itama

Fisher

[Palobar @panpalobar]

#gold #silver #preciousmetals
"It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!"

Quick Note>
1. There is NO pattern of "higher HIGHs, higher LOWs" in silver yet. These are NOT true highs and lows; that is why these same calls in February (and in the past) have failed.

2. The $95.56 level that I noted in February kept us on the safe side. Silver failed to close > that level and declined 37%. Above $95.56, the bulls are in control. Below $75, the bears will be in control.

3. My original idea was that the decline in gold and silver would most likely conclude by April. My max decline for gold was $4150-$4200 (spot). So far, this has been accurate.

4. The short-term situation in gold can be best described imo as "a lack of interest". (in terms of positioning).

5. In late February, I drew your attention to the Feb 17 low. Notice where the recent bounce was rejected. The high came exactly on April 17 (key date).

6. Gold has been forming "Lower highs and lower lows". The big boys are surely watching this. Under $4649, it gets into a tricky position. If we break the May low, it will attract speculative short positions.

CONCLUSION
In my opinion, the consolidation/correction is not over yet. A retest of the recent lows is still possible. I could be wrong (I have been wrong many times), but I think ~$3800s (gold) and $54 (silver) are still on the table.
This is a healthy correction after the massive moves we saw.
Long-term, much higher.

[itama @itatabama]

@TradingNinga 3445???

[itama @itatabama]

@TradingNinga What did you mean? Go back to 3300?

[itama @itatabama]

@kiddowstuff wrong this time🥲

[itama @itatabama]

@TradingNinga trigger the daily bull flag

[Simon @sich8]

I believe next week we should start to roll over in Gold. So far, having all the hallmarks of a sturdy LEFT translated Daily Cycle. This Weekly Cycle has given us a huge gain of $661, so a large drop into the ICL in 2nd half of May should be expected?

[Simon @sich8]

Gold price now being squeezed & controlled by
the 2 Bollinger Bands - Price should settle
around current area for a bit before
breaking down in Gold's journey towards it's ICL in around a month 😎

[Simon @sich8]

@NorthstarCharts @Silverback82804 ...on the Weekly, this is my thinking. Shhhh re Silver.

[itama @itatabama]

@panpalobar Thank you very much, sir. But I don't understand that why Gold doesn't follow DXY these days.

[itama @itatabama]

@SurfCity_Cycles excuse me,sir. You mean that the new ATH which is higher than 2790 will not happen in 2024 but 2025？Thank you

[itama @itatabama]

@panpalobar Thank you ,sir . DXY is still spy on 120?

[Palobar @panpalobar]

#gold #silver #preciousmetals
Short-term
👁️$2390-$2420
🗓️24 - 31 December
Eventually, I think there is a good chance gold could test that area. Potential bounce ~ $2510-$2540).
Long-term
$3200

[itama @itatabama]

@panpalobar back to the form?

[Gold Trends @GoldTrendsNet]

Our last post discussed the Oct pullback had reached a long term trendline at 2598-2610 & should be watched

The low was 2604 & a big move up has occurred since

Now near Long Term Resist line 2798-2822
110 Mil Oz traded @ Spot Mkt today
Still a bull but favor resist in this zone

[Simon @sich8]

USD on it's Daily:
I am expecting USD to rise and possibly test either A or B (50 & 200 DMA's) before it falls again and breaks important support at 100.20 in the 2nd half of October.
This would fit with what I expect is going to happen with Precious Metals ;)

[Palobar @panpalobar]

#gold #silve
Price targets (ST)
👁️98.69-97.87 (DXY)
This has been my 🗝️ target for months now. In my trading acc, I'm slowly taking profits as we head into that range, having also in mind (25-30 Sep, $2589-$2797) for gold. No need to be perfect.

[itama @itatabama]

@meelonmuskusa 1000k, please

[ABOU bakr @ElliotFxx]

#xauusd udapte

[Elliott Wave Strategy @ewstrategy]

#XAUUSD

📌️️️️ Trading Plan - Trading Plan - Trading Plan

🔸️️️️️️ What happens if the market doesn't act according to your plan?
🔹️️️️️️ The answer is nothing. No analysis can ever offer you a guarantee. That's why we use stoploss. We have to update it, we have to re-plan it and keep going!

📌️️️️ According to the previous analysis of $XAUUSD, I thought it would make one last low and move higher, but it started rising earlier than I thought! Our new plan for the next trade is ready!

😎️️️️️️Let's go and enjoy the market!