Remember, what seems cheap, can get cheaper!Still downwards pressure for miners priced in gold, with important "walls" created along the way.
No need to front run any potential reversal.
Remember, what seems cheap, can get cheaper!
#gold #miners
XAU - Rising Trend Channel [MID TERM]🔹XAU is in a rising trend channel in the medium long term.
🔹XAU had a strong fall after the negative signal from the DOUBLE TOP formation at the break down through the support 133.
🔹Supported at 120, which may give a POSITIVE reaction.
🔹RSI is below 30 after the falling prices of the past weeks.
🔹Ov
XAU trouble for gold n silver is here The chart posted is now setup with a Negative Divergence see RSI I am buying puts in slv and gld this week
GOLD looking a little toppish with H&S forming We have an unfilled gap around 100 with bearish signals flashing left and right... That's okay, Gold holdlers, slide on over to Crypto, the water is fine! I do think Gold will recover, this is just a mid term retrace IMO...
Gold trading in 2023: Is now a good time to invest?Are you thinking about investing in gold in 2023? With the increasing financial uncertainty around the world, many traders are looking to gold as a safe-haven asset. In this article, we’ll take a look at the XAU big picture and what will be driving prices in 2023.
Overview of gold charts
Gold has
Cosmic Angle XAU short term outlookThe chart points paint a long-term bearish outlook but there are a few signals showing short-term bullish potential. Since the current momentum is bullish the next major level to pay attention to is the "top of the Cosmic Gravity inner channel", where the target is set. The stop is set above betwe
Too optimistic?Expanding wedge forming, fake breakout below lower support and some flattening positive divergence on RSI? Recent price action in Gold and silver has been positive. Will it hit end of orange line by Feb 2023?
XAU $XAU Initial LongXAU $XAU Initial Long. This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: XAU is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and
XAU - Gold is in bullish trend, may accelerate soon🌙XAU Globally
We broke throught huge trendline, this breaking bearish trend and becoming bullish once again
XAU Locally
We stopped before important level at 110 and currently accumulating power below it. Accumulation looks healthy and is 27d old right now.
After more squeezing it may be a good i
XAU & Silver Sector If this plays out as such, the DXY still has more upside to go. XAU & Silver will be great to stack up on in the next weeks-month or so. Patients is key and time is the real currency ;)….
See all ideas
Frequently Asked Questions
The PHLX Gold and Silver Sector Index is comprised of 30 instruments including NYSE:FCX, NYSE:NEM, NYSE:AEM and others. See the full list of PHLX Gold and Silver Sector Index components to find more opportunities.
The highest-priced instruments on PHLX Gold and Silver Sector Index are NASDAQ:RGLD, NYSE:FNV, and NYSE:AEM - they'll cost you 120.41 USD, 119.32 USD, and 62.92 USD accordingly.
The champion of PHLX Gold and Silver Sector Index is NYSE:BVN - it's gained 109.72% over the year.
The weakest component of PHLX Gold and Silver Sector Index is NASDAQ:SSRM - it's lost 64.02% over the year.
The current value of PHLX Gold and Silver Sector Index is 133.05 USD — it has risen by 0.15% in the past 24 hours.
PHLX Gold and Silver Sector Index value has decreased by 0.84% in the past week, since last month it has shown a 10.58% increase, and over the year it's decreased by 0.93%.
PHLX Gold and Silver Sector Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy PHLX Gold and Silver Sector Index futures or funds or invest in its components.
The lowest ever quote of PHLX Gold and Silver Sector Index is 38.36 USD. It was reached on Jan 19, 2016.
PHLX Gold and Silver Sector Index reached its highest quote on Dec 7, 2010 — 232.72 USD.