Does current gold rally follow the parallel channel as shown in the chart to eventually resume down trend?
As show in the chart.
So here we go. We are sat at 786 here with some inside bars- possible fakey is maybe next to come. If that happens we could see some correction to master S and then up move continuation. The level that we are approaching (1350-1400) is huge and it has been tested many times before. We gonna see a big fight once we get there. If we break it this time we could see...
Silver may push off resistance around $15.60 back into consolidation with support at $13.65. If support is breached on the weekly timeframe, this market may finally capitulate with a target of $10.35. Remember, this market has been in a cyclical bear since 2013 on the weekly and lower, and the EMA50 may cross below the EMA200 this year on the monthly: ***This is...
As shown in the chart
As showing in the chart.
After G20 meeting and outcomes related to pause of trade war between US and China brings Dollar index to cool down from High level. Technically Gold future continuous contract breakout from falling wedge pattern and to consider this breakout and price forecast it can rise up to $1261-$1266. Now $1222-$1224 act as support.
HEY TRADERS!! Well well well on a weekly chart we can see inside bars so fakey may be coming next. We have only one session to produce that weekly fakey tomorrow. So in short we have 2 options: Either we bounce from gold fibo(618) tomorrow or we will drop lower to 1172 area to hit a hot spot (786 fibo +monthly TL). If we bounce again from that monthly TL we...
Silver is catching up to Gold with it's volatility contraction. We are appraoching an influential FOMC meeting and perhaps the market is preparing for a breakout in the USD.
Gold has been in a tight range for the past couple of weeks. Our relative width indicator is pointing to a volatility contraction which leads to volatility breakouts. Keep your eye on this one.
I'm currently traveling through Europe, doing a tour of Germany, France and Spain. Being the Gold and Silver bug that I am, I like to check the price charts in the currency I'm using. Even priced in Euros, Silver is painting a deathly head and shoulders pattern, probing critical support. Even in Euros, the measured move projects down to below the 2008 low of...
The recently, experimentally drawn pattern on the yellow metal’s charts has been broken. However, note that this provides an opportunity for more charting. First of all, if one looks at the recent almost horizontal decline, it can be spotted that there exists a short term descending pattern. Due to that reason it can be deducted that the previous pattern...
It is a matter of time for Silver to brake the current Pennant. Due to numerous reason (check the attached idea) my opinion is that it will brake bullish. The only question is if it will have a false brake down before the pump starts. in case of a brake down, I see the levels of 15.575 and 14.630 as strong horizontal support
Gold finally breaks the resistance formed on the downside at 1301. I had posted the chart a month back, it was clear that gold will fall due to multiple attempts to the upside but couldnt breakthrough. We can see some minor pull back to 1301 and than another leg down towards 1275/70, I am looking at 1220 being my first target on the down side. as long as it stays...
Look.... Poor Silver has been manipulated for years... but that's okay.. Cheap $silver for us right?? Better hurry up and stack as much as possible cause things will change quick...! Silver is completely off the radar to most investors, it will turn out to be one of the best investments to own as the massive amount of leverage in the stock and real estate...
After the massive drop caused by the appreciation of the US Dollar on Tuesday, the yellow metal's price traded sideways between two pivot point levels. However, it was about to continue the decline. The reasons for such hypothesis are two. First is the fact that the metal has fully confirmed the breaking of the previous dominant channel up pattern. Second is the...
i.imgur.com GOLD weekly - While we held nicely to the resistance - only a break and a closes under 1290-93 would suggest a top even be a temporary is in.