Descending wedge / falling wedge. Bullish!. break out is imminent.
Copy paste, please see profile 1/2 IMPORTANT $DXY As this affects: #stocks #gold #silver #btc #ETH #crypto Been meaning to post on US #Dollar, haven't had chance 4 of last 5 days have been battle, cross formation Makes sense since @ SUPPORT, blue line Positive Divergence on RSI $GLD $SLV $BTC $ETH - 2/2 HISTORICALLY, weekly basis: US #Dollar has HARD time...
As we can see we've a good trend for a long strategy. The candles have already tested the support line, but the price of silver continues to rise, and we believe in more higher highs and higher lows, at least until the orange line to be tested (it's a daily resistance, that I've been using for a long time)
Silver is just sitting on top of the prior consolidation zone (pink) , monthly demand right below it. (also there is weekly demand right ath the level.) The confluence with OTE makes me think that this may be a good area to start some Silver exposure, and adding full size if it dips down into demand and reclaims pink again.
On the XAUUSD chart, a clear SMC setup is seen. After the liquidity grab, the price has reacted to the weekly daily-refined supply zone with a Head and Shoulders formation (4H). To complete this formation, the price might bounce off the 4-hour flip zone. Drops, breaking through the support and making the next break of structure, can stop at the nearest demand zone...
If US Core PCE y/y comes in above 5.2% US Core PCE m/y above 0.5% Then expect USD buying XAUUSD selling SP500 selling
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
I missed an entry when gold and silver were going up and providing setups for a long and the only reason I did it was that I concentrate on enrty with GBP/USD. All day this pair was not giving you anything I guess because of Putin's speech and the upcoming FED interest rate. I planning to go short on GBP/USD. Let see.
Crude Heading towards new ATH shortly 7600/8100/9000++ Commodities cycle starting
Close eye's on the commodity market today, after a beautiful corrective move on silver we are looking for sells to capitalise on the next wave down, looking for price to break above the Asian session consolidation and test the daily supply zone identified above, if price follows the projection we will be waiting to see rejections and entry confirmations on the...
There are a lot of predictions regarding gold and how it's going to start its bullrun and a move to 5000 in the next 1-5 years but I really don't see it that way. In this 6 month candle chart you can see that in the next 7days we will be closing and confirming what seems to be a potential "Gravestone Doji" signalling a trend reversal . Also we are inside a...
In last session trade moved back 1814 level. Gold is still in down trend channel and will be accumulation range as shown in our previous chart. Red zone will be support area if it breaks this then we will see continuous sell pressure which can take it to extreme bottom. In alternative scenario we can see gold will hit $2400 if potential support remains intact....
-INTRODUCTION- Silver has recently reached a new low at the 20.500 level. After reaching a new low, the price has formed a bearish flag channel, retraced, and retested the previous support level of 20.200. Therefore, we will be looking to enter sell positions after a confirmation of a short-term trend change. -TRADING PLAN- The price was strongly rejected after...
SILVER 17 May 2022 The daily expected volatility is around 1.75% With an 80% accuracy based on the historical data, we can assume that the price of SILVER/XAGUSD today is going to be between TOP 21.95 BOT 21.2 All of this taken into account with the opening price of today which was 21.57 From VOLUME POC point of view its above 21.6 which imply a bullish momentum...
Hellooooo traders...another one!! Silver has taken out equal lows (Liquidity) and seems ready for a move up. Gold is also showing a sign of an up move. My TP is set at the order block $25.643. Trade with care...BLESSED WEEK AHEAD.
Yesterday, silver has arrived at a key level of 21.700. We can see from the daily chart that this level has been the bottom of the channel since 2020 October, where all prices have bounced up from this support area. Observing in details, we can see that all bullish reversals have occurred after clear bullish candlestick patterns were formed. Therefore, in next...
$SLV dipping into the most historically significant area of supply/demand; trading below this area represents a break in market structure. Further, I'm macro bullish on commodities as I anticipate a hard landing from the Fed. $SLV worth a bid at these levels.