Gold doesn’t behave like a stock or a bond. There are no earnings to model, no dividends to discount, and no CEO to blame when the price drops. What gold reflects, more than anything else, is the collective confidence people have in the institutions managing money. When that confidence is high, gold is ignored. When it starts to crack, gold gets attention fast.
Silver follows the same logic but adds a wrinkle: it has a real industrial life. Solar panels, electronics, electric vehicles, medical equipment. That dual identity makes silver louder, more volatile, and more interesting to trade, but also harder to hold when the industrial cycle turns against it.
Today’s Agenda
Today I will cover Gold and Silver, the historical events and what to expect considering key drivers, Fed, inflation, oil, bonds, and to special situations that produce the biggest moves.
We will also review the status of the high-probability setups posted over the weekend including the charts for SPX, DIA, NFLX, TSLA, SMH, GLD. And other securities that are worth watching given their technical conditions like GOOG, MSFT, BITCOIN, and of course, GLD.
Daily Plan for the SPX and ES=F for August 20th. Last night I anticipated a gap fill attempt today, with 7,729 acting as a significant resistance, which is the rejection zone of the day. Daily levels for Semiconductor giants included.
This week, the SPX reversed as expected below 7,730, dropping close to the extended target of 7,673 🎯. DIA, the Dow Jones ETF, also fell as anticipated, touching its extended target of 532 🎯. NFLX reached its bullish target of 80 🎯, and TSLA is aiming for its bullish target despite elevated volatility. Meanwhile, SMH hit the anticipated bullish target of 600 🎯 before pulling back to 556, another pre-modeled level.
These price targets were modeled in advance last Friday for this week, demonstrating how institutional algorithms react at these key price zones modeled in advance 🎯.
When you subscribe to the paid plan, you receive the following perks:
Daily levels for the SPX and ES=F
Full access to our market intelligence library
Downloadable copies of my two e-books on technical analysis (basic and advanced)
Custom modeling of support and resistance levels for your watchlist, simply submit it every Saturday in the chat and receive your levels on Sunday.
On July 29th, I outlined the technical reasons why gold was likely to bounce. GLD, the ETF we track, is up 11% since that post, proving how technical analysis helps investors and traders improve performance.
Today’s publication is a must read for every investor and trader, it includes historical charts and comprehensive context that will allow you to navigate rallies and manage risk.
Let’s begin with the market intelligence, then we continue with the analysis of setups.