Kumowizard
Long

Buy signal is looming on 4H. Get ready before short squeeze!

FX:XAGUSD   Silver/U.S. Dollar
265 2 6
Positioning is extremely short both on Gold             and Silver!

We are very close to a bullish reversal on both daily and 4H, which may cause similar short squeeze that we saw yesterday in EURUSD!

Daily:
- Ichimoku is bearish , but Price losing momentum . Market is very oversold with price far below equilibrium levels.
- Since 23/Nov bears have tried few more times to push price even lower, but close below 14 failed 4 times! Thus we have to consider it as a bearish consolidation, with some bullish divergence in haDelta/SMA3 and in EWO.
- Heikin-Ashi has some early warning for a bullish reversal and a possible pull back ahead

4H:
- Ichimoku neutral with a very thin Kumo above Price. Thin Kumo and flattenning 100 WMA shows despite some attempts to push lower, this mkt on average is just consolidating.
- Heikin-Ashi shows initial positive signals! haDelta/SMA3 bullish cross may happen above zero.
- Key reversal level is 14,15-14,20

Get ready to enter long! Watch it together with Gold!
Rupesh
a year ago
NOW RESSITANCE TURN 14.70 ONLY BRAK ABOVE SILVER TARGET AROUND 15.00 OTHERWISE I WILL SHORT ONLY.
Reply
Kumowizard PRO Rupesh
a year ago
I closed the long at 14,52 with the top doji-like Heikin-Ashi candle. I saw the resistance ard 14,70 too, and the breakout move was very quick. As the trade was a counter trend swing long against the major daily time frame, I could not resist to take profit after such a quick and nice gain.
Since then I rebought more Gold - You probably saw my buy idea on Twitter, if you follow me there too.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out