Our view: Our bias towards the precious metals complex remains to be bearish as we are not witnessing any near term catalyst which will support the prices in a significant manner. On a technical front we have already informed you that our strong bearish bias will be intact within the precious metal sector until unless The yellow metal breaks above $1525 however it...
potential bullish gartley pattern on gold . Entry - 1465 Stop - 1452 T1 - 1480 T2 - 1494
potential bullish gartley pattern on gold. Entry - 1465 Stop - 1452 T1 - 1480 T2 - 1494
We still see Silver moving higher despite the market struggling to break the key resistance level at $18.18. We will be awaiting any further developments in the US and China trade negotiations for any significant price action and believe any negative outcome could prove to be a key catalyst to prices rising back towards beginning of September highs above $19.5.
potential harmonic bearish bat pattern formation on silver . Entry - 18.55 Stop - 18.95 T1 - 18.1 T2 - 17.6
potential harmonic bearish bat pattern formation on silver. Entry - 18.55 Stop - 18.95 T1 - 18.1 T2 - 17.6
silver is in channel now we can see the bullish flag and there is a possibility to move down in ISM.
At the moment of publishing this report gold is trading at $1509 per ounce and silver is trading at $18 per ounce. Gold prices have surged more than $20 since our last Wednesday analysis however silver gains were almost negligible during this period. In this research report, we have tried to gather our counter views in order to make our report more informative and...
Just as in the case of Gold (XAUSUD) analysis published previously; Silver (XAGUSD) seems to have formed a contracting triangle corrective pattern in wave 4 as indicated by the wave structure of the sideways price action in September and October and by the converging trendlines that connected the extremes of waves (a), (b), (c), (d) and (e). What is most...
Hello traders. Quick Friday short play. Profits locked in for the week so we can get aggressive. Tight stop, gold looks froggy =)
(chart self-explanatory, lines and connections have been averaged using step-line over linear for greater precision)
Silver (XAGUSD) is trading within a newly emerged Channel Up on the 1D chart (RSI = 60.617, MACD = 0.050, Highs/Lows = 0.2338) following the October 1st bottom just above the 1D Support Zone. Both the 1D candle action and the RSI sequence resembles and October/ November 2018 fractal which delivered a strong rise once the Channel Up broke. Our advice is to take a...
Hello traders, This monthly closing candle should show us the moment of truth of gold, comment down below what you guys think will happen to gold. TRADE SAFE WITH SL