Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's...
Analysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward...
Hello everyone, Brian here! 👋 Today, gold continues to move within its descending channel, and my focus remains on selling opportunities: Friday Market Update: As we head into the weekend, gold maintains its downward trend. The liquidity range for SELL positions is currently between $2316 and $2320. Key Levels to Watch: Upper Breakout Level: $2325 Lower...
Gold Market Recap Price Movement: Current Status: Gold dropped back to $2310-$2315 after briefly rising. Reason: Fed’s signal of only one rate cut in 2024 due to high inflation led to this pullback. Key Economic Data: CPI Data: May CPI was flat, and core CPI rose 0.2%, both below expectations. Dollar Impact: The USD Index fell by 0.6% after the Fed's...
OANDA:XAGUSD OANDA:XAUUSD The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look...
Hello everyone, this is Brian. Let's take a look at today's gold prices! Gold has experienced a favorable recovery today. Currently, the metal is trading around $2,370, up by approximately $40 compared to the same session yesterday. Looking at the 1D analysis chart, gold rebounded as expected upon reaching the dynamic support level of the 34 EMA. The long-term...
In the upcoming period, according to the 4-hour chart, a clear downtrend is evident. XAUUSD has fallen below all its moving averages, which currently lack a defined direction. Additionally, a pullback has been halted by the EMA around 2,339.10. Technical indicators are significantly below their midlines, suggesting a further decline if the pair breaks below the...
Gold prices (XAU/USD) faced renewed selling pressure on Tuesday, dropping to the $2,316-2,315 region, nearing the multi-week low hit the previous day due to modest strength in the US Dollar (USD). However, the USD's recovery from its lowest point in over two months lacked momentum, as more investors began to accept that the Federal Reserve (Fed) is likely to...
I think generally metal prices are having a pullback at the moment including $XAUUSD. Silver on the weekly timeframe has a support zone @25-26 and if that wont hold then there is a chance to hit 21-22{Least likely though} Entry now 29.500 SL 30.100 TP1 27.500 TP2 26.100 Alternatively upto 22. Timeframe : weeks to months
XAUUSD Was rejected recently from ATHS - 2450s now fighting to stay above 2300. I still believe that the price has to move lower to find demand before moving back up. Next area to be tested will be 2300. Areas of support are 2300, 2260, 2200 and finally at point marked A Area. Long term trend- Bullish Short term- Sideways to bearish Let me know what you...
Hello everyone, Brian here! What are your thoughts on the gold price today? Gold is continuing its downward trend after completing a correction phase. Currently, it is trading around $2329 and is experiencing a significant decline due to the rising U.S. Treasury bond yields and a stronger Dollar following last evening. Additionally, the upcoming PCE report this...
No words needed for this chart! This multi-decade descension is coming to an end soon.
Hello everyone, Brian here. Today, gold prices continue to move upwards following last week's adjustment. The precious metal is trading around $2,345, showing a slight recovery of 0.47% for the day. In the long-term, gold's outlook remains favorable for buyers as prices have touched the 34 EMA line. Personally, I am still targeting above $2,500. What about you?...
Hello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying...
possible deep correction. target price : 20.50$/oz. trade invalidation level : daily close above 33.00$/oz. good luck.
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold. However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal. Regaining this level could propel prices towards the $2,500...