Gold prices climbed higher on Tuesday, rebounding from a two-week low of $2,325. This surge in the yellow metal was bolstered by a softer US dollar and a safe-haven flow amidst ongoing geopolitical tensions in the Middle East. In terms of trends, gold still faces short to medium-term downward pressure as it hovers around the $2,360 mark due to confluence...
New Insights on Fed Kashkari's Impact on Gold Prices in 2024 According to Fed Kashkari's forecast, the number of interest rate cuts in 2024 will not exceed two. This can affect gold prices in the following ways: 🔴 Gold prices may not rise significantly as interest rates remain higher than some investors expected, reducing the attractiveness of gold compared to...
Hello everyone, Brian here. Today, gold prices continue to move upwards following last week's adjustment. The precious metal is trading around $2,345, showing a slight recovery of 0.47% for the day. In the long-term, gold's outlook remains favorable for buyers as prices have touched the 34 EMA line. Personally, I am still targeting above $2,500. What about you?...
Hello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying...
possible deep correction. target price : 20.50$/oz. trade invalidation level : daily close above 33.00$/oz. good luck.
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold. However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal. Regaining this level could propel prices towards the $2,500...
Today, gold prices traded slightly lower on Tuesday as the US dollar gained only modestly amid a sour market mood. XAU/USD oscillated around the $2,420 mark after touching a daily low of $2,406.10. Asian and European indices dipped as investors took profits ahead of earnings reports, while lacking fresh catalysts. The macroeconomic calendar was quiet on Tuesday,...
Americas Gold and Silver is being guided nicely through this Fib Channel. A move higher is possible if the breakout of the descending channel is sustained going into June. Keep your eyes peeled on this chart for the remainder of the decade.
THE KOG REPORT: In last week’s KOG Report we said we would be looking for price to attempt the push up, go into resistance where we wanted to short the market into the order region, and then look for the long trade back up from there on the RIP into the levels above. This went extremely well giving us a pin point move from level to level. During the week we...
AMEX:SLV ETF Inverse Head & Shoulders Pattern & 50% Fibonacci Resistance. Silver will need to consolidate before it can break higher to the blue line. The Inverse Head & Shoulders (IHS) pattern is a bullish reversal pattern in technical analysis, typically appearing at the end of a downtrend. It is characterized by three distinct lows: 1. **Left Shoulder:**...
This might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off.
This copper exploration play is in a GREAT position. Tight capital structure in great jurisdictions and with an awesome management team. It could explode any time now -- especially with copper spot reaching all-time highs. If you're bullish copper, look at this now before you miss the boat. They are also exploring for other mineral plays, such as gold. Above...
Precious Metals bulls: Platinum may be a sleeper. Gold and Silver strength makes the Platinum setup very juicy. Platinum looks set to break its chains and begin its move to retest the $2200 highs from years ago. Given geo-politics and inflation expectations, the bottom may be in.
Today, gold prices slightly declined, returning to around $2377 after maintaining high levels for nearly three weeks. This movement results from investors taking profits following a recent surge in prices. Additionally, the recovery of the U.S. dollar, which increased by 0.2% after hitting a multi-month low, also contributed to the pressure on gold. The U.S....
Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's...
WallStSilver Silver Bugs have had to bear many decades of no euphoric price action Like the saying goes every dog has it's day And in speculation a Bull market in one sector often means another sector get's neglected Things don't move in lock step It's just the nature of speculating/investing which we can't control but also offers us opportunity I believe...
If you are trading Silver, you need to see this video. Be prepared for a sideways melt-up in Silver while the dual Flags play out. Gold will likely move more aggressively than Silver. But Silver will give you two or three opportunities to buy into the lows. Pay attention.