Silver (XAGUSD) has been trading within a 2-year Channel Up pattern and since its last Higher High (top) on the week of May 20 2024, it has been declining on the new Bearish Leg. The price already broke below the 1D MA100 (red trend-line) and so far seems to be replicating the Bearish Leg (Channel Down) of May - September 2023.
With the 1D RSI sequences between...
Metals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
Have you been following my research on GOLD?
This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days.
I will let this video tell you all you need to know.
Remember, watch my Gold Dual-Leg Rally video too.
I wonder what the "driver" of this rally in Gold will...
Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) of ((4)) as a zig zag Elliott Wave structure. Down from wave...
Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete.
The recent panic setoff by the BOJ unsettled the markets - including Gold.
The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold.
I believe Gold is about to make two very big moves to...
Silver (XAGUSD) remains within the 2-year Channel Up pattern we mentioned on our Aptil 17 analysis (see chart below) that hit our 32.000 Target:
The price is on a 3-week correction, which is technically natural within this pattern. The symmetry with the previous Bearish Leg of the Channel Up suggests that since the price has hit the 0.382 Fibonacci level from...
This updated research video highlights why I believe Gold and Silver are about to launch higher over the next 90+ days - into the upper ranges of my BreakAway phase. This move would represent a 20~25% move for Gold and a 35~45% move for Silver.
But the BIG MOVE won't happen till after November 2024. That's when I expect to see Gold make a large upward move...
Silver is the market analyzed.
After respecting the W +FVG, a bullish BOS followed.
The D1 shows another +FVG was formed, a bullish indication.
I am looking for the D1 +FVG to be tested before price heads higher. It would be a great POI to
long from.
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May profits be upon you.
Disclaimer:
I do...
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Gold and Silver will start to build momentum over the next few weeks - eventually moving 5 to 12% higher before mid-September.
This is a huge move for metals and will prompt Gold to attempt a rally toward $2750 while Silver attempts to rally above $32 - possibly targeting $34.
The dynamics of the...
Silver rose over 2% in Thursday’s Asian session, eventually prompting gold to try and catch up. Yet gold’s ‘rally’ was lacklustre in comparison, and with silver pausing near a resistance cluster, we’d prefer to fade fold below $2350 for a move lower.
Silver has stalled around a high-volume node (HVN) and trend resistance. RSI (2) is overbought and prices have...
Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target:
Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after...
Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave.
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This is 3-year CoT index of Silver. Last time Commercials were in extreme low was before COVID crash and before that Feb 2017. Look what happened to the price afterwards each time. On top of that Retailers are in extreme high. Historic indication of bearish Silver market.
If you are trading Silver, you need to see this video. Be prepared for a sideways melt-up in Silver while the dual Flags play out.
Gold will likely move more aggressively than Silver. But Silver will give you two or three opportunities to buy into the lows.
Pay attention.
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle:
This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...
Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern:
On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility...
Silver (XAGUSD) almost reached the 25.000 Target that we set almost a month ago (February 15, see chart below) but as it seems to fail to touch the 0.786 Fibonacci level, it is time to take the profit earlier and turn bearish:
At least this is what took place on July 20 2023, a rejection that started wave (e-f) back inside the High Volatility Zone that...
Silver (XAGUSD) is on the 2nd straight green 1D candle, the strongest two day rally since December 14 2023. The natural technical Resistance is the 1D MA50 (blue trend-line) and if broken and the 1D candle closes above it, we will buy the break-out and target the 0.786 Fibonacci level at 25.000.
This is because based on the 1D RSI, the current Double Bottom...
