AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator...
In the previous week's update, I highlighted enough certainty to go long because of the ending diagonal (C) of in the chart below. We spent the entire week creating the opening move, which I've labelled wave A or (1) below. There is no preferred structure at this moment, and the complexity of the scenarios should remain on the chart. However, I can somewhat...
It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold. But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and...
Not long ago we mentioned the current strength in the US #DOLLAR. Since then TVC:DXY has slowly crept higher and it is testing the downtrend. Head & Shoulder top pattern is likely done. It is taking to long & pattern has been in place. 🚨🚨🚨 This is the 1st time that the US Dollar has not broken this major support level in the month it retested! IS it really...
After a strong bearish movement, we could see a bullish movement! Entrance= 22.24 SL=23.33 TP=21.5
Silver ETF (SLV) is exhibiting bearish momentum on its daily chart. Price has been rejected twice under the yellow resistance trendline. Oscillators are also starting to lean bearish. Potential downside targets (short-term) could be -5% to -10% down. Bearish Target(s): $22.33, $20.86. However, if price breaks out and holds above $24, this idea would be negated.
I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market. If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those. Today, for no reason, I...
Can you preserve your capital and earn #yield The #crypto market still offers opportunities to do so. Both #gold and Silver are undervalued on a historical basis, and provide places to hide capital during times of #economic uncertainty ... a neutral asset. But #bitcoin the versus #gold debate will rage for the next decade ... owning both is a good hedge....
Looking for SLV to give back some of its gains as it does some backing and filling. Think the dollar bounces here offering a challenging environment for precious metals.
Just a look at where it's been, and where it can go based on where it's been. Entering one of the oldest seasons we have; realization and dependence on basic things like service and what we use the most. Typically, materials like rocks bring value, cause governments and government made cash doesn't. This season will be different than all others. What has held...
Silver is looking like a high probable short opportunity. its already very extended and overbought, but it may want to tag or pierce the orange trendline.
Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed,...
It seems like the US Dollar Index has peaked (as of now) at 108 which pushed gold and silver down drastically. But we could be on the verge of a massive breakout in silver, back up above $25 an ounce as well as gold back above $1900. You could start a position now incase silver continues upward or wait for DXY to fall below 100, but by then, you may miss a...
Silver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
iShares Silver Trust (SLV) is developing a strong bullish bias based on this long-term, monthly, chart. First, Silver peaked in April 2011 (left side of the chart). This is followed by a strong bear market that hit a low in December 2015. This low is tested again March 2020 thanks to Covid. The whole period from late 2015 to early 2020 can be considered a...
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Just another updated long trade idea now that we have confirmation. I will link the Silver and Gold Video down below so you can see what this idea is based on. Trade Parameters: ENTRY: At Market. STOP: $19,894. TARGET: $46 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern ...
long term down trend line may be setting up for a break measured move could send silver to $100 or more could take many years to play out