I want to talk to you about the movement of metal prices. To begin with, I want to note that the main factor for the sustainable growth of gold and silver at the moment is D. Trump with his management style of the largest economically significant country. It is precisely fear and uncertainty that compel investors to hide their money in the most reliable and ancient asset - Gold, and that's where we will start.
On the monthly charts of Gold, we see a steady rise, indicators confirm its movement, but pay attention to how the price speed fan has turned, it is practically in a vertical position. I remind you, the closer it is to a vertical position, the more dangerous it is to buy and the closer a correction is.
The weekly charts also confirm the rise.
However, the daily candles indicate that a correction is near, a bearish divergence is observed. At the beginning of the correction, the minimum decline level is 1 to the first line of ascending resistance, in a more severe case, if the MACD wants to enter the red zone, the correction may reach the mark of 2.
Now the same for Silver. A similar situation on the monthly charts.
Weekly candles show 🚀🚀🚀
However, the daily candles indicate that one should be cautious when buying right now. The signals are weaker than those for Gold, but the volumes and strength index suggest a possible price correction to the mark of 1. In my opinion, it is too early to think about the price movement to the mark of 2 for silver.
Let's check the small time frame of 4 hours, which shows us a bearish divergence, and a real possibility of a price correction to the resistance line.
And finally - let's look at Copper. This metal differs from the previous two in that it is not a hedge, a protection of one's capital; it is invested in when the economy is moving forward. And here lies the paradox of our time: Rise of Gold - Fall of the economy, Rise of Copper - Rise of the economy. As recently said in Bloomberg, "One of these two groups of investors is mistaken."
On the weekly candles, we see a confident rise; the situation is similar to the two previous cases.
And only the recent movement on the daily charts shows us the doubts of those holders who believe in economic growth. A breakout of the ascending trendline of resistance. The MACD moving averages have begun to decline, the strength index has started to fluctuate.
The clearest picture of what is happening is revealed to us by the 4-hour candles. A clear bearish divergence. The correction may reach 13%.
📍The conclusion I draw for myself is the following: For holders of gold and silver, a good buying opportunity will soon arise at a discount, while only those who are short-term speculators will be selling, long-term holders will be increasing their positions. According to the danger level indicators, Copper is currently in the risk zone, followed by Gold, and Silver is at the least risk among this trio. For gold and silver holders, the time of D. Trump will remain profitable. For us, as holders of $BTC and other cryptocurrencies, this information is also useful; Bitcoin, like copper, will rise when copper rises, when the economy is strong, and will fall when gold rises, when people save their capital in less risky assets.
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I hope you found this information interesting and useful. Please, I look forward to many reactions from you if it is not too much trouble. Assess the risks and wishing you green P&L, my Crypto brothers🙌