Hi, dear friends, nice to meet you in the game to transfer gold price today! On the fourth day, Gold carried out a strong weakness, the price reached the psychological level of $ 2000 but made the adjustment again and lasted to this day. The precious metal is currently trading around US $ 2022 and is close to Fibonacci's 0.5 - 0.618 regression, so the prospect...
Not looking great for the gold bulls after $2,800 late 2024-2025. Might not even break past $2,400 TBH
For those into junior mining stocks, one of the best indicators of a bull run is the TSX Venture Exhange. Typically, when this chart bounces off oversold territory, it has led to strong bounces for most miners on this exchange and the overall mining sector. A positive divergence is forming on the monthly. No guarantee it will hold up, but something to keep an eye...
ECONOMICS:RUGRES The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year. “IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,”...
A huge decision is approaching for silver. My gut is leaning towards a flush down by the banks to really send some negative shockwaves into the PM market. Nothing to do here until we see either a bounce off the arc (or diagonal trend line) or a flush below. Stay Tuned!
Hello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure...
Welcome to a new promising and productive trading week! Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply...
Hello everyone, do you think gold will continue to fall? Today the gold price continues to decline and the price is trading around 2030 USD. On our chart analysis: Gold forms an inverted cup and handle pattern. Current support level is 2017 USD. Accordingly, the 10-year US bond interest rate has surpassed 4%/year. This factor has pushed investors to put capital...
For over two years of publishing on TradingView, we have maintained a bullish stance on gold, which has been marching higher in tandem with our expectations. In 2024, our outlook remains unchanged, and we expect it to continue performing well amid the persistence of institutional interest, global economic slowdown, and geopolitical tensions. However, we also...
Strong action in precious metals, likely to get immediate follow through for the recent bout of strength in Gold here. Low risk entry if you're not involved in this market, upside is pretty good here vs risk, and you can join the long term trend in the quarterly chart I talked about earlier this year. Best of luck! Cheers, Ivan Labrie.
Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will...
Decoding Gold Price Surge: Analyzing the Impact of Fed Signals and Identifying Profit Opportunities The recent surge in gold prices, climbing above $2,000, comes on the heels of significant signals from the Federal Reserve indicating potential rate cuts in 2024. As the precious metal takes center stage, our analysis unveils intriguing insights into the factors...
With the weekly and monthly RSI down, there is chance the DXY will start climbing this wall. However, if it falls through, it could be a positive gamechanger for the stock market and precious metals.
Here's a long-term perspective I have not seen and will be interested to follow. I think bias needs to be removed. The bulls will see a potential shot to the MOON. The bears will see a likely hard spill. NEWS FLASH: This is a new and crazy world! EVERYTHING IS IN PLAY! If this gets above $2200 in 2024, it could be the start of something epic. If we see the...
Gold - TVC:XAU A light hearted post to celebrate this incredible moment with gold pushing to a new all time high at $2,146.61c I wanted to formally invite you all to this very special tea party There is certainly enough golden tea, cups and handles for everyone who want to attend Have a golden Christmas all PUKA P.S. Have a look at my Macro Monday...
Hi Traders! Silver is trading with bullish momentum after its ascending triangle break and is approaching its five-month high at 25.258. Price Action 📊 After the break and close above the 20 EMA, the market has been trading with bullish momentum and then broke above the ascending triangle's resistance. We are looking for further continuation towards the...
KOG REPORT: In last week’s KOG Report we said we would face a difficult week on the markets and will be looking for higher pricing on Gold, and if price did start with a decline, we would be looking for the levels 1970-65 for a strong support before attempting the long trade into the target regions we had above. We gave KOG’s bias level as 1965 bullish above and...
Today's focus: Gold Pattern – Breakout, Continuation. Support – 1988, 1937.60 Resistance – 2018.50, 2050.45 Hi, and thanks for checking out today's update. Today, we are looking at Gold on the daily chart. Today's video asks if Gold will contnue to move higher after yesterday's breakout. We have run over all the signals we see confirming the possibility of...