Hello everybody, silver is in no hurry, it seems. I see three scenarios at the moment: Scenario 1 (35% chance) Silver will start a rally as described in my other post (please check link below). If so, the buying trigger could be 15.14$. The sore points on the upside are: 15.63$, 17.70$ and finally the most important level is 18.30$. Scenario 2 (50%...
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Bearish Harmonic identified. Price reached 0.886 retracement and is likely to reverse now as it is at the Potential Reversal Zone. Stops at 16.2 which would invalidate the harmonic and allow for more upward movement. Please use appropriate risk management and position sizing. Enjoy :D
Hi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical...
Multiple 1-2 combinations will soon break out like a rocket. Buy anon & hodl physical! In Venezuela you can buy food for 3-6 month with 1 oz of Silver and with 1 oz of gold you can buy a house. Same situation in germany after world war. At the moment there are over 43.000 applications where silver is used in chemistry, industry, healthcare and economy. 10 more...
Gold in an upward channel. Measured move out of the consolidation would take us to top of the channel. So for this trade better to get entries as close as you can to lower trendline - then your risk is reduced as you're entering closer to a stop level. Alternative scenario - if the upward trend breaks, then look for shorts from close to the rising trendline -...
Silver is reclaiming very important resistance and once again bouncing from a LT rising trendline. It could very soon be the time for a major rally, but a good entry opportunity offering now. Tho waiting for a confirmation with price break above ~17.70.
Multiple 1-2 combinations will soon break out. Buy anon & HODL physical!
Silver price was very low 2 months ago. Relatively, it is still low to where it will go. Buy and hold silver as I believe this has a huge potential to make new highs. Check the monthly time frame. Trade with care.
After an improbable 13 down day streak, Silver is looking certain to break support. Originally GDX was leading the metals down, now the rest of the metals complex appear to be "catching down" as @mark_dow highlights. I have been short for some time as I prefer to sell highs when bearishly inclined, nevertheless, this could suggest a further extension... Which...
18.4~$22 range. Watch out for that in the coming days... Gold is nearly its 5 year downtrend line too, with a higher high price made. Could expect $1500~1900 once again once gold breaks $1320
Failure to breach the falling trend line adds credence to the bearish break from the rising channel seen earlier this week. This coupled with the head and shoulder pattern on the RSI suggests the metal is more likely than not to take out support around $1247 and test demand around $1240 levels ahead of the weekend.
Worth keeping an eye on here to see whether the divergence yields some timing insight here into gold.
As the MACD looks to roll over in TY1 and the rise in yields looks to resume, gold is in a bind given the two have a notable inverse correlation!
Gold weekly chart shows a bullish break from two inverse head and shoulder formations after Brexit vote followed by a rise to $1375 and a drop to inverse head and shoulder neckline support followed by a rebound of the same and a break above $1358 (61.8% Fibo extension). The entire price action suggests we are heading towards $1400 handle by next month or so. ....
Its been very evident that even the strongest bears went positive since BREXIT on Precious Metals for intermittent rally or pullback from the supercycles as we call. Everybody would agree that 1300-1310 would serve as strong demand area and resistance from previous tops especially March 2015 highs. The breach woud open the gate to 12XX and bear would take thier...
After travelling on the overbought region for some time, it seems XPDUSD is now ready to retrace. We just touched the 0,618 angle of the fib speed resistance and already heading south. First target on 0,5 angle around 620's coinciding with last peak, and secondary on the 0,382 on the 600's. Wait for your signal and enjoy the short. All precious metals are on this...