THE MAJOR TURNING POINT IN GOLD AND SILVER IS ABOUT TO COME BUT ECONOMY AT GLANCE-Yellow metal was trading around it's psychological resistance-$1200 from almost two days but finally today it broke above and reached almost $1216, our trailed stop loss for our short-term trade was set at our entry price@1210, so we got nothing from this particular position as this was a risk-free trade. However gold wasn't even able to hold $1216 level for two minutes and at the time of publishing this report trading at around $1211 while white metal is at $14.13 Gold and silver prices have made little gains today but is it sustainable? one may wonder that gold and silver pushed above their major support areas so it means bulls are coming back with full force and now that's the turning point we all are waiting for Right?
wrong we certainly don't think so-we witnessed a slight sell off in the U.S. equity market today which aids some upward movement in precious metals sector however personally these small corrections means nothing to us,we always try to look at the big picture,anyways Today was the day for the release of the consmer price index about which we informed you already in our previous post which met with the expectations of those who beleived that inflation is not an issue in the U.S. yet-These report aids more strength to investors who are relax about the U.S. equity,inflation and world economical health-we also witnessed the steep slide in oil prices where Nymex crude oil futures prices hit an 11-month low yesterday.we also witnessed some dispute between EU officials and italian goverment and as a result italian bold yeilds surged in a significant manner-The U.S. dollar has made a small insignificant correction today but overall it seems The U.S. dollar index has a significant room to move upwards as we aren't seeing any clues by which investors should be afraid about the equity market sell off or the world economical health-Adding all these factors seems not good for precious metal sector atleast for coming months( our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The non- fear factor can be seen in the financial market stress index published by the St -0.80% Louis Federal Reserve and the CBOE Volatility Index 6.14% ($VIX), also known as the fear gauge)
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold 0.69% likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
Please, note-We do believe the major turning point in gold and silver is about to come in coming months but before that happens it's crucial to understand that the precious metals sector hasn't made their bottom yet, there is enough room for prices to go lower before we witness a substantial rally in gold and silver prices.
overall it seems that our long-term position in gold 0.69% and silver 0.57% will be highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started(short-term signals for gold and silver will be delivered soon to subscribers,and please stay intact in our long-term positions as we do believe profits are likely to much higher soon)
Xagusdshort
YOU IGNORED US NOW FACE THE CONSEQUENCES we witnessed the equity market correction in previous months where analysts were fearful of coming next financial crisis as we saw in 2008 or even bigger than that but our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The non- fear factor can be seen in the financial market stress index published by the St Louis Federal Reserve and the CBOE Volatility Index ($VIX), also known as the fear gauge-as of now we are seeing the USD Dollar index has jumped to its highest level since June 2017 which is making immense pressure on both gold and silver and our short-term analysis suggest that once yellow metal will broke below $1190 level(our take profit) more selling pressure will start from this point-we as a gold and silver analyst are focusing more on the U.S. dollar, positioning analysis and global macro data these are the factors that could affect gold and silver prices in the long term-some other important factors which are making pressure on P.Ms are WTI crude oil significant decline along with weak CNY and rising yields-
Please note-Russia and Saudi are about to cut their oil export and we believe at this moment of time investors should monitor any outcoming global macro data very carefully
Our previous comment
1-we believe after the US mid-term election when the dust will be settled, the recent news events and relatively strong earning data will push the US stock market and economy to upside in a significant manner
2-If US-CHINA Trade war will be eased through the losing the policy by trump in the near future, we expect the equity market to surge 5-10% over a few weeks or even in few days on that news alone, hence a significant downfall in the precious metals sector.
3-we strongly believe experienced money managers and strategic professional trader should tight their seat belts and should start taking trades in gold 0.18% -0.31% and silver -0.21% 0.00% as we are expecting a sharp move as the price could move in a very aggressive manner soon-However we are very bearish for the mid and long-term in the precious metals sector.
SHORT TERM TRADES FOR GOLD AND SILVERShort term Trades
Currency Pair: XAG.USD(silver)
Sell Entry Price: 14.500
Take Profit: 14.000
Stop Loss: 15.00
Capital Risk: 200USD-(amount may vary depending on your account size and risk tolerance)
Potential Reward: 200USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative)
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
Short term Trades
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1210
Take Profit: 1190
Stop Loss:1240
Capital Risk:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 200USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative.
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
PLEASE NOTE:
This position is an Instant sell position which should be executed at your earliest convenience
Should you require any more information don't hesitate to contact us.
Many regards,
GOLD IS ON THE BRINK OF COLLAPSEwhen we joined this public platform one year ago by other account and predicted the gold fall from 1358 to 1150 and silver from 15.80 to 13$-some people called us crazy,delusional or some even abused us after that when we closed our position at 1260 people thought it was just a luck factor-it took three-four more trades to make them convinced that we really know what we are talking about obviously no one can be right every time in the business but having 11 years of experience only in gold and silver definitely gives you an edge-so now these people ask me do I have any insider information? lol, I don't know if we make any change by coming in this platform but two things are clear-people perception has been changed and second if you followed us you should have made a significant amount of profit.
Fundamentals-U.S Dollar strength which we predicted before the midterm election is putting immense pressure on the precious metal sector. The Yuan, The euro along with the cable all are suffering by the strength of the greenback,we believe behind this immense strength of dollar which we are witnessing is majorly caused by the Hawkish outlook from the federal reserve at last week meeting,strong PPI number also contributed to the strength,we are waiting for the CPI inflation read which will come out Wednesday
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
overall it seems that our long-term position in gold and silver will be much highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started
XAUUSD approaching resistance, potential drop! XAUUSD is approaching our first resistance at 1214.51 (horizontal overlap resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1192.67 (horizontal overlap support, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 14.25 (horizontal pullback resistance, 23.6% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 13.90 (horizontal swing low support).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
THE GOLD AND SILVER HARSH BREAKDOWN IS ABOUT TO COMEOur previous comments still valid
Having expertise of trading precious metals from more than 11 years gives you immense knowledge about the market,on the basis of current market scenario we know one thing which is very certain,whenever fear enters the market, gold -0.40% -0.76% , and silver -0.21% -0.14% or PMs makes incredible rally-we have seen this market behavior over and over again in our trading carrier but what happened this time? If this is THE SELL-OFF OR THE BIGGEST EQUITY CRASH WE NEVER SAW IN OUR LIFE WHICH REPUTATED MEDIA OUTLETS ARE REFERRING TO THEN WHY GOLD -0.40% -0.76% AND SILVER -0.21% -0.14% IS BEHAVING WEIRD THIS TIME?
Remember if investors were really fearful due to the recent downside price action which we witnessed in equities then price of gold -0.40% -0.76% and silver -0.21% -0.14% (PMs) should have skyrocketed till now
we have written this two days ago that we think the move which we are witnessing is purely price and technical based and not even close to a fear-based move. In other words, our advanced 2.00% 1.50% price analysis suggesting that this small correction soon coming to the end and a major sell-off in PMs will start again.
we believe 2019-2020 could give you your lifetime chance to accumulate substantial wealth by investing in precious metals but we certainly don't think this THE SELL OFF we are waiting for
The upcoming move in PM sector seems to be extremely bullish but before that happens it's very critical to understand that gold -0.40% -0.76% -0.34% 0.07% and silver -0.21% -0.14% -1.15% -0.20% didn't reach their potential bottom yet, those who will miss it will regret it for coming months and years so I hope you guys have positioned yourself and risked enough from which you'll be able to generate substantial profits
PLEASE NOTE-Silver(the Bigger part of my portfolio is dedicated to my silver -0.21% -0.14% investment and we are going to allocate approx 20kUSD when PMs will reach its bottom in near future, However, we will keep you informed
OUR 4 TRADING POSITIONS ARE ACTIVE
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.20 (Horizontal pullback resistance, 61.8%, 100% fibonacci extension, 38.2% fibonaccci retracement) where a strong drop might occur pushing price down to our major support at 14.58 (Horizontal overlap support, 61.8% fibonacci extension, 61.8% fibonaccci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.54 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver Back At the Topside of The TrendLike gold, silver surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold.
Trade Step-ups:
Bearish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 14.45 & 14.30 respectively.
Bullish Breakout: Price breaks from current trend channel, look for consolidates above 15.00.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.54 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BIGGEST GLOBAL EQUITY MARKET CRASH STARTED?Having expertise of trading precious metals from more than 11 years gives you immense knowledge about the market,on the basis of current market scenario we know one thing which is very certain,whenever fear enters the market, gold, and silver or PMs makes incredible rally-we have seen this market behavior over and over again in our trading carrier but what happened this time? If this is THE SELL-OFF OR THE BIGGEST EQUITY CRASH WE NEVER SAW IN OUR LIFE WHICH REPUTATED MEDIA OUTLETS ARE REFERRING TO THEN WHY GOLD AND SILVER IS BEHAVING WEIRD THIS TIME?
Remember if investors were really fearful due to the recent downside price action which we witnessed in equities then price of gold and silver(PMs) should have skyrocketed till now
we have written this two days ago that we think the move which we are witnessing is purely price and technical based and not even close to a fear-based move. In other words, our advanced price analysis suggesting that this small correction soon coming to the end and a major sell-off in PMs will start again.
we are certainly aware that the biggest market collapse is not too far that's why we believe 2019-2020 could give you your lifetime chance to accumulate substantial wealth by investing in precious metals but we certainly don't think this THE SELL OFF we are waiting for
The upcoming move in PM sector seems to be extremely bullish but before that happens it's very critical to understand that gold -0.34% 0.07% and silver -1.15% -0.20% didn't reach their potential bottom yet, those who will miss it will regret it for coming months and years so I hope you guys have positioned yourself and risked enough from which you'll be able to generate substantial profits
PLEASE NOTE-Silver(the Bigger part of my portfolio is dedicated to my silver investment and we are going to allocate approx 20kUSD when PMs will reach its bottom in near future, However, we will keep you informed
OUR 4 TRADING POSITIONS ARE ACTIVE
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.20 (horizontal pullback resistance, 38.2% fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 14.53 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
HAPPINESS WON'T LAST FOREVERMore banks are updating there forecast on gold and silver prices, however, most of them are “cautiously bullish” on gold prices, As of midnight on Friday gold is trading around $1234 while silver underperformance could be noticed by investors, trading at $14.700.Gold has broken above the psychological resistance $1200 from the last two weeks.
Bhar pointed out-The rally came amid inflows into gold-backed exchange-traded funds, Furthermore, he continued, there has been a pickup in gold purchases by central banks, including Hungary, Poland, India, Turkey, and Mongolia, in addition to regular gold buyers Russia and Kazakhstan.
most fund managers, investors, and traders including me are cautiously bullish(although I am still very bearish not because we have bias towards our short existing position but because of numerous evidence that suggests us that precious metals still has a lot more downside potential before it will start a significant rally), Money managers still hold a large net bearish position in gold futures. our upcoming analysis will list the factors that could limit the upside in near term-
we understand that the rising US dollar will be negative for precious metals sector and did you noticed USD index moved and closed above the neckline of its inverse head and shoulder pattern-This could be important as we could witness a breakout very soon which will eventually drag precious metals prices down
To prepare for an epic buying opportunity in gold and silver in 2019, consider learning more about our premium service as we believe The upcoming move in PM sector seems to be extremely bullish but before that happens it's very critical to understand that gold 0.07% and silver -0.20% didn't reach their potential bottom yet, those who will miss it will regret it for coming months and years so I hope you guys have positioned yourself and risked enough from which you'll be able to generate substantial profits
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.84 (horizontal swing high, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.52 (horizontal swing low support, 78.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
free fall may start soonHaving a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -15.050(buying pressure)
Sell Stops- 14.450(selling pressure)
Our Active position
ASSET--Silver
Sell Limit Price: 14.700
Take Profit: 14.000
Stop Loss: 15.300
Wednesday, October 17, Gold and SilverHaving a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -15.050(buying pressure)
Sell Stops- 14.450(selling pressure)
Our Active position
ASSET--Silver
Sell Limit Price: 14.700
Take Profit: 14.000
Stop Loss: 15.300
XAGUSD Weekly Forex Forecast 7th October to 13th OctoberMidterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
XAGUSD Weekly Forex Forecast 30 September to 6th OctoberMidterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Silver (XAG/USD) entry a Short Signal1. Long- term trend on D1/W1 bearish
2. Price came to Key level $14.39, bounced from it so many times and made a fake broke.
3. Potential profit in 4 times bigger than risk.
4. The price is moving to key buy level $13.66. Near that level we can look for a Long only.
Sell at: $14.30
S/L: $14.46
T/P: $13.76
C.C.L. — Candle created level
C.A.P. — Candle Approved level
F.B. — Fake broke
P.S. Push like and send to your friend if you like it.
You have no idea what you're missing outAt the moment of writing this update our full 250% net short positions in gold, silver and mining stocks are well justified from the risk and reward perspective.
Very little happened yesterday iin case of gold and silver, yet mining stocks declined, in this way invalidating Friday's daily strength. In our past analysis, we clarified that similarly as one swallow doesn't make a mid year, a one day of quality in the mining stocks doesn't change the general propensity for them to fail to meet expectations gold. Yesterday's session seems to be a perfect confirmation. What now?
The decrease in the valuable metals segment is probably going to proceed. We wrote about it many times before and we'll most likely write it for a few more days or (more probable) weeks. Because the interruption in the USD Index is taking somewhat more, it doesn't imply that it's any less inclined to happen. The inverse is the situation of the valuable metals area. In yesterday's investigation we included various signs indicating lower PM costs in the next weeks. The only bullish sign was on Friday's strength of mining stocks with respect to gold. Furthermore, this signal was just invalidated yesterday
Miners’ Relative Weakness
Taking a look at the most recent couple of days, it's not by any means visible that there was any strength in mining stocks whatsoever. miners closed at another 2018 low, while gold and silver didn't. The miners weakness essentially proceeds, much the same as it tirelessly proceeded in 2013 preceding the greatest piece of the value slide.
With all the bearish factors set up, the standpoint remains plainly bearish. There's very little we can include based what happened yesterday.
Before summing this up, we might want to talk about the miners’ performance relative to gold in greater detail. We were requested to clarify whether the mining stocks relative valuations can be trusted constantly (it didn't appear to work exceptionally well toward the finish of 2015 and in mid 2016). That was a decent inquiry and we will be glad to explain.
Is Miners' Under-and Outperformance Always Right?
Above all else, the mining stocks' performence is something that is very helpful as a very near term reversal sign, particularly when it is joined by particular movement in silver. It's most helpful of detecting local tops. The procedure is to search for days , when mining stocks fail to meet expectations gold (the clearer the underperformance is, the more grounded the stronger the signal becomes) and during which silver outfperforms. The white metal's outperformance could be just few hours of exceptionally solid intraday or medium-term rally – that is generally enough.
In the event that there is no confirmation from silver, at that point we'd like to have other reversal signs also, before acting on the signal,the daily lack of reaction in the mining stocks with respect to gold's development is one of the more dependable short term signals, however it's not great.
The inquiry that we got wasn't generally about the short term trades, however. It was about the benefit of the major signals. For example, the ones that could affirm or refute the final bottomfor this decrease in the valuable metals division.
it turns out that the individuals who are stating that mining stocks regularly lose their use to gold before the inversion (declining to decay much while gold keeps on declining, or reviving a tad, while gold is energizing unequivocally), and the individuals who say that excavators are frequently wrong at the boundaries are both right.
What does it mean for us in the present circumstance? It implies that we shouldn't be amazed by activity that is like what we found in the late 2015 and mid 2016. Mining stocks could continue to show weakness for short then start to show strength for days (maybe even weeks if the last base happens later than in October) while gold decline, in this way blazing the last cautioning signs for those, who haven't set up for THE base yet. Be that as it may, the correct base, could be joined by the rebound of mining stocks' shortcoming.
As it were, while the mining stocks strength can be seen as "the base or bottom is coming!" sign (and a few financial specialists may like to begin aggregating the long term interests in the PM part around then), different systems and techniques should be used to determine the exact timing of bottoming and price.
Summing up, it's very likely that the pause in the valuable metals is finished and the following enormous move down is as of now in progress. The move is probably going to be sharp and the benefits on the present short position are probably going to change from being immense to being colossal and afterward at last to being crazy.
As usual, we'll keep you – our supporters – educated.
many regards-Neeraj Pandey
Our existing positions
ASSET--XAGUSD
Sell Limit Price: 14.900
Take Profit: 12.80
Stop Loss: 14.413(modified)
ASSET-GOLD
Sell limit Price: 1185
Take Profit: 1080
Stop Loss: 1231
( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver 0.43% 0.07% 0.21% -0.07% -1.14% 0.07% -0.53% 0.13% -0.13% -0.06% -0.26% -0.19% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Brief journey in trading viewThis post is nothing just our brief journey in trading view about our profitable trades(we will update you about everything whether profit or loss)
we predicted sell position in gold -1.00% 0.20% 0.11% and silver -0.34% -0.73% -0.06% When gold -1.00% 0.20% 0.11% was at 1358 and silver -0.34% -0.73% was at around 17.800, first post regarding our short view sent on March 8th, we took the entire profit out of the table @1260-gold and @16.100-Silver,multiple short-term trades has been executed while riding this fall including short-term buy
After taking profit out@1260 we took only short-term trades until the yellow metal reaches 1231 and now our long-term trade is active once again in gold -1.00% 0.20% and silver -0.34% ,
recent short term trade in gold -1.00% hits TP,entered at 1219-closed-1200
recent short term trade in silver -0.34% hits TP entered at 15.450-closed-15.00
Enjoy
recent long-term trade in gold were profitable, entered at 1231-closed-1180
recent long-term trade in silver were profitably entered at 15.450-closed-14.650
Enjoy