Please, note-We are still holding our short position both in gold (entered at $1530) and silver (entered at $19) as we could witness the very severe breakdown within the precious metal sector in the upcoming days and months which would ultimately make our positions more profitable..we are warning you from months however if you would still like to enter short,...
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...
Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs. Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day...
Silver shows further rejection after false break out of the falling wedge, it has lost key fib levels of 61.8 and 50. continue to drop until $11.
Silver bouncing again from its 3-month strong resistance, also within trend line. RSI suggesting exhausted market on previous resistance test.
The Repo market is proof that something is wrong with the system. It's an unsustainable system. Rates need to stay low and money needs to be printed in order to sustain this bubble - eventually this will create an intolerable amount of inflation. As the market realizes that QE isn't temporary, that it is permanent until inflation is out of control, then...
This is the S&P500 priced in #gold. Recent action looks like a breakdown and pullback of a decade long channel. Suggests gold outperformance in the coming weeks/months if pattern holds. $GLD $SLV $SPY $SPX #silver
Entry Point- @ $17.00 Price Level Support - @ $17.00. Channel Support - @ $ 16.90 Stop Loss- @ $16.69 5 Month Target Price- $20.50 To me, a good risk/reward ratio at this level. Will know in short term if a good buy or not depending on strength of channel support.
Last 5th corrective wave of C down to green box, will end total correction of big wave 4. Wave 5 will start there till new highs at least 20.44
Silver tends to move in a very specific way. It moves very fast for a few days, only to act very calm in the next several days. Silver already lost its downward momentum as its been calm for a few days now. This characteristic pattern is what we saw also when Silver completed a broad top (just as it did recently) earlier this year. What does it all come to? For...
The gold commercial COT report slightly improved but is still significantly bearish. The silver commercial COT is also leaning towards the bearish bias. Silver is currently trading at around $17 and there is strong support resides at $16.20 but a break below the mentioned level especially the $16 could drag the prices much lower. The white metal needs to break...
Please, note-We are still holding our short position both in gold (entered at $1530) and silver (entered at $19) as we could witness the very severe breakdown within the precious metal sector in the upcoming days and months which would ultimately make our positions more profitable..we are warning you from months however if you would still like to enter short,...
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We still have a neutral view on Silver despite the recent bounce on the back of Trump threatening to raise tariffs even higher if phase one of a trade deal is not agreed soon. We await the FED minutes tonight for any indications of future US interest rate policy but would want to see the market consolidate above $17.391 to confirm the positive momentum.
By using the technical analysis... My view on silver in the medium to long-term is still bullish, for reasons which go beyond the technical analysis.
The price bounced from the Support/Resistance Zone and can fall to the Mirror Level 16.650. Potential profit will be in 3...5 times bigger than risk. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
Detail@ The Chart