Gold and Silver BREAKDOWN MAJOR Support Coming | Mining Stocks Create Long-Term Power Setup

Gold and Silver BREAKDOWN MAJOR Support Coming | Mining Stocks Create Long-Term Power Setup

hey Traders uh what I want to share with you today is why I believe gold is getting ready to break major support level there’s a really big support level around the 2300 level on gold and I believe we’re going to actually see a flush down below that but there’s actually an amazing pattern that I believe is forming coming up uh from that flush down uh which is really really exciting I going talk about silver as well too what’s been happening with Silvera and also I’m going go going over the mining sector as well too for you so that’s what this video is all about so let’s get straight into it guys don’t place a trade based on what you see in this video because there is no guarantees of making a profit in the market it takes you a long time to become a good Trader so this video here is just to educate you to become a much better Trader all righty Traders if you do need some help uh I’m giving away free complete access to my complete Mastery course uh for free uh the very first video you get is my actual trading system so start off with a bang 25 minute video uh walking you through my actual creating system um so you can start using it today first link in the description there guys so let’s actually go through and actually talk about the gold market now one thing that I’ve actually noticed through my actual trading career is this okay so firstly we’re looking at the actual daily charts here but I’ve actually noticed this is actually potentially a really really powerful pattern for the upside now bear with me from here bear with me so one thing I’ve noticed is um is when we’re looking at these these daily charts right A lot of the times we can focus on the daily charts and I’m looking at say 6 months worth of data on my screen here but one thing I’ve noticed is that um a lot of the times we can get these what’s what’s called short-term drops in the markets so shortterm drops but in an overall bull market and what am I talking about here so the big thing for me that I’m always watching for is let me bring up up here is my weekly charts and I’m always looking at what my weekly Trend okay what is my weekly Trend now what is what is a trend trend is highs and lows right so if we have a look here so we have move up move down move up move down move up move down right so as this Market’s coming down through here and if this is a weekly chart right and this might be what one maybe two months worth of movement on the downside who’s still in control of this Market the buyers why because the still in an upward Trend we’re just going through a counter trend on the big picture so this is where it’s important to keep an eye on that big picture right it’s important to keep an eye on that big picture because that shortterm daily charts if you just focusing on the daily chart there you’re you’re missing the big picture here right and and so sometimes we need to step back so okay what’s the big picture and so whenever I look at the weekly charts like you’re look in front of me I can I can see automatically up and then down down then we went up right we had such a big move to the upside now we’re just gone through here now what I believe is coming is we’re about to break major support and I believe there going to be a real big flush down followed by our revers to the upside let me show you an example of a trade that I took um uh when it comes to this here when it comes to the shortterm flush Downs followed by it’s I I CAU like a slingshot P right cuz it is it’s it’s like a it’s a flush below support and what what ends up happening here is this let me go to the Daily charts let me go back to the Daily charts here so what ends up happening is this people that are long people that have gone long gold here where are their stops they’re here right they’re all through here they’re all through here we know that okay so they place them at the loads okay I’m going long gold right now and if it driv Blow there they’re going to run the stops but what also happens here as well too what also happens is that people that are actually bearish gold I don’t know why you’d be bearish gold but you know if you’re bearish gold did did I just get a thumbs up from you guys for for saying that um but if I’m B but if people at a barish go guess what they’re doing they’re looking to put on they’re looking to short gold looking to short the Futures possibly even looking to buy put options on the God right cuz we’re starting to flush down about past this significant support level around 23 300 and the market does this and it’s like a double it’s a it’s like a double donut type in double donut in the chat box below guys um and it’s a double donut because people that are long the market flushes down to stop them out and then people that are looking to go short they’re like oh it’s breaking past support level let’s actually go short now and then a completely reverses against them it does this and then it completely just does something like that here right and this is actually it’s actually a really really powerful overall pattern because remember guys where are we right now on the weekly chart right so as the Market’s coming out even if we do get a flush down where’s the overall trend it’s still U right we’re just having the overall major trend is up that’s why um for you guys that were around at the start of the year that’s why I I was getting ready for such an incredible move because the market the Mark if you go check this pattern out right it’s really really really amazing the market tends to do this it’ll have a shortterm flush down past support levels and then it’s like a slingshot and then it slings to the upside and for you guys that were’re around at the start of the Year see this level through here see that through there see how it actually had this shortterm flush down past this major we had all this support level here right had a short-term flush down to pick back up and then when we got this big large bar through here that’s the day that I actually went long um the GOL price and and again I actually documented this on YouTube as well too right so you can see that and then I wrote it all the way up to around about this day right here um again I documented all that on YouTube so I did all that live on YouTube so you can go check that out um so the so the reason why I’m bringing up is because guess what now we could be going through the exact same thing right we could be going through the exact same thing right now of a shortterm flash down and so that’s what I’m watching for when it comes to this here now let me let me show there’s a I’ll show you this here so if I go to am WD this is a really good example of what I’m talking about of what the market likes to do right when we’re in a big bull market right so if we go back to here this is a trade I took here right so let me go back see this see um let me go back to here let me bring up right see this large bar breakout through here this is the day that I went long last year okay and this is this is I’m just using this as because it’s just what’s on top of my mind as I’m doing this recording for you right but why did I go long here well one of the due due to the pattern that I’m thinking about right look at these weekly charts what is this weekly chart see how this weekly chart what it had it had all this had the support level now these are weekly bars right then look what happened we flushed down what what what was that and then we had a slingshot move to to the upside if we go back to the Daily charts now You’ be able to see what You’ be able to see how we had this shortterm flush down now that short-term flush down was what just a shortterm why cuz the overall weekly trend is up so this is probably just a short-term flush down what I like to call a slingshot pattern and then we actually had to M then we made us way then we made us way back to the upside so that’s that’s honestly what I believe is probably going to be forming in gold right now um I believe Gold’s going to get a flush down and we’re making slight lower highs here on the on the daily charts highs lower highs lower highs than the other charts so I wouldn’t be too surprised guys to see this have a big flush down past support level but um I honestly believe this is going to turn into something you know even more even more significant from from there if I go to my sort of my yearly charts from here I can see there’s actually a strong level of support and resistance coming on through through there is there is there is there a channel there no all right so through there right uh and I’ll just keep that thin through there right so let’s actually do that so I’ll keep it up through there right yeah so somewhere through there so even if we do get a flush down guess what it’s probably going to come through here right and the really interesting thing is is my moving average is very very very close here so if we do get a flush down guess guess what’s guess what’s coming guess what’s coming probably the same type of pattern right again the market loves to do this so what am I expecting I’m expecting a drop down maybe and maybe even last for a week what I get a drop down and and then it does nothing for a bit may get drop down and then we start to see the slingshot pattern now if that did happen and that happened over the next say course of couple of weeks right we got the flush down we got fight assing around not really much going on and then we picked back up what is that really right in the big picture it’s what up high low up down it’s a big bull Trend right this is where Traders whenever you’re trading the market if if you’re looking at Daily charts to look to see for some entry setups for yourself always be making sure you keep an eye on that Weekly chart because if you’re looking to go short the markets and we’re in a very big bull market you’re probably going to be very very very short lived or it’s going to probably go against you really really quickly because you’re going against the market this is where Traders for me I’m always this reason why I’m always I’m always looking for moves to go with the overall Market because that’s where the biggest and best trades are in the markets there so that’s obviously what I see there happening on gold guys so get ready for it Get Ready Get Ready Get Ready Get Ready all right moving on to silver silver right and the silver market is pretty much the exact same thing I’m expecting a bit more weakness out of silver but is silver going to do something similar and what I’m I’m talking about here is I’m just looking at my charts through here we do actually have you know what there could be there could be there could be a couple of couple of things that I’m seeing here right now guys okay check this out this is pretty cool I’ve seen now we talked about the the false breakdown right on gold right so it flushes down and it’s a false break down big breakdown coming in in Gold followed by it’s a false breakdown cuz why it doesn’t follow through and then we see it’s more like a sling shot so it pulls back and woof where we go right we saw that with gold and that’s what that’s coming off the back of a support level right so we have the support Right comes down flushes down support and then it’s like like a bit of a SL shop pattern to the upside okay so one thing I’ve also noticed as well too from time to time is not just horizontal is that horizontal across not just lines across but vertical right so where we could actually get a flush down below here like this here come back down and then come back up like through there right why because it’s a it’s more like a line through there right we’ve had we’ve got a significant line through here that is definitely relevant in the market right now for silver right so if gold does get the flush down maybe silver does B too but this is where silver could be getting ready for a double a double false breakout pattern which could be quite powerful for silver check this out now check this out right what am I talking about well there’s major there’s a bit of a a good strong support level there right around the $29 level followed by this uptrend this is where it gets pretty awesome right now Traders this is where like for me for me personally I’m always looking at trading setups right but I’m always focusing on the markets see what I’m doing here right now guys I’m just focusing on the actual markets itself that’s what my trading course is all about really right the first video you get from my trading course first thing description is all about you know Max trading system but the whole trading course really is about teaching you trading techniques like this how to actually read the market because the market is the most important thing right it’s not the macd or all these indicators right it’s like okay the market is always telling us a story and if we can the better we can actually read that story which is this thing here the chart the better Trader will be right make sense um and see see what I’m doing here see how much information you’re getting from just the actual Market itself that’s where power comes involved right that’s when you start to become what I call a Master Trader right so double support level could be could be what check this out now low we have this low through here if we get a flush down what’s that going to look like say we get something like that what is that oh my goodness it’s a break it’s a strong B support level ah ah now this is where it gets pretty awesome right now you don’t definitely know this is going to happen but what if this is now a double false breakdown to start the slingshot move it could be pretty powerful right so we have the support level here remember I said about gold right where we had the flush down the falce breakdown and then we had the move back to the upside right I’ve seen this so many times cuz remember what’s that Weekly chart what is the weekly chart this is the weekly chart here on Silver what is the weekly chart it’s strong to the upside right like very very very strong to the upside the last low is where here right the last low is around about that 27 so on the on this weekly chart which is what that’s those that that’s that that is the two trend lines there the major major low is down through here right right so bear with me from here if a market is if a strong Market is higher lows if we get something like this happening on the weekly charts on The Daily charts and we get the break past of the support level what’s the trend still at this time the trend is up right CU we had this low Point through here and we have this that’s that that’s that last significant low point right what if we got something like this then who’s still in control the buyers right why cuz we’re just it’s still a counter Trend we haven’t changed Trend yet have we right cuz this is what can happen sometimes and then suddenly what happens we do this we do this and we get back above and we go through a bit of a slingshot move and now what’s happening higher low higher low right so as long as we may come down close to the low but as long as we’re still making these major high lows in the weekly chart the overall trend is to the upside and this is just a this is just now this is now part of the correction counter counter Trend or the pullback that the counter Trend which is against the trend which could be very very very shortlived right so we see that through here and you see that through all different types of market and this is so so so important um when when you know when when looking at it right so if I go back if I use that exact same analysis I’m looking at there right and I go back to to the actual gold market look at this here what actually happened here right we had what we had a rally up and we had a rally back down so that was a significant low point right so that significant low Point simply says this if we break that low we’re no longer in an upward Trend but what can happen sometimes is that it may even go up and then come back down to that low but not break the low therefore it’s still in an uper Trend now it’s not a strong upward Trend because the difference between strong Trend and not strong trend is this point through here right where it retraces and then away we go again right 50% retracement so on so forth but a trend analysis of what the the Market’s doing is this hit right which is you know looking at these markets here and seeing okay we have this low Point through here and so therefore if the market doesn’t break that low we’re still the buyers are still holding this upward Trend through here if we break the low now especially on that Weekly chart now we’re talking right so let’s go back to the silver market here and so therefore we can see what’s happening to here so we would need the severely on this overall weekly chart we would need to severely break below this 26 level for this for this upward Trend that’s in place right now for it to be over so let’s go back to the Daily charts now check this out right see see what I’m doing here guys so right now what I’m looking at here is this this is where it gets really really really awesome we know there’s actually a bit of a significant sort of trend line coming down through there somewhere right something like that going on right now this is actually a bit of a let me change this color here for a bit right um change this to a pink and I’ll change that through there now check this out we know this is the this is the pullback here right pullback counter Trend this is where Traders if you’re trying to trade these counter Trend here counter Trend here it’s not worth it right it’s just not worth it trying to go short here or even trying to go short here so what happens here is what I’ll be watching for is if we do get this if gold does do something like that and Z does something like that and then we hold and then we get something like that and we get something like that now that would be awesome why false breakdown times two which is this level through here and this level through here right it’s a false breakdown the the Market’s doing the exact same thing it’s running the stops because people have stops through there people are looking to short silver oh it’s breaking past support level right they’re not keeping up most and then a lot of retail Traders don’t have the concept of the big picture so they’re think oh here we go still is got to go down let’s go short right we got go buy some put options on there or whatever but then what happens it turns around right turns right around comes right back up and gives you a bar like this what do what do you think is what do you think is happening through there not only did we actually get back above all this major support levels there one here to here but now we got back above this three here what do you think is coming next we may the overall move to the upside right now if that did happen again this is where like guys the if scenarios right CU in the back of my mind I’m looking at if this Market does this over the next say week or two if the market does this on Silver and if it does do that guess what I’m ready for a good trading opportunity because I know that if this happens the Market’s telling me we’re getting ready for another move to the upside and what is this right if you look at this if we step back in my trading system guys in my trading system my rule number one I have five different rules five rules um rule number one for me and again I teach you my trading system for free first second in the description the very first video you get is actually 25 minute video walking through step by step exactly what my system’s all about how I came across this system and all that sort of stuff right but what is this here right it’s just what we’re trading with the trend right that’s what that’s what this whole thing is really about we’re just looking for opportunities cuz guess what trying to go people looking the short short is probably not a good idea people trying to go with the markets these bull these these legs through here very shortlived very shortlived very shortlived and volatile these legs through here strong strong strong guess what they’re the best times to be getting involved with it right cuz they’re the ones especially utilizing options when you get the when you have the involatility with options on and so forth um you know they’re the you should be looking for right so watch out for this for silver cuz there could be a secret silver pattern right I’m thinking about what do I title this guys what did I title this anyway you know what Traders leave a comment section below i’ I’ve titled this video whatever I’ve title it because you’re watching it right now but let me know what I should have titled this video I’m thinking about like the the secret silver pattern or whatever anyway so there’s a bit of a deep dive into gold and silver guys and a bit bit of a technical analysis behind what’s happening here and also this technical analysis I’m using I’m teaching you guys guess what it happens across all the markets right because the markets really operate the same way they create these patterns so keep an eye on these overall patterns the weekly charts and the false breakdowns cuz they’re pretty pretty powerful right especially that false breakdown you get that false breakdown with that big weekly Trend coming in place um there’s actually a few stocks that I’m actually looking at right now that are doing that exact same thing we’ got a big weekly upward Trend we’re g through a bit of a counter Trend and that daily charts bit of a bit of a false breakout false breakdown to create the slingshot move it’s so so so so powerful anyway let’s go look at the actual mining sector right so the really the really interesting thing that I’m seeing with the mining sector guys is that the overall mining sector for me is is the gold nugget right no one talks about the mining sector I love mea mining I love mea mining right put a comment in the section Below guys say love me mining love Mees m right Mees love Mees some mining right so what’s happening through here so if I’m going back to my let’s go back to the weekly charts here for a minute what’s happening through here right Trend analysis let’s go back to rule number one which is the trend we were making highs lower highs and an equal high so we were in some sort of a downward Trend through here what’s happening now we broke the high up down so for all this time for the for all 2023 there was no Trend but in fact there was more of a downward Trend more pressure on the downside than the upside but what’s happening now we just created a higher high this where gets really really awesome right guys this where gets really really really awesome and um and there’s a lot of information the market can give you right so again let’s look at the if scenarios cuz the if scenarios is this if the mining sector the GDX chart right now actually holds here right this is a weekly chart so let’s say we do something like this this week here and then we do something like this this week and we do something like that and then we do something like that let’s say over the next month or two maybe the next couple of months we do something like that and we start to break above that high what have we now just established a new upward trend has ensued now the reason why I believe that could be the trigger for something big to come is cuz that’s the this is the last sort of maybe couple of years but check this out this here is what’s been going on for the last 10 years and you can clearly see this trend line here is definitely relevant in the markets resistance resistance resistance and come back down through here there could be a real big breakout coming right real big big big breakout coming in the mining sector guys right but I believe this is the weekly chart here right guys let’s go back to the Daily charts here right this is the daily chart here for the last 6 months maybe for the last one year I believe that it may take right remember this that that’s that that line through there is what is that major resistance line all through here I believe it could take a month or more I could be wrong a month or more for that to happen this is this and this is where guys like really beig really good trades that last can that that can last for quite a bit of time that can make really big profits right um I’m not talking about these short-term trades where you get in today and hold for a couple of days and get out I’m talking about trades where you get in and then hold for maybe a month or more that can really pick up some really good returns um it’s probably going to be mining sector right cuz again this line through here is what that line through that this line through here is that big weekly line through there and if that starts to form into place ah Traders Traders guess what so one thing I’m watching for is the overall lows it will come back down through here I’m waiting to see what’s what what do we get here because if we get something like this guys this is this is the this is that that we know this is the uh the daily charts now and see what I’m doing here Traders when you start to combine your analysis like this what what am I doing here I’m focusing so much on what the market is telling you right so much power in what the market is telling you because the market gives you Guidance the market does right because if we do something like this right we do something like that we do something like this which by the way that’s a major support level this could be another false breakdown you’re going to start to see the false breakdown patterns everywh now guys right cuz the the weekly trend is more now to the upside isn’t it if we get something like that right or what would be Absolut perfect for me for me personally anyway would be this is if we get a breakdown like that come back up through there and then we start to get a bit of sideways movement and then we get some sort of like large bar like that through there and a big like big increase in volume if we got something like that trade is oh you can focus on your AI stock you could focus on your Bitcoin going 150,000 you could focus this guy right now again guys I’m this is technical analysis right this is how you look for trades to to to get in for a few weeks maybe for a month or more then get out and that’s how you make income throughout the year right I’m not talking about Investments Investments is you’re going to buy and hold that I believe there’s going to be massive moves for the for the next five years coming out of the mining sector but when we’re talking about trading opportunities right like I want to look for Investments is buy hold this here is about technical analysis identify opportunities so we can make make income this week so we don’t have to go to that go that that that job right that’s what it’s all about or should I say income this year should I say I’m looking to make income this year by doing this so therefore at the end of the year you know you can do really well so that’s the GDX through there the GD that yes the GDX and the GDX J is pretty much the exact same type of thing right is that we’re actually well we did actually have a big trend line coming down through here but it’s it’s not really right it’s not really through there we did actually have one trend line coming through there the gdxj is one of those things that’s actually already broken out to the upside look at this Roth here right so that’s that level through there we had a big move to the upside and now we’re coming down to these major levels of support or through here right so as you can see the GDX is actually already broken out to the upside and now now we’re just getting this counter Trend trying to go short mining sector not a good idea not a good idea um and now we’re just coming back down to this level through here so I believe we could be seeing a lot more upside from there let’s go to the S and the S is pretty much the exactly what I walked through on the GDX there and what is that we got this major long-term resistance level which is the exact same type of pattern which what I walked you through with the overall um with the overall U mining sector from there so there we go Traders hope that helps you out today Traders if you do need some extra more handholding help and you like what I teach here and you think oh this guy’s under something then you may be a good fit for my intensive coaching program I’ve just opened up a last couple of spots for my six months intensive coaching program that means this stuff that you see every day right and you’ll be able to see the trades I’m doing every day and I’m coaching you every single day the market is open for an hour or so you’ll be part of a small group I call six-month intensive because you’re with me for an hour or so every day and I’m there every single day the market is open to really make sure you are staying on top of your trading to get your trading right if you’re finally ready to make your trading to another level and you’re finally getting ready to get us some and you’re ready put into and you are ready to put in the work for the next six months right to actually become a professional Trader then the six-month intensive coaching program may be a good fit for you that’s second link in the description there guys or go to get johs help.com fill out the application form book a time with me guys and I’ll personally call you to see if you’re a good fit see you TRS

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