[Metals] Gold to 1500$(XAUUSD) by year end. Metals Yearly, Monthly, Weekly, Daily view - 21 july 2017

in #gold7 years ago

Gold, Palladium and Copper look to be the strongest metals, while Silver and Platinum, not so much.
Summary(year to date):
Gold - strong, Palladium - strongest, Copper - strong;
Silver - weaker, Platinum - weaker;

Gold Yearly view:

Silver Yearly view:

Silver looks to have weakness compared to gold. Gold looks to stay stronger than silver this year.
XAU/XAG Chart ratio:

Also Platinum is also weaker than Gold:

Palladium however looks strong for the past 2 years:

A comparison between Palladium and Gold:

Palladium is either at the top of the range, compared to gold(gold would increase, palladium would increase less), or palladium has a chance to go up much stronger.

Copper looks to be just as strong as Gold:

Copper is known to be weaker than Gold, but this changed this year:
![](https://www.tradingview.com/x/HsCIk6ZG/]

Now, for Daily view(Only Gold and Silver are considered):
Gold, 1 day chart:

Buy above 1260, sl 1240, tp1 1287,tp2 1330; r/r ratio 1-3; Success rate 50%, Chances it will enter this trade, 50%;
Sell below 1220, tp 1200, sl 1230, r/r ratio 1-2; Success rate 50%. Chances it will enter this trade, 20%;
Gold, 4h chart:

Any break of the lower trendline suggests a potential downtrend and a sell signal.

Silver 1day chart:

Silver 4h chart:

Trade ideas:
Buy above 16.70 for potential tp at 18 or 20; sl 16.40; r/r ratio 3-10; Success rate 50%, Chances it will enter the trade 50%.
Sell below 15.50, tp 14, sl 16; r/r ratio 3, Success rate 50%, Chances it will enter the trade 30%;

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