Let's make a case for getting short here with Silver/Dollar on based on the techicals.
Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn.
We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in...
Based on fibonacci timeframes, I believe we've seen a low medium term.
Silver is also holding the 200 month moving average. I believe the swing should bring us to the 100 month moving average around 22.
In my opinion we should see a run to 21-22 by 2017.
Currently, gold is budding up against intraday resistance, following two consecutive sessions of gains on a weaker dollar. As the rate hike came and went, many – even those who ushered in the hike with excitement – are beginning to wonder if the Federal Reserve waited far too long to boost interest rates.
The yellow metal had began its two-day rally by finding...
Coiling within this range since September 2015, lots of potential stored energy in here.
The next breakout candle will be big, I'll be expecting at least $15 within the next 2 months.
At a time of this extreme bearish positioning by hedge fund in precious metal, you should be long :)
www.zerohedge.com
A strong temporary bottom is formed at 13.7 for now. Yellen's...
Precious metals jump higher ahead of today’s FOMC minutes and potentially the first rate hike in the U.S. since 2007. Why? It’s most likely contributed to the fact that the majority of market participants believe Fed Chair Janet Yellen will remain extremely dovish post-rate increase.
A dovish hike may be a hard sell , as Nomura suggests, but precious metals may...
In a previous post we mentioned that silver is about to skyrocket very soon. Last week price broke a strong resistance level with a sharp upmove. This move represent a XA leg of a gartley pattern which is about to complete..
I will enter this trade with three positions.. If price reaches the first target we move stoploss to breakeven to the rest of the...
The iShares Silver Trust (SLV) has been beaten bad, falling over 13 percent prior to Friday’s rally. On a combination of low inflation and low growth, silver has fallen long out of favor with Wall Street (but remains a small investor’s favorite).
But, there are a couple factors that could signal, at least in the short-term, SLV may see some upside.
First, price...
Hi all,
On this chart we have the trendlines and support and resistances zones.
When a trendline breaks, price will retrace, at which you can enter in the original direction.
They are an indication of where to enter.
Best of luck!
After a sharp rally price in silver is testing a long term resistance level. At that level we have two very important factors which makes me believe that price will sell off. First, we have a completed butterfly pattern (price almost touched the 1.27 level but it's valid to me). At the same resistance level we have a completed 5-3 elliott wave cycle with C wave in...
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel.
There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail.
(see the chart)
$1,000 per ounce is near - an existential victory for Wall Street
Historically, gold has been a go-to for times of financial uncertainty, whether deflationary or inflationary. Unfortunately, with the perception that central banks around the world will stimulate until growth shows up (hasn't so far) and a global slowdown won't turn into a global recession, gold...
Silver is currently doing a "triple bottom" and about to break down from this current level. Drop into previous resistance is expected. Which should be around $8-9.
Should silver price in retail demand or economic sentiment?
Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher...
It is better to look for short signal based on H4 downside trendline. Take short entry when price breaks 15.61 level with a reasonable stop loss on lower time-frame. Though gold has a reversal pattern for going down too, it is not as obvious as silver.
