Silver pulled back on Friday and today along with most major commodities due to the USD showing strength on the incredible Nonfarm Payrolls numbers. All this short-term price action though can be viewed as nothing but noise on one pattern that has been developing since 1980 and may be close to completion. I am

  The Nonfarm Payrolls (much) better than expected numbers delivered a major blow to Gold last Friday, which was extended today into one of the most violent daily sessions of the past 2 years (along with August 12 2020 and March 16 2020), that reached the March 2021 lows, which currently acts as the Support

  Pattern: Rectangle on 4H. Signal: Scalping as long as the Resistance and Support zones break. (A) Buy if the Resistance breaks, (B) Sell if the Support breaks. Target: (A) 1870 (just below the 2.0 Fibonacci extension), (B) 1760 (just above the 1750 1D Support). Tradingview link: https://www.tradingview.com/chart/XAUUSD/FE4dVAoe-XAUUSD-Sideways-until-one-of-those-lines-breaks

  The Gold/ Silver ratio seems to be trading inside a Channel Up since the 2008/2009 subprime mortgage crisis. The recent COVID crisis and sell-off in March 2020 served as an excellent catalyst for the pair to make a Higher High within the Channel. In February it appears that the new Higher Low was priced

  Pattern: Channel Up on 1D. Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross. Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a

  A lot of talk has been made lately around popular assets like Gold’s strength, the selling on BTC and the weakness of the USD while few have been paying attention to WTI Crude Oil’s long-term carts. WTI has silently broken above its Historic Lower Highs trend-line (that has been in effect since the July

  Gold is getting outside of the Channel Up that started on the March 31 bottom (blue channel) and may be forming an even more aggressive Channel Up (dashed lines). The next Resistance Zone is the January 06 – 07 Volatility Cluster (1910 – 1925). The 4H MA50 and 4H MA100 continue to form a

  Pattern: Channel Up on 4H. Signal: Buy as the price successfully tested the former 1816.50 Resistance as Support. Stronger buy zone within the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line). Target: 1855 and 1875 in extension (i.e. slightly below the next Resistance levels (and former Lower Highs during the February downtrend)). Former

  As mentioned on a series of posts, Gold has been trading within a Channel Up since April:     This Channel had one major barrier before the short-term bullish sentiment made the leap to the long-term as well, and that was the 1D MA100 (yellow trend-line). The current chart is on the 4H time-frame

  This is a comparison of XAUUSD (Gold) during March/ April / May 2021 and May/ June/ July 2020. As you see there are a few strong similarities: * Both formed a Double Bottom on their start. * A Golden Cross was then formed on the 4H time-frame. * This gave way to a Channel