31 Oct 2023, 15:24 · Views 265

Silver to the Moon! Fundamental Punchline - Just like Gold, silver is also considered a safe haven asset. It, therefore makes sense why silver has been on a massive rally in the past three weeks as the instability in the middle east rages on. The bias remains clearly bullish and so I am looking to go long. Technical Bias - I'll be looking for price action confirmation for buys around 23.000. #OPINIONLEADER##GOLDTODAY# #silversurge# #Silver#

Edited 31 Oct 2023, 15:28

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 1

Leave Your Message Now

NirvanaFinancials

10 Posted · 68 Followers

Financial Markets Alchemist Focus Assets: Energy (WTI), Commodity (Gold), Stock Market (US30)

16-Nov-2023 Gold Bulls are Back Fundamental Punchline - Recent weak US inflation data hurt chances of another US interest rate hike in December. In the US, consumer prices rose 3.2% y/y in October, slowing down from 3.7% in the previous reading, and below estimates of 3.3%. Technical Bias - After a healthy retracement from hitting 2000, the yellow metal now seems to have found support a ready to go on another bullish run, giving us a decent potential trade for a 1-4 risk to reward swing trade from here. #OPINIONLEADER# #GOLDTODAY#

NirvanaFinancials

Crude Oil Analysis: Buy The Rumor, Sell the fact! Fundamental Punchline: In the short to medium term, we expect OPEC+ activities to be the key driver of crude oil prices as a broader escalation in the Israel-Palestine crisis seems to be secondary in the minds of investors at the moment. Some key points from the OPEC + meeting yesterday: - Brazil joins the group as it has a goal of substantially increasing its crude oil production to become the world’s fourth-largest producer by 2030. - Altogether, the total voluntary cuts for the first quarter is 2.184 million bpd to be announced independently by each member country - Oil prices dumped following the meeting as the market seems to have priced in the production cuts, hence, buy the rumor, sell the facts scenario in play. Technical Bias - Oil prices have been on a steady decline for the past few weeks after WTI peaked at around $95 per barrel in September. I expect a further decline into the close of 2023! Therefore, I'll be looking to short on rallies until we get a significant change in the current price action. #OPINIONLEADER# #WTICrudeOil#

NirvanaFinancials

Oil prices could hit $150 if Israel-Hamas conflict intensifies, World Bank warns https://www.ft.com/content/7fe... #OPINIONLEADER# #CrudeOil# #oilprice#

NirvanaFinancials

Bismillah...

NirvanaFinancials

Gold Longs Loading... Fundamental Punchline - Gold saw some strength last week as weaker-than-expected U.S. nonfarm payrolls data, coupled with less hawkish signals from the Fed. This spurred deep declines in the dollar and Treasury yields. However, the yellow metal opened the week with a slump from the Asian session into the London session as any relief over a potential pause in the Federal Reserve’s rate hikes was largely offset by traders selling the yellow metal in favor of more risk-driven assets. Gold remains ultimately bullish, especially driven by geopolitical tensions in the middle east. Further escalation in the Isreal-Palestain crisis will lead to further bullish push for the safe heaven asset. Technical bias - The charts point to the strong bullish strength of Gold still intact. I will be looking to go long on proper bullish price action confirmation at a key support. #OPINIONLEADER#

NirvanaFinancials