{"id":11433,"date":"2023-05-08T11:26:10","date_gmt":"2023-05-08T09:26:10","guid":{"rendered":"https:\/\/investmentbell.com\/?p=11433"},"modified":"2023-05-08T13:10:12","modified_gmt":"2023-05-08T11:10:12","slug":"gold-triple-top-silver-double-top-wti-crude-double-bottom","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/vi\/analysis\/commodities\/gold-triple-top-silver-double-top-wti-crude-double-bottom\/","title":{"rendered":"Gold triple top, silver double top,  WTI Crude double bottom!!"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Gold triple top, silver double top,  WTI Crude double bottom!!\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/oOkG1BveU-o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Gold has serious triple top risk with last week&#8217;s high for the week at the all time high.<\/p>\n<p>Gold collapsed again this time breaking support at 2037\/34\u00a0 to hit a buying opportunity at 2010\/2005 (&amp; wiping out 2 days of string gains). Longs needed stops below 2000 &amp; we dipped to 1999, but if you managed to hold on to the position, we did bounce to 2018 by the close.<\/p>\n<p>Holding below 2008\/2010 today keeps the pressure on for 2003\/2002. A break below 1998 can target 1985\/83.<\/p>\n<p>Bulls need a bounce from 2008-2003 to target 2016\/18. Above 2020 look for 2030. A break above 2035 is required to target 2050.<\/p>\n<p>Silver crept slowly higher from my buying opportunity at 2460\/50 on Tuesday to test minor resistance at the April high at 2590\/2610. Shorts worked if you tried them with a collapse to minor support at 2520\/2510. A low for the day exactly here.<\/p>\n<p>We have double top risk in silver. Key support at 2515\/2510. Longs need stops below 2500. A break lower is a sell signal targeting support at 2470\/60. Longs need stops below 2440. A break below here is a more important sell signal for this week &amp; can initially target 2375\/70.<\/p>\n<p>Obviously we have resistance at 2590\/2610. Bulls need a break above here for a buy signal this week.<\/p>\n<p>WTI Crude (June) has a potential double bottom buy signal after Thursday&#8217;s bullish hammer candle at the longer term support level at 6525\/6360 on the weekly chart.<\/p>\n<p>We beat 23.6% resistance at 6820\/40 to hit my target of 7100\/7140. A potential 300 ticks profit if you managed to buy in to a long as prices stretched to 7180. I could argue that we now have a bullish morning star candle pattern for another buy signal.<\/p>\n<p>Therefore a break above 7200 today can target 7340\/70.<\/p>\n<p>Failure to hold above 7100 risks a slide to 700\/6980, perhaps as far as support at 6870\/30. Longs need stops below 6770.<\/p>\n<p>Read our reviews: https:\/\/www.sitejabber.com\/reviews\/daytradeideas.co.uk<\/p>\n<p>Free mentor session. https:\/\/members.daytradeideas.co.uk\/free-mentor-session<\/p>\n<p>Get 5 free eBooks &amp; a free mentor session with Jason Sen now: https:\/\/members.daytradeideas.co.uk\/5questions<\/p>\n<p>Join Telegram https:\/\/t.me\/daytradeideas<\/p>\n<p>Daily technical analysis &amp; signals &#8211; Gold, Silver &amp; WTI Crude https:\/\/www.daytradeideas.co.uk\/product\/gold-silver-forecast\/<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost11433\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost11433').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>Gold has serious triple top risk with last week&#8217;s high for the week at the all time high. Gold collapsed again this time breaking support at 2037\/34\u00a0 to hit a buying opportunity at 2010\/2005 (&amp; wiping out 2 days of string gains). Longs needed stops below 2000 &amp; we dipped to 1999, but if you [&hellip;]<\/p>","protected":false},"author":132,"featured_media":11434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-11433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/11433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/comments?post=11433"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/11433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media\/11434"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media?parent=11433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/categories?post=11433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/tags?post=11433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}