CHARTS AND COMMENTS

Tuesday 27th of July.

All sections are updated pre US openings for Tuesday the 27th of July 2021.

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


Monday July 5th 2021

All categories are updated under respective sections.


Gold and Silver Friday 25.

Both metals are updated under their sections. Gold and Silver.


Platinum vs Nasdaq100

Is it time for the rare white metal (Platinum) to outperform the technology weighted Nasdaq100?

 

020621 - PLATINUM VS NASDAQ100

The pic above shows an attempt for the Platinum Nasdaq100 index ratio to move higher from a higher low-level than its all-time-low in November of last year. The MACD indicator is now showing a higher bar than yesterday and the day before, giving support to the textbook for higher prices to come.

For this price-graph to move higher (lower) we need to see Platinum outperform (underperform) the Nasdaq100 index.

Partners and associates to Intraday.se may at times have positions in both instruments. 


Platinum Friday 28. May

Platinum is not convincing to the upside quite yet. Consolidation just below the USD 1.200 mark after a couple of weeks above. The MACD level needs to pick up steam in order to sound interesting for the long traders.

280521 - Plat MACD

Seasonality plays against an upmove over the next few weeks.


MACD Example New Gold Inc

After Fridays close (today), here you got a great example of how well a MACD indicator can work for you.

This shorter term pic of New Gold Inc (Not Canada main listing, but USA quote) demonstrates how a higher MACD bar signals strength to the prices (a lower MACD bar signals weakness to the prices). Only by following the MACD development higher or lower mabe you will have a good grab of what's next?   :-)

After a prolonged period in one direction, MACD levels and prices will most likely correct for a shorter or longer period.

280521 - New Gold MACD daily

Intraday.se  wants to post neutral content and perspective at all times. Assosiates and or partners to intraday.se do own shares in New Gold Inc.


Gold at close Wednesday 260521

Goldprice is clearly strong these days, but stalling at the 1.900-level for now. The MACD-level has been strong the last USD 200 and could easily deserve a pause.

Seasonality for Gold points to a lowpoint around the turn of this month. A slide in the price of Gold could be seen by many as a buying oppertunity for the summer to be held into September. 

270521 - XAUUSD AT CLOSE WEDNESDAY


Silver at close Wednesday 260521

Silver could be toppish shorter term after yesterdays weak close. MACD is pointing lower again.

270521 - XAGUSD AT CLOSE WEDNESDAY


Nasdaq100 shorter term

Nasdaq100 is still off its all-time-highs in April, and is well up from mid-May lows.

No short term sign of weakness after Tuesday's close. A lower MACD bar will "confirm" weakness and potential renewed sell-off.

260521 - nasdaq100 after close tuesday


From a lagging to a leading indicator - MACD

There is a jungle of technical indicators to add to you favorite instrument, and that you want to update along the price changes.

The one indicator that continously stands out of them all, is the MACD indicator. The MACD gives you an exact feel of a trend - stronger or weaker. There are several ways to analyse its patterns, but primarly you will be looking for a higher bar for stronger prices or a lower bar for lower prices.

Yes, MACD is a rules as a lagging indicator, but by plotting the unknown next  potential price (higher of lower than our last real price), you suddenly have a super leading indicator. 

See the example below.

This first pic shows you the price of Silver after last real closing price at 27.50.

The last 5 market-closes sees a lower MACD meaning that the gap between the 26 and the 12 period moving average is getting larger and that prices are likely to continue lower until we see the oposite.

230521 - xag present MACD

The next pic shows you what silver will look like if tomorrows price closes at 28.0. Thereby the MACD gives you a higher bar, which is a positive for higher silver prices to come (becuase it increases the odds of again seeing a higher bar the day after tomorrow).

230521 - xag at 28 MACD

The next pic shows you a hypotetical weaker close at 27.3. This means a continuously lower MACD and further weakness for the price at the next close. Try it out!

230521 - xag at 27.3 MACD


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