has been trading within since August 2018. The 1D RSI patterns suggest that a new bullish leg may start without needing to make a...
Hi, A bit risky trade opportunity but some price action criteria matching almost perfectly with each other inside the blue box. It is a counter-trend trade and that's why it is pretty risky! Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only...