I am long term long on gold and silver currently, however there is a short term short opp here in silver contract. One could sell the futures contract or buy a put option to take advantage. Futures trading involves serious financial risks and are not suitable for all investors.
COMEX:SI1! The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
COMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
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In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale. It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will...
if the price go down to the level of 15.30 then I will look for an opportunity to go to Long the expected stop-loss 15.17 if the market does not adapt to my imagination, then I will'll be watching the price further
Look for positive long term growth, keep an eye on a retest of the downslope on the larger fork.
Just long. Trend is your friend.
See first hour of trade day (open of next bar) on next week before open short. Entry pont by open - intraday
Keep it simple. Money flow trend is bullish, as is movement of the price.
I'm quite bullish metals, but /SI needs to break and end above the 200dMA of 18.43. It's rejected it four times now which is bearish, but eventually it'll surpass it and that's when you should enter long. I'd hold off being long or short as you never know what will happen tomorrow. Watch Wednesday's FOMC meeting to perhaps be the catalyst that pushes it above 18.43.
monthly chart for silver ...today SLV is up more than 1.5% percent in days ...is this the end of the beginning ?
Considering whats been happening in metal this week starting with the Monday massive dumping of gold futures, this duo is surprising resilient, especially silver. As mentioned before, COT shows aggressive GC net short by commercial suggesting this down move will come, no surprise there. Question, is what's the reason for the massive dumpings starting Monday? If...
A pretty decent inverted H&S in the making.