#gold vs #copper vs #silver vs stocks "since the money printing started" with QE1, and each having their time in the spotlight as macro narratives change over the years. Gold on top to-date, and it 10 years it will likely still be on top. Few understand this.
Outlining a range of probable upside targets from percentage gain, expanding wedge, and fib extension. Who knows, but If expanding wedge breaks to the upside, fireworks.
This Renko candle chart creates a candle in $35 increments. Time is not a factor. That's why the chart says $1820, but price is $1840 in reality right now. $1855 is our next upside candle creation price. The bottom indicator just counts consecutive candles. See a trend?
I worry for the uranium sector. Not because of the fundamentals, but because it seems that "the life changing gains" were only experienced during strong moves in stocks. The Cameco $ccj chart does show promise though, I see a {Livermore accumulation cylinder} in the making.
Possible roadmap here, taking the thin volume down to support.
#gold to #copper ratio monthly linear chart, very textbook bear flag, indicating a probable chance for copper to out-perform gold in dramatic fashion if it resolves to the downside.
Would like to see gold pop this bigger channel before more downside happens. $1850 is current resist on a weekly close basis.
bitcoin on weekly momentum and price, is hanging on by a thread. The line in the sand. Historically, it has dumped into a final low after crossing red line on the momentum chart. Support at 19k then 12k.
Our weekly hammer, as of the morning of June 3, is only 1/4 of the way down between Bollingers. Daily has an engulfed candle. I think it's bearish.
Possible diamond reversal on 1 hr time frame. Possible diamond reversal on 1 hr time frame.
Nice rejection by 200 day MA. History repeats here. A probable expectation, based on the last unwind from it's blow-off peak, is a target of 11k, and a minimum recovery time to the ATH of 1099 days, or around November 2024.
Once the bitcoin of battery cars sector goes ( $tsla ), what happens next is not for weak-handed. #lithium
since Sept lows, platinum has taken the helm from silver as the most volatile precious metal, with bigger upsides, and bigger downsides.
Keltner Channel analysis: I think this rejection so close to the bear flag support is a major warning shot fired.
gold daily: here's a realistic expectation incl a bull flag. Feelslike Feb 2019.
#nasdaq futs looking like probable IH&S after back testing multiple supports
gsr monthly, big bearish candle, lost 200MA. more words to get it published
$1,025 is the big support/resist level for platinum, we touched again today. palladium waking-up at the same time as #platinum is the perfect PGE/PGM storm. Inverse head and shoulders on the 4h. see my palladium futs chart.