Auronum

Gold, Silver & Platinum market information

[Auronum @auronum]

Find out what is driving Gold, Silver & Platinum prices by reading our weekly ‘Precious Metal Market Report’ on our website each week. Download the document for free at: https://t.co/UAihGOQZh6

[Auronum @auronum]

@icooperTrades Ian could you kindly post an update for platinum?

[Auronum @auronum]

@ThatsLongFerMud @iGlobalGold we don't know if this is a double bottom yet or if it is a dead cat bounce. It has potential to have a decent rally from here before rolling over and smashing through that support line to be in a multiyear bear market

[Auronum @auronum]

@ThatsLongFerMud @iGlobalGold we do not know if it is a dead cat bounce yet though

[Auronum @auronum]

@roxyfit1 its an awful market to trade, very little follow through and lots of chopping around

[Auronum @auronum]

#platinum daily chart

Tomorrow is FOMC rate decision which I think is going to surprise a lot of traders as the USD is so depressed that I see a brief relief rally coming in the #usd

Platinum is in another bearish rising wedge and a break of this will leave very little support until we hit $1200

[Auronum @auronum]

@roxyfit1 yes have been short a little while

[Auronum @auronum]

@roxyfit1 I think the 1100s. The USD looks like a POTENTIAL double bottom, if so then the metals will see some weakness and platinum has very little strong support until we get to the 1100s

[GlobalProTrader @GlobalProTrader]

Another case of "Don't trust the first move."

[Auronum @auronum]

#dxy Daily Chart

Is the USD about to shock precious metal bulls by putting in a big counter-trend rally?

Potential double bottom here

[Gregorian Charts @GregorianCharts]

$USD (Monthly): We're again testing double-long-term support at the intersection of the 40-year channel support trend line along with the 20-year support off the rising channel...If you think this breaks, then run for the hills and buy MOAR $gold...and if you think it holds, unload that yellow rock STAT and buy dollars like you never have before. Methinks it's a no-brainer buy right here with a stop at a monthly close under the supports at ~95, but that could be the paraffin talking. YMMV.

Target 1: 107

Not advice, I eat crayons

[Auronum @auronum]

@icooperTrades potential double bottom on the DXY

[Auronum @auronum]

@pgianflo It will trade above $3000 one day but for now I think it re-tests its breakout point which puts it in the low $1100s

[Auronum @auronum]

@GDXTrader good spot on the potential double bottom, I missed that

[Auronum @auronum]

@ThatsLongFerMud @iGlobalGold The market has already priced this in. The dollar has already dropped to factor in this rate cut. Don’t be surprised if it jumps tonight

[Auronum @auronum]

@icooperTrades I think it was telling today that the USD took a bath and yet silver and platinum pulled back

[Auronum @auronum]

@GDXTrader I see a second bearish rising wedge on the daily...

[Auronum @auronum]

@Nigel_Farage Reform is just becoming Reformed Tories

[Auronum @auronum]

@BigAltcoinPumps We had around 50 ounces of platinum to sell when the price was around $900 and it was painful! Now people are reaching out to us to ask when we will have platinum available again

[Auronum @auronum]

#platinum 1 hour chart

A large bearish rising wedge in play with a very small (blue) bearish rising wedge which will likely lead prices to the support of the large bearish rising wedge

Wednesday's Fed rate cut will likely cause a downside correction in metals as the #usd breaks out of its falling wedge formation to the upside