Key time for OANDA:XAUUSD and GC1! , as gold continues to consolidate inside the triangle. Breakout above resistance at ~1970 would indicate strong possibility of trend continuation and new ATH. However, if support levels are not held, risk of much stronger and deeper pullback to at least ~1700$ is likely to be starting Somewhat similiar logic can be...
Long SIlver / Gold . Chart speaks for itself. We are going to see a massive retrace soon. Mark it
XAG USD during the APAC session provided a nice bottom out and pullback from the daily 61.8% touch. Our analysis yesterday was invalidated during time of posting due to the pullback not completing but testing the main demand highlighted below in the blue zone . We saw a great order block build and the sellers reject with bullish pressure from the demand block ...
Hello, in this article I will try to evaluate the silver that everyone has been eyeing on lately. 0 - INTRODUCTION What Is Silver? Silver, a precious metal, is an element commonly used in jewelry, coins, electronics, and photography. It has the highest electrical conductivity of any metal and is, therefore, a highly valuable substance. In many global...
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone. Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is short. TRADING PLAN: 1-short now 2-SL above the mirror diagonal line and...
The super trade against the main trend should look like this. The market looks overbought. RSI line is in the overbought zone, and it is going to give us a solid bearish signal. The price bounces from 23.00USD round number. In spite of bullish signals from MACD and DMI, we can expect a correction movement toward SMA50. If the price stays below the resistance level...
Might want to convert your savings into gold and silver. End of the day paper is just paper. Have faith in it for what? Correct me if I'm wrong.
Previously Silver had consolidated around current levels for six months, and it is facing that range again after the break out which was followed by a massive sell-off. We can expect a strong rejection here. Final target will be bottom of longterm range.
plz read the chart and trade as per ur choice and leave ur cell number for group msg.....
The market gave us a clear sell signal. The price bounced from 17.50 resistance. RSI confirmed the price reversal. MACD is supporting a downside movement. Also, we have a bearish divergence, which gives us a trend reversal signal. The daily timeframe looks bearish as well. RSI is in the overbought zone. There is a reversal candlestick pattern at the upper...
Platinum Overview Good ol’ XPT closed the week higher. If P action at Mondays open can push P action above this consolidation platinum could have a good week in the green. A hold above this and a follow of the likes of Gold and Silver could see price reach $880 within the next 2 weeks. If American markets fall, will look to see the precious metals take a slight...
Please See Picture For Analysis
The 0.5 level ($14.764) is holding as a support and was acting as resistance previously. We are waiting for volume to show the way. If buying volume comes in we can go look for the $17.5 levels, a break below $14.5 can lead to retest the previous low at 12$.
Silver is finishing a second wave intermediate retracement. It should push above $14.76 before the rally is complete. The next target range resides at $15.15-$16.24. Once wave (2) terminates, wave (3) down will draw silver prices under $7.00. FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
As stated in the previous post, silver offered the forecasted short-term gains (9.8%) before the freefall we are about to see. Silver price crossed the support channel and intermediate wave 3 down is under way. Prices should fall well below 11.00. FOLLOW SKYLINEPRO TO GET UPDATES.
Silver is on a 4 week rebound following the 11.650 bottom made last month. On the 1W chart, this move has recovered 50% of the losses (trading just above the 0.5 Fibonacci) sustained since the decline from the 18.950 Top late in February. This is the reason that the 1W technical indicators are back to being neutral (RSI = 45.325, MACD = -0.562, ADX = 21.014,...
Elliott wave view in Silver (ticker: XAGUSD) suggests that the sequence from January 8, 2020 high remains incomplete. As such, the metal still has scope to see more downside to reach the 100 – 123.6% Fibonacci extension towards 16.77 – 17.07 area before stronger support is seen. The decline from January 8 high is unfolding as a double three Elliott Wave structure....
Yields are going to drop and markets are going to set record highs in 2020. This will put short term to mid term pressure on gold and silver prices. At the same time it will be perfect to get your core position in gold and silver and good miners stocks.