preciousmetals

Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region. What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...

Hi Guys, this is the bull run made by Gold since mid-Aug'18 which follows the guidelines for Applying Elliot Wave Theory. Here are some links for easy reference: stockcharts.com Just to note that the end of the above wave 5 is the letter H in the daily chart that...

Hi Guys, the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset. For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing...

Hi Guys, here it's where Silver is in respect of its position prior to the 2008 Financial Crisis. Please watch the RSI and note the shift in sentiment that has been persistent since 2014. Silver has been in Low Sentiment for the last 5 years. Sentiment was runnung high before the 2008 Financial Crisis but fear drove money out of other markets into safe havens...

Hi Guys, double bottom supporting at $14. 2nd bottom forming in divergence with RSI oversold. 230SMA stopping the pull back and pushing down as in 2016. IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18. Otherwise, IMHO, if support at $14 is breached, Silver will probably keep...

Hi Guys, I was doing a work on the 1H chart but I wanted to post this first. I hope the idea is clear...not sure about how that handle may unfold though. On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls. If I am correct, a break below 1300 may prompt a further extension of the correction of the bull...

As the price breaks out of parabola with clear RSI divergence on the daily. this is expected to retrace anywhere between 40 and 80% of the 500$ move. Initial target 1360 over the next month.

Hi Guys, this is what I see on the 4H chart. Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then. To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the...

Technical Analysis and Outlook Currently, we do have confirmed further down move to Key Sup $1260, all long entry at this point is off - till otherwise confirmed by the Phase 2 of Stage 5 confirmation - buying opportunity will emerge. On the upside, we have Mean Res $1308, and further up Mean Res $1322 and Key Res $1241 once the hell up-breaks lose. (For the...

Hi Guys, tops are descending into 1285. sentiment diverge but bears keep pushing. Gold has been going up & down on support at 1285. On Thursday Gold seemed to pull back (V-shape formation) but nothing happened. I am seeing a lot of cups which may be the first signal that I am losing my mind. C'mon, get a grip Marshall, let it go, Gold is not pulling...

Technical Analysis and Outlook Gold entry on April 4 did not materialize as projected. Currently, we do have unconfirmed further down move to Mean Sup $1260, all long entry at this point is off. The upcoming Stage 5 will be somewhat delayed until the Gold completes its retracement move - We now have to wait and see. On the upside, we have relatively weak Mean...

Hi Guys, this is the handle I am referring to. AToW 100SMA keeping the pullback under control. This may offer a better idea of the activity inside the handle. Click & Play to watch it unfold. Thank you for your support and for sharing...

Hi Guys, the title speaks for itself. The trend is still down below 200SMA but the building divergence with RSI at 1285 may well favour a pull back into the 200SMA but AToW 50SMA still pushing down. OTOH it could still push and break below 1285 before mid week13. Don't forget the Cup & Hanlde Formation and the Bull Run started mid-Aug'18 which Gold is now...

Hi Guys, at the end of week12 price exited the distribution channel started in week9 and dived from 200SMA to built what IMHO is a short term support just a little bit above 1285 with 50SMA pushing down and stopping the pullback right at 1300. The pull back may extend into the 200SMA following divergence with RSI on Friday but only if 50SMA is crossed and...

Hi Guys, in 2016 Silver made a bottom at 14$. At the end of 2018 it made another bottom at 14$. In 2016 price pulled back right into the 1000SMA. In 2018 Silver pulled back too but price have not touched yet the 1000SMA. In view of the above IMHO there is no need to enter the market at this stage. First need to build support above the pink 0.618 Fibo. When...

Hi Guys, I started this work on the 1H chart but I am posting 4H. On the 1H chart I was trying to find a long SMA to support the move made since end 2018 beginning 2019 and found the 1000SMA. On the 1H chart the 1000SMA worked well as support and then resistance but it was too compressed. I tried the 4H chart and noted that the 1000SMA was working very well as...

Hi Guys, at the end of week12 price exited the distribution channel started in week9 and dived from 200SMA to built what IMHO is a short term support just a little bit above 1285 with 50SMA pushing down and stopping the pullback right at 1300. The pull back may extend into the 200SMA following divergence with RSI on Friday but only if 50SMA is crossed and...

Technical Analysis and Outlook With Gold getting smacked due to massive market makers interventions there is ample opportunity at this point by paying attention to very well established Key Sup $1280. The upcoming Stage 5 is pointing to Mean Res $1322 as an intermediate target and Key Res $1241 further on. (For the latest market talk, please see the site 'Market...