Hello,Traders!
SILVER went down from the resistance
Just as I predicted in my previous analysis
But now it will soon retest a local
Horizontal support from where
A tiny rebound is possible
Buy!
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We trade this often in Camelot as Excalibur works well on it. Illustrated is what we feel is the potential move to come as long as we're below the resistance level above.
As always, trade safe.
KOG
As you see in the 4H chart, XAUUSD was moving in an ascending parallel channel and after rising to 1807 which was the highest price for it in the past few days, price could not grow more and failed to reach the the channel’s upper band in its last upside move and dropped sharply.
Currently, we can see the downside pressure on price and it is trying to break the...
Hello,Traders!
GOLD has retested a key horizontal level
And then broke the local rising support
So now I am bearish biased
And I think that Gold will go further down
Sell!
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Hello,Traders!
SILVER has hit a horizontal resistance level
And we are already seeing a bearish reaction
Thus the pullback and a move down
Are to be expected
Sell!
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As you see in the 4H time frame, price is in an uptrend and has made a higher high and a higher low.
Currently, price is moving in a rising wedge and is moving towards the resistance level at 1795.
If price breaks the resistance level and closes a bullish confirmation candle in lower time frame (1H) above this level, I expect more rise on XAUUSD towards the next...
✅After the retest of the of horizontal resistance
It makes sense to expect a bearish correction
As SILVER is overbought the market players
Will be taking profit from the level
Fueling a selling wave
SHORT🔥
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Hello,Traders!
SILVER is going up from the support
Just as I predicted in my previous analysis
But the resistance level is ahead of us
So I think we will see a move down
After the price retests the level
Sell!
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See other ideas below too!
✅GOLD was trading in a rising wedgef
But now we are seeing a bearish breakout
So I am bearish biased and I think
That the price will fall down
To retest the demand level below
SHORT🔥
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DXY looks to be inside an expanding diagonal which could make it all the way to that top TL for the 5th leg up.
Or could hit the 618% maybe even overshoot a bit then roll over.
Hello,Traders!
SILVER has retested the horizontal resistance
And after it failed to breakout the level
The price has established a double top
With the lower high which makes us bearish
Thus making us expect a further move down
Sell!
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Hello everyone! As Pelosi is going to Taiwan, things could get ugly between China and the US, sending gold higher. However, gold is currently at key resistance, and the quadruple/quintuple bottom lower will most likely break. For a while, I've mentioned how I believe gold will go to 1650 and potentially down to 1300 before it bottoms. There are many different...
Silver has risen by 11% in the last two weeks. This performance comes after losing about 30% since March 8, indicating a so-called bear-market rally.
The main macro driver behind the silver price recovery has been a sharp drop in US bond yields, with the 1 0-year yield falling to 3-month lows at 2.6%, its lowest level since April, as the market...
Hello,Traders!
SILVER made a sudden breakout
Of the falling resistance line
So we are now bullish biased
And the expectation is for the price
To retest the target above
Buy!
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See other ideas below too!
Hello,Traders!
GOLD is falling sharply in the downtrend
And there is still some way to go
However, a strong daily horizontal support is ahead
And after the retest I will be expecting a bullish correction
Because Gold is oversold already
Buy!
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Price is moving up from the 9 month support level. Two bear traps in May and June and now price is breaking out.
Formulate a plan with solid money management. What if it doesn't work out? How will you respond?
Define how much you're willing to bet. Anything can happen (Mark Douglas)
Risk: 180 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
Weekly chart analysis shows that we are in a bit of no mans land here. Weekly support here on WEMA 200, but if my analysis is correct W2 should actually drop to $1,370.00 Before starting the next leg higher.
So left to be seen I guess. either way $3,000 plus is soon on the way IMO.
Greetings community
The precious metal is YET to get more precious. With price set to decline from it's critical resistance, anticipate short's from $1800's to mid $1600's. Technically, within a descending channel, we can have anticipation of formation of a double bottom (W) at the demand zone which would then lead us to the all time high (ATH) above $2000.
Once...
