$XAG - Silver! Where to next? Technical: CH down - Wedge/Triangle Break to either direction Enjoy TJ
I’m bullish on silver. In 3-4 years we will see XagUsd above $100. Buy silver, silver stocks.
Silver is special as it is both an industrial and precious metal. So, let’s look at Silver from both points of view to identify what seems to be dimming the shine on this metal. As a precious metal, we can compare silver with the dollar and yield as both affect the demand for precious metals. Dollar and silver are generally negatively correlated, with a stronger...
Previously, since Donald Trump started the US-China trade war, Gold has been on a clear trend forming a Cup & Handle pattern in the weekly chart. This was covered in earlier posts with decent accuracy, until recently. It appears that the Gold volatility is significantly heightened, to the extent that the the Handle may have been broken. The weekly Gold chart...
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! Like, comment and subscribe to boost your trading! See other ideas below too!
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
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! Like, comment and subscribe to boost your trading! See other ideas below too!
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...
✅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🔥 ✅Like and subscribe to never miss a new idea!✅
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! Like, comment and subscribe to boost your trading! See other ideas below too!
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.
✅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🔥 ✅Like and subscribe to never miss a new idea!✅
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...
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! Like, comment and subscribe to boost your trading! See other ideas below too!
Many traders believe the current setup in Gold/Silver is similar to 2018 or 2015. But the reality is this is more similar to 1999~2003 with a strong US Dollar and weakening global currencies. As long as Gold/Silver continue to strengthen while the US Dollar stays strong, foreign currencies will weaken and wreak havoc on foreign markets. Eventually, the risk...
After, over 500 days of a series of lower highs and lower lows, Silver has printed a text book dragonfly doji on the 1 month chart. This is a Bullish reversal candle when found at the bottom of a down trend but there are a few rules to a Dragonfly Doji: ✅ The candle closes & opens at or damn near the same price. Preferably at the exact same level, but it’s not...
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...