Price is trying to break the resistance level.
after a long correction we can se an breakout with EMA50 Support. Could be good chance to buy. Target over 60€
AG is still considered an inverted head and shoulders in the making, as the first shoulder's resistance has not been broken. Price will likely be bouncing from the support trendline and up to the low 13s.
Frena en el Cluster formado por Fibonacci y sale al alza. Es un activo corrrelacionado al oro y plata que tuvieron una gran recuperacion. pero el cluster formado por el activo genero mucha fortaleza al alza.
Not much to say here, pretty straight forward forecasting. I'll be long if we test 16.25-16.30 range. Note I pointed the arrow straight to the 20th. ;) GL
If AG breaks resistance at $9.22, it will test $9.91. If we break that, the next test is at $11.20. My strategy is to buy a Feb $8/$11 call spread for $1.20.
Potential sells if it turns out to be the Gartley and potential buys if it turns out to be the bat.
Just documenting this entry. AG was Tim West's suggestion, NEM, is a good gold proxy here. Good luck, Ivan Labrie.
Silver looks like it will be on neutral mode until the fed decide what they will do with the interest rate. I personally think it'll be a good idea to wait for the next opportunity.
If this can get back to a $5 will go long front and short back
Been Waiting for this for a while now. Should break out, draw in suckers, and plunge again. Rally prob won't last more than a week. All depends on how strong it is. If very strong, then it prob won't get crushed for a little while. If too verticle or too weak, then will get pummeled eventually. 44% chance of Break out fake-out. I like making these every once...
AG on the weekly could walk higher. Cheers, Keops
My timing could have been somewhat better on this at the sub-12 dip, but better late than never ... . Metrics: Bought 100 Shares at 13.25 Sold Oct 21st 14 call Whole Enchilada: 12.30 db Max Profit: $170 (if called away at 14) ROC: 13.8% Notes: I promised myself after closing out my XME short put that I wouldn't be dipping into any more miners ... . Just...
Long setup according to this geometric pattern. Cheers, Keops
Why do you guys they the dollar was propped up in the last couple of weeks? It's preparing to crash. $SLV $AG looking really attractive at these levels. Going long tomorrow.
At least this is my view. I'm backing up the truck!
The trend is very likely to continue. Silver is more rare than gold while the big banks are manipulating and accumulating silver. This will take off very very soon!