Recently, there was a lot of hype on precious metals, and Silver outshone Gold (finally!), particularly over the last week or two. This who are in positioned find themselves wondering when this parabola will end. And I’ve been asked one too many times for a projected expectation. While I do not have a crystal ball (at all), price target is calculated to be at ...
ADX over 25, and the price seems to be breaking out of trendline on the weekly chart. (Note that I am displaying the daily chart)
The corrective structure of double three WXY has been completed and we got the first impulse up. It should be retraced in wave 2 and then the rally will resume. Target area is in the blue box in the 18.80-19.30 range.
The earlier idea could be completed as structure gets more complex with possible double three WXY to emerge. The drop into blue box should occur then to make a wave X retracement. Then the metal could hit 22.50 when another zigzag up in wave Y unfolds.
The wave (4) has been completed as per the plan (see related). The wave (5) could be extended and of the same size as wave (3) and it can hit the all-time high and even higher level of 1965.
This is an updated map as we saw silver dropped into the abyss below the range. Overall structure remained unchanged as it is still a flat correction although the right valley was established low than the left one. The market is consolidationg within wave B of (Y) and it can dip between 14.23 and 13.24 into the blue box of Fibonacci retracement area. After...
The technical story in #silver: Full backtest of breakout from 2016 falling trend line. Last gasp for bulls. 200WMA broken. Break here targets 14.20 & likely retest of 2015 low @ 13.62. If that fails, could see 8 handle. Good luck getting physical in that scenario. $SLV $SIL
The 17.45 area in #Silver has been a key area of support/resistance since early 2018. Price is now approaching falling support of the bull flag that started in early Jan. Price should find support here. If this area doesn't hold it could be a quick drop to ~16.90. $SLV $SIL $SI_F
Silver is consolidating in the main Trading Range after creating the Distribution Schematic. A visit to the Range High in order to gather the enough fuel for the next pullback to the below of the Range, is the trigger for the short position. Entry: 17.49 SL: 18.01 TP-1: 16.51 TP-2: 15.66 R/R: 3.52 Please let me know if you have any suggestions or any ideas...
#Silver popping this morning, breaking out from its falling channel. $SLV $SIL
2 possible counts. The green count seems more likely because I see 5 wave subdivisions within the larger waves. We just reached the 1:1 fib extension and if we can continue upwards through there, our chances improve that this trade continues upwards. Breakout will be confirmed if we reach $11.60
Silver could have completed the simple abc zigzag correction to accumulate another bullish momentum. Watch breakout both of the trend line resistance and 50 on RSI.
CDE is a great buy here as the stock has broken out of a 8 year down trend starting in 2011. CDE has lagged other silver miners slightly during these recent silver breakout (). They are optimizing recovery and costs at current claims and have a great deal of exploration and potential for new claims in the works. They have suffered from aggressive short selling...
This is my first video on Tradeviews and I'm still learning the software but I wanted to give it a try and share my overall analysis for what you should expect next in gold. GLD GDX GDXJ JNUG NUGT SIL SILJ I share my daily pre-market video each and every day before the market opens on my website .
Expect miners to gap lower and rip hgher all session based on pre-market price spike signal I always share!
The US Dollar is poised to rally back to near $97.50 as this recent downside price swing ends. We believe the US/China trade talks and North Korea deal with result in a strong upside potential for the US Dollar and the US stock market as time progresses. A certain number of industry analysts are starting to announce the recent December 24th lows and subsequent...
At possible reaction zone. $GDX, $GDXJ