Commodities

[Video] Gold set for breakout above $1920?

Following several failed attempts, gold looked set to break and (hopefully this time) hold above that long-term and pivotal level of $1920/1. In this video, I have provided my latest thoughts on gold, silver and the dollar index, and given some insights in how I manage trades. There’s something to learn from this video, even …

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Some thoughts on silver

Have a look at this silver monthly chart below: A lot of people are presumably waiting for silver to get back down to re-test broken breakout area around $19-$20, before loading longs again. If silver gets there, it would be a bearish sign IMO and I would only expect a modest bounce there. Indeed, in …

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[Video] Gold testing key support

Will it bounce and resume its bullish trend or break down and drop like a stone? Gold, which has been correlating more positively than negatively with the S&P 500 over the past few years, has fallen along with technology stocks in recent days. The dollar has also bounced back, and this has provided additional pressure. …

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[Video] Gold and silver break further higher

Both gold and silver extended their gains today, so I figured it was time to provide some analysis on the precious metals. People that follow me know I have been bullish these metals for a long time, and I continue to think more gains will be on the way, especially silver which looks relatively inexpensive …

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[Video] Gold: stage set for breakout

Gold has been printing constructive price action of late, pointing to a potential breakout. Investors have been buying the dips in gold mainly because of the view that long-term interest rates will remain very low thanks to the vast central bank stimulus. In addition, the metal has been supported by haven flows due to elevated …

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Gold testing resistance

Gold broke down on Friday as stocks rallied on the back of the much-stronger US nonfarm jobs report, which further fuelled optimism about the recovery. The dollar index closed higher, ending a run of losses. However, at the start of this week, the precious metal has started higher again on the back of a mixed …

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[Video] Silver heading to $19?

After its vicious falls during the height of the coronavirus pandemic, silver’s recovery has been remarkable. Demand concerns were initially replaced by supply worries, causing prices to bounce back, before the rally took hold on easing of lockdown measures alleviating some of these concerns. Giving silver an additional boost has been the actions of governments …

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Will gold hold THIS pivotal level?

Gold has been stuck in an ugly range for several weeks now. But more recently, the pressure has been growing for a downside breakdown as stocks surged on lockdown easing hopes and amid central bank support. Today, the metal was testing a key support level, and traders were wondering whether support will hold given the …

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