It seems I'm too late to the seen. Anyway on the daily, silver is breaking out from a bullish trend from a downward wedge. As they say, go with the trend, long!! PS. Gold is no different and I would expect all precious metals to be similar in bullish terms.
The rally that was spotted long before it started overshoot by a lot. Though it is possible in abcde and nowadays is even likely to happen. Taking shorts here. Surprisingly metals and US stocks have moved in unison on tiny volumes before and during holidays. What would it mean? Usually, they move in the opposite direction. I expect this correlation to break soon...
How long will it last??? Silver is acting vert momentishhh... Just use RR stops accordingly
XAGEUR Target 1 = 16.5 € - Target 2 = 17.8 € - Target 3 = 18.95 € XAGUSD Target 1 = $18.3 - Target 2 = $19.6 - Target 3 = $21 Target 3 expected to hit in February 2020. What are your thoughts for Silver?
My prediction for silver is a rally which will last until Spring 2020 where it will hit the early $20's/oz. This is based on the pretty perfect technical breakout we saw a month back, which has now back tested and is preparing for the next leg higher. This is all happened while the gold/silver ratio is weakening quite dramatically relative to gold.
According my elliot count XAGUSD really responsive elliot wave theory rules. First let's look general view; In this view, W and Y has 1:1 extension exactly. Latest correction of small impulsive wave in 2016, W and Y has 1:0.786 extension which is technical. You can see here; What i am expecting now? In this impulsive wave, i am expecting to this +$21...
Platinum, alongside Gold and Silver are one of my top outperforming sectors for 2020. However, Platinum is incredibly undervalued and has ALOT of catching up to do. I believe Platinum will do what Palladium did and quietly run up at-least 35-40% in 2020 (possibly 50-60%) with very little slowing down until it reaches at-least 1700-1800. In fact, I wouldn't be...
Hello traders, Here's my analysis for XAGUSD, it does look pretty bullish to me and so does gold but not for a while! Capture ur profits and enjoy the holidays :)
If the price will make a false breakout of Key Level 18.217 we can open Sell position. Huge chance that it will be a correction from that place. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
As precious metals have slowly gained momentum late this year again, USLV is part of my two step post of updating people on what JNUG and USLV will look like in the coming months. On JNUG, I believe 130 is possible by Q2 2020. Consequently, I see big gains in 2020 for Silver as well and I believe it is very possible to see USLV in the $165-175 range by March or...
Silver had a nice surge earlier in the year as Gold surged to $1550. Overall, Silver has underperformed gold this year and remains undervalued relative to gold. As the metals finish and round out of this consolidation (retest of the breakout) look for gold to move towards $1711 and $1834. Silver and Platinum will both follow gold's move and will outperform. We...
Silver starting to break out of it's weekly consolidation and the stocks are following
Uncertainty around reflationary fears will add upside risks to prices in Gold for 1H20. Gold remains bid since the start of November, despite risky assets continuing to gain ground. CB's have been buying 20% of the Gold supplies, the same rate circa Nixon era, all whilst mainstream media paints the geopolitical landscape with a more constructive backdrop, any...
Franco-Nevada continues to be one of my top stocks to be apart of for this impending precious metal run that I have forecasted for 2020. Whats interesting about FNV is it is fairly low in volatility and has none of the risk the mining sector can bring alongside, including that of high short interest. With a portfolio also expanding into the energy sector, which...
Gold and Silver are making moves over the last couple of days with each breaking out of their respective wedges. Interesting times on the horizon. I also believe this could also hint at a bottom for Bitcoin as smart money looks to hedge in a precarious global economic climate.