I decided to show you how to analyze a trend using a special technique I designed many years ago. If you look at this chart carefully, you will see that I label certain price levels where certain events happen and then use those points as a reference for analyzing trend.
I also have "TIME AT MODE" using the large green boxes here, which shows that Silver has more time and more price before it exhausts itself. Gold, meanwhile, has already reached its "Time At Mode" target, but that doesn't mean it can't rally.
Be bullish on precious metals when interest rates are negative.
Tim 9:15AM 1/22/2015 18.344 +0.229 last (It was +0.10 when I started typing, fast market)
Comments
Mickette
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Nearly same target Tim
timwest
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Look to buy at the green lines down under the current price. See 17.686 and 17.497? Those are key buyers that you can buy against.
timwest
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Those levels were perfect to buy against!
IvanLabrie
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Great stuff Tim!
Mickette
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Too early for buying
Mickette
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Brian_Coleman
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Tim, Thanks for the great work much appreciated
B Coleman New to Tradingview
timwest
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Welcome to TradingView B Coleman. Hope you love TradingView as much as we do and that you contribute whatever you can to the effort.