Hello traders, Today, gold has paused its trading activities, but a quick glance at the analysis chart reveals that the long-term uptrend has returned as expected. The precious metal surged above $2400, driven by strong momentum on Friday. The Bollinger Band indicator shows that gold has moved above the upper limit of the band, establishing $2375 as the new...
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...
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 $2377 after maintaining high levels for nearly three weeks. This movement results from investors taking profits following a recent surge in prices. Additionally, the recovery of the U.S. dollar, which increased by 0.2% after hitting a multi-month low, also contributed to the pressure on gold. The U.S....
Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's...
possible sell around these levels before making new highs. looking for sell setups. for both gold & silver. invalidation price : daily close above 2450$ / oz. good luck.
possible deep correction. target price : 20.50$/oz. trade invalidation level : daily close above 33.00$/oz. good luck.
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.
Today's gold market shows a modest rebound, with the metal trading at approximately USD 2343, reflecting a 0.34% increase since yesterday's notable decline. However, there are emerging signs that gold may be shaping into an inverted cup and handle pattern. Should this pattern fully materialize, it suggests the possibility of a further downward adjustment,...
Hello everyone, Brian here. Kicking off today's trading session, gold has taken a dip following its strong rally at the close of last Friday. As of now, the precious metal has shed over $10, reflecting a decline of 0.48% for the day. Looking ahead, gold is expected to face more short to medium-term corrections. However, from a long-term perspective, investors and...
Hey folks, Brian here. Today, XAUUSD is making a comeback on the track with a recovery since its last touch at $2300 USD, now trading around $2350 USD, marking an increase of nearly 500 pips. On the 1D chart, XAUUSD is regaining bullish momentum after touching the EMA 34 line, signaling long-term growth prospects are still intact.
Gold Update: According to the weekly report from the US Department of Labor, the number of initial unemployment claims in the country has risen to its highest level since August last year. In the week ending on May 4th, the number of initial unemployment claims in the US increased by 20,000 compared to the previous week, surpassing expectations, reaching...
Bullish yes... BUT!!! With a warning. If I am looking at this ratio you can bet your Ass the Bankers are also watching this ratio. The Mayer multiple is a friendly tool giving us a potential sell target.
In our video on 6 May we suggested that gold may be charting a bullish falling wedge. The precious metal has now broken out and is moving upwards from that pattern. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs...
It could be a HOT summer for the gold and silver bugs And the speculators in the mining sector! WPM ( formerly Silver Wheaton #SLW) Has a broken out of a inverse head and shoulders Two targets provided Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.