preciousmetals

Silver would be rising tremendously since there has been so much tension going on over the last few weeks, but there is so much resistance from major trend-lines that its staying leveled. Within the next few days, tension will ease and silver/slv will inevitably fall.

There are many rabbitholes to dig deeper into, one of which are the coincidental total solar eclipses occuring specifically over a continent only viewable in that region in history corresponding with happenings. 1612 Africa, 1776 USA, 1914 Europe, 1918 Viewable for usa, 2017 USA, 2024 USA. There are many more ofc (not sure if the dates are right, taken out of my ...

Gold is currently moving higher however, looking at the daily chart , we can see that the last down move on gold created a lower low. While that lower low was not significantly lower, it is still a sign of weakness & should be noted. We learned in Section 1 & 2 of my "How to read structure tutorial", when we should begin to look for a trend reversal & the simple ...

Hey Traders, We are seeing a Bullish Flag Pattern on Gold. This Pattern is easy to see on the lower timeframes as it has not fully developed on the higher timeframes yet. I am showing this Flag Pattern on the 30 min Chart. I plan on entering a Long position if price can break out of the Flag Pattern & then have a shallow retest near the yellow area highlighted on ...

Hey Traders, I recently posted an idea regarding Gold & a possible reversal coming in the metals. We got confirmation that the metals have reversed trend on the 4hr chart therefore I have closed my long position and opened a new short position to take advantage of the weakness in the metals. We are seeing a Head & Shoulders reversal along with a bearish flag ...

Hey Traders, I recently published an idea regarding Gold being in a long term Symmetrical Triangle formation. I expressed that the target for that trade would be close to a $330 move!! We do not know if this is a false breakout therefore I would not recommend treating this like a breakout yet. I am personally waiting for entry based on a couple different ...

Hey Traders, Gold is at a crucial price level right now and we need to keep a close eye on how traders react to this level. We have continued to get round after round of bad economic data & this is beginning to look like 2008 all over again. With that said, this doesn't mean Gold is going to go higher. Gold may actually go lower and continue its long term ...

Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.

This chart originally published about a year ago anticipating a low being formed around 1150 zone did not get follow though and the price action developed a lager falling wedge resulting in eventual low which now seems to be established in 1050 area. Due to this protracted agonising ending diagonal chop, it has whipped up bearish frenzy leading to make wild ...

This is not a clear sell. Even tho the price has been around 1292-1295 this time around there are some room for it to continue higher. If price falls down below 1260 and through the 7 year triangle line that then becomes resistance again --> strong sell signal to the 5th leg at 1200ish. Trump would be in big trouble if the stock market crashed so he will do ...

Using 50 and 200 week moving averages, GLD is currently consolidating around $120.

I think the silver-market now is cleared from all the weak hands and any stops below the technical important levels around and below 15.80 USD. Of course technically the chart is currently broken but I believe the 12 months correction has ended with a final capitulation that now opens up the door for a new multi-months rally. If gold can indeed move towards 1,500 ...

Hey Traders, I have put together a few brief charts to break down recent price action & show some important price levels that we need to pay attention to in order to understand where price is likely to go over the next couple of months. As of right now I am bearish on Gold as the short term trend is down. The chart below shows what needs to happen before I will ...

Dollar dead?

Gold remains very bullish here despite any overbought readings.. The breakout above the 6-year downtrend-line is super super bullish. Its the strongest signal for gold since 6 years !!! With the slow stochastic oscillator being embedded the rally will very likely continue over the coming days and weeks towards 1,295/1,300 USD. From there we should or could get a ...

Hey Traders, In this idea, we are going to take a look at the recent price action of Gold. I am seeing a couple different patterns that may indicate where the price of the metals are likely to go next therefore we will be taking a look at how I plan to trade these patterns with the probabilities in our favor! I will also be sharing a couple crucial elements to ...

Considering the fact that Usbonds, Usdollar index have been tanking for the entire year, FED continues to raise rate hikes in this crazy inflationary environment, Stocks (DJI, S&P500) are in a Tripple Divergence, US debt ceiling is reached "http://usdebtclock.org/" One must wonder if Gold really could tank to the lower daily trendline of 1180. I tend to believe ...

SIlver is right on the brink. It must bounce off the $16 long term trendline or the bulls look to be defeated and will have to start again. I am marginally in favor of finding support and remaining in the chanel. Beyond this $14 and $11 will be key levels, the latter of which would be roughly the inflation adjusted bottom found in 2008/9.