Bullish on Gold and Silver
Do you remember the previous post? 😉
Gold and silver moved as we expected. They showed some weakness in reaching the "Nice areas..." I highlighted this in the previous chart.
So what's next?
As I think we will see another rate cut from the US Fed I think that would be a decent driver for Gold and Silver to get a bit more stronger and don't go lower than the "Nice areas" that I highlighted.
For Silver, I see a very good potential for a move higher towards $36 (I hope before February) and for Gold, I think we can expect a bit more strength from buyers to push Gold to $3000 this year on a slow and steady pace.
Stay tuned for the next updates . . .
Silver
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SILVER My Opinion! SELL!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 31.108
Bias - Bearish
Safe Stop Loss - 31.335
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 30.689
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
$50 Silver"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities
Price target = $50
Fractal backbone + Room in technicals for such move.
Price target was established in June 2021.
Time frame pushed up in anticipation of 2023 bear.
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
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XAGUSD - Silver will return to its upward trend?!Silver is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the trend line breaks and continues to decline, we can see the demand zone and buy within that zone with the appropriate risk reward. Stabilization of silver above the resistance area will provide us with the path for silver to rise to the supply range.
The CIBC bank forecasts that silver prices will average around $35 per ounce in 2025, maintaining this level through 2026. By 2027, prices may slightly decline, averaging $34.50 per ounce.
Analysts at the bank expressed a bullish outlook on gold and silver markets, citing preparations by global markets to deal with the unpredictable policies of Trump’s administration. Last month, the president-elect threatened to impose a 25% tariff on imports from Mexico and Canada if they fail to tighten border controls. Additionally, he warned over the weekend that a 100% tariff might be applied to the BRICS bloc if they develop a settlement currency to bypass the U.S. dollar.
Analysts stated, “We anticipate that higher tariffs, the potential for trade wars, lower interest rates, and deregulation will all support rising gold and silver prices.” They added, “We believe that Trump’s tariff policies could provoke retaliatory measures against U.S. exports, thereby fueling inflationary pressures.”
Performance of Gold and Silver in 2024:
• Gold has surged by 29% this year. Following a 3.4% increase in October and a 5.2% gain in September, gold prices declined by 2.5% in November.
• Silver also rose by 29% in 2024. However, after advancing 4.3% in October and 7.9% in September, silver prices fell by 5.2% in November.
Throughout 2024, gold has repeatedly hit record highs, breaking price ceilings 39 times. However, silver has yet to return to its previous bull market peak of $50 per ounce. While this may be disappointing for silver enthusiasts, historical trends suggest that silver often lags behind gold during bullish cycles, only to later outpace gold explosively. This lag presents an excellent opportunity for investors looking to capitalize on potential gains in this market.
Meanwhile, the market’s primary focus remains on the release of today’s Non-Farm Payroll (NFP) report and potential signals from Federal Reserve officials ahead of the central bank’s communication blackout, starting at midnight on Friday.
The most significant signal so far has come from Christopher Waller, a Federal Reserve Board member. Waller expressed willingness to support a rate cut in December, but noted that this decision depends on forthcoming economic data. He specifically highlighted the NFP report as one of five key indicators under consideration but cautioned that these figures might be distorted by factors such as October’s strikes, post-storm economic activity, and the upcoming elections.
Currently, markets estimate a 70% probability of the Federal Reserve cutting interest rates at its December 18 meeting. This likelihood has dipped slightly from 75% earlier this week but has remained unchanged since Monday.
In addition to the NFP report, scheduled speeches from several Federal Reserve officials—including Bowman, Goolsbee, Harker, and Daly—are planned for Friday.
Silver's Next Big Move: A High-Probability Trade to $34.88!This trade is based on a clean 4-hour FVG (Fair Value Gap) setup. The FVG displaced above a short-term high, confirming a bullish structure shift, and subsequently retraced into a high-probability FVG. This type of retracement often offers strong entries with minimal risk while aligning with the higher timeframe directional bias.
Key Levels to Watch:
- Entry Zone: Within the retraced 4-hour FVG.
- Immediate Target: HTF (Higher Timeframe) buyside liquidity at 34.88981.
- Stop Loss: Positioned below the 4-hour FVG to protect against invalidation of the setup.
Conclusion: This setup leverages a textbook ICT concept, utilizing displacement and retracement into a high-probability zone. If the price continues respecting the FVG and bullish structure, the HTF buyside liquidity target at 34.88981 becomes highly achievable.
DYOR (Do Your Own Research)!
The Anomaly Price Event May Hit Before December 31Just before the US Presidential Elections, I published a detailed research report suggesting the markets may move into a low-liquidity event that could be very dangerous for traders.
My Adaptive Dynamic Learning (AI) predictive modeling system highlighted a range of price volatility just after the election showing a very real downward price event. If this event takes place, we may see the SPY/QQQ fall more than 5.5% while other sectors may fall more than 10.5%.
What is interesting is the post-election rally pushed some SPDR sectors above the upper ADL predicted price range. This means price is now very overbought in terms of expected levels.
Any reversion could prompt a very solid downward price move and catch many traders by surprise.
I'm watching my Crash Index and the XLF & XLRE sectors for any signs of a breakdown.
I suggest all of you move to protect capital as we move into the end of 2024 and prepare for what may become a very violent and volatile Anomaly Price Event.
Get some.
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SPY/QQQ Plan Your Trade For 12-05 : Flat-Down PatternToday's Flat-Down pattern may continue the rolling top pattern in my Crash Index - suggesting the markets are consolidating after the post-Election rally phase.
I continue to warn traders this low liquidity market phase will likely prompt some very big volatility in price action between the election and, roughly, January 5-10. Stay cautious.
I believe the markets are starting to revert a bit downward and I believe this is a very healthy move for the markets - especially after the post-election rally phase.
We need the markets to resolve back into a moderation phase before attempting to make another bigger move to the upside. So, watching the markets potential roll over and fall about 3~5% would not surprise me.
Gold and Silver are moving into a fairly strong rally phase. This could be coupled with a moderate US Dollar decline.
Bitcoin rallied above $103k over the past 24 hour - WOW. Buckle up - the Bitcoin crew will be out in force with their memes and other comments.
Remember, play these market moves safely. If you can afford to take the lumps, don't trade too much capital with each trade.
Going to be a very interesting holiday as I believe liquidity will continue to erode and present even more volatility.
Get some.
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SPY/QQQ Plan Your Trade For 12-04: Top PatternToday's Top pattern suggests the SPY/QQQ will run into resistance in early trading and roll downward at some point after reaching resistance.
I see the markets opening much higher this morning as the SPY/QQQ are both broadly rallying overnight.
This type of GAP UP opening often leads to the identification of price resistance and a rollover topping formation where price attempts to trail downward to fill the GAP.
The concept that my SPY Cycle Patterns new this was likely many months before today's price action happens is rather unique. And this is why I love my SPY Cycle Patterns.
The is no other place where you can attempt to clearly see into the future like using my SPY Cycle Patterns.
Gold and Silver are still struggling today - but should attempt to make a rally move higher over the next 5+ trading days. Until we break above the Flag High level, Gold and Silver are trapped in a sideways price range.
Bitcoin is also trapped in a sideways price range after reaching recent highs.
As I warn in this video - be prepared for very unusual price action and events over the next 30+ days. I believe we are about to see some very unusual political and economic events play out.
Keep a healthy CASH reserve and trade small quantities right now. Better to protect cash than to risk it on unknowns right now.
Get some.
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What’s Flowing: XAU/AUD Bullish MomentumKey Observations:
1. Support Levels Hold:
• XAU/AUD has established strong support near 46,800 AUD, forming a base for a potential rebound.
2. Trend Reversal Indications:
• Volume Profile Analysis indicates buyers stepping in around the Point of Control (POC), confirming accumulation in the lower range.
• A breakout above 47,637 AUD highlights bullish momentum gaining strength.
3. Bullish Targets:
• Short-term target: 48,253 AUD, aligning with the Value Area High (VAH).
• Extended target: 50,000 AUD, should momentum sustain.
4. News Flow Insights:
• Positive sentiment in gold markets due to global uncertainties and potential rate adjustments.
• Market talk highlights consistent buying, especially in regions with heightened demand like India and China.
5. Risk Management:
• Stop Loss: Below 46,800 AUD.
• Take Profit: Incrementally at resistance zones (48,253 AUD, 50,000 AUD).
Context:
XAU/AUD reflects a favorable environment for safe-haven assets amidst global market uncertainties. Gold’s bullish seasonal trend adds strength to the outlook.
This is an excellent opportunity for traders and investors seeking upside exposure. Stay tuned for updates!
Metals & Miners Are About To EXPLODE HIGHER (50%-100%+)Please don't miss this opportunity.
I've been studying the metals charts, and last weekend, the SILJ chart caught my attention.
I started looking at longer intervals (Weekly and Monthly) to see what I could find.
XME and SILJ are showing excellent Inverted Excess Phase Peak patterns that may resolve as a breakaway upward price trend over the next 8 to 24+ months - sending both XME and SILJ over 40-50% higher at a minimum.
This sounds crazy, but Metals and Miners are probably the best opportunities for swing position trading right now as hedge investments and/or very long-term options play.
There is nothing else out there that has a 100-200% rally potential and the ability to hedge against global risk factors.
I believe SILJ, XME, Gold, Silver, & Platinum will likely be HUGE WINNERS over the next 12-24+ months.
Get some.
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SILVER: Price Action & Swing Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside.
I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day.
My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ.
Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along.
I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit.
Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k.
I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely).
Remember, if you can't take the lumps, stop and rethink what you are trying to trade.
Get some.
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SILVER Is Going Down! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 30.989.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 28.202 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SILVER BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 29.618 area.
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SILVER Buyers In Panic! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.622 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.343
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Silver Moving Up to 37 & 44Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up.
It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5.
As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to 37 and 44 approximately.