XAU/USD & XAG/USD - Gold & Silver Traders Thread

The attached Silver Chart is one of the very few Projections that actually WORK.
BUY SILVER!!!

https://m.youtube.com/watch?feature=...&v=7k3yICUOA3o

Here is another technical analysis for tomorrow.

gold will down to 1890 today, a strong asisstant at that price

Divergence on weekly chart, overbought on monthly chart. Day is consolidating for either resume uptrend or deep correction.

Hi
i hope this might add ....too...based on your analysis?? i like your video it helps a lot... Thanks
Right this moment price is sandwich by H4 200 support and 20ema resistance who will win...remains to be seen but if 200 wins AB=CD is very much possible.

Maybe this new pattern is forming

That $1920 level seems like some strong support for the CME GC contract.

I’ve been long gold since March and the rise has played out quicker than expected. We recently hit a new all time high, but I don’t think it’s over yet. Coming out of the 2008 recession gold rallied for 3 years. Everything seems to be playing out in fast forward this cycle, but I think we’ve got a solid year of gains ahead. I’m just planning on holding until next spring and reevaluate. I’m guessing this bull market goes to $2,300 conservatively.

its possible gold will make alltime high but possible this will happen too

Gold in my view is going to test at least 2015 up to 2074, then a drop might be expected, unless risk off which I doubt with the arrival of many COVID Vaccines in the next few weeks.

This is the top down analysis of gold. There is no much movement from swing trading point of view but 2 new levels (support and resistance) have popped up which can potentially give us very good opportunities for trading. Let's see what to do with Gold for trading next week in this multi time frame analysis.

Here is another analysis I wonder which is better

Silver outperforming gold again. That's a good sign for both metals. Still bullish long term. Very bullish. Silver in pink.

crazy bull continues to play but waiting 1816 signal next . now ranges goes to 2015+/30 to 1830

I've been mentioning that silver outperforming gold has been a bullish sign for precious metals in general, particularly silver.

The week of March 22nd is when this trend started and it's been strong. Here's Gold/Silver ration since then:
Here's how Silver has performed since:
And Gold:

gold following the plan of W pattern. All 3 profit targets reached.

If you are tracking XAUUSD this week, consider this technical perspective. The XAUUSD market operation has retraced southward from the 2075.05 multi-year high it created in August. The daily time frame shows a series of Fibonacci retracements of the downward swing from 2075.10 to 1862.40, including 61.8 and 50 Fib retracements. Last Friday, the indecision candlestick printed around the 1947.60 area represented a 38.2 Fib retracement. Technically, we may expect further bearish move in the early part of this week, but we should be wary of a rising trendline (red) traceable to March.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Quoting FPA: "Long term picture really looks thrilling, but on daily/intraday charts we do not see any valuable trading setup by far. So, we intend to look how price reacts on important support/resistance areas, trying to identify the direction"