In the ever-evolving landscape of global economics, precious metals like silver, often serve as key indicators and safe havens. This week, we'll explore the factors making silver an interesting prospect in today's market. Current Macroeconomic Indicators: The latest Consumer Price Index (CPI) data indicates a slight increase in the US for July, registering at...
Here is my latest structure analysis for Gold. Horizontal Structures Resistance 1: 1925 - 1935 area Resistance 2: 1942 - 1947 area Support 1: 1893 - 1907 area Vertical Structures Vertical Resistance1: Falling trend line Vertical Support 1: Falling trend line The market is currently trading within a falling wedge pattern. I believe that the market will...
In the chart below I am making the case that we are in the 3 of (3) of wave and that means the downtrend should accelerate any moment and go straight down without much bounce. All the bouncing was presumably done during the last week on the CPI news. The channel provided for indicative purposes. Its recline will to be set by wave bottom.
You cant invest in the golden triangle silver without investing in Dolly Varden Silver . Dolly is a big player in golden triangle silver and has sold off recently so i am looking to add more . US investors please refer to DOLLF .
New Pacific Metals has been inside the "accumulation zone" for quite a while now . These sideways moves of 2-3 months or more is where accumulation or distribution takes place . How do i know it's not distribution ? I dont ... it's a guesstimate based on a bullish silver scenario . Also i am fairly bullish on Bolivia given their recent mining friendly stance ,...
Some things i really shouldn't share with the general public . This is one of them . A mid scale Bolivian silver producer that has been breaking even on profits . Once silver ramps up , this one is going to rocket . I'm actually bullish on Bolivia as they seem to be very mining friendly at the moment . Of course that may change . Still Canada and US are #1 for...
More knife catching here on this edition of "silver moonboys initiation 2.0" ... Let's just file this one under "it's got silver in the name" lol . Hey we all like to gamble and seriously if silver takes off as i expect it to this thing will probably be a 10 bagger ... remember , bet small , you can always add more later if this pans out . Getting your feet wet...
Silver stabilizing above 22.89 will support rising to touch 23.16 then 23.59 then 24.10 stabilizing under 22.89 will support falling to touch 22.42 and then 22.12 Pivot Price: 22.89 Resistance prices: 23.16 & 23.59 & 24.10 Support prices: 22.42 & 22.12 & 21.95 timeframe: 4H
Preferred direction: Neutral Comment: The level of 1912 immediately marked itself and the price rebounded. However, it is probably not worth counting on a reversal. Today or at the beginning of the next week, the metal will most likely once again enter under the level of 1912. In the area of the level of 1910 - 1912 in the near future, it will most likely stop...
Preferred direction: BUY Comment: Our trading idea for the instrument worked out best this week. Growth potential remains and the transaction has already been transferred to breakeven and profit has been partially fixed. The resistance at 144.900 certainly creates an obstacle for the buyer, but most likely the currency pair will keep its presence at the level,...
Preferred direction: BUY Comment: The price continues to accumulate near the resistance level 0.87757, which is the break level. This is a very important level, you can learn more about it in details of this level below. Regarding the targets, in this case, longs can be with the potential at the level of 0.89500, where the previous area for pushing is...
Preferred direction: Neutral Comment: The metal remains under the control of the seller. Now those who are still holding shorts can count on the approach to 1912, after which there will very likely be a pause. It will be possible to count on long only when the price approaches the specified level. Thank you for like and share your views!
The thing is that Gold broke and closed below a key daily structure support yesterday. The closest strong support now is 1907. Taking into consideration the fact that the market is bearish since the middle of July, probabilities are high that the market will keep falling. Next support: 1907 ❤️Please, support my work with like, thank you!❤️
Discovery Silver recently tested extra long term support on high volume . I'll admit this one is a long shot because they have a lot of hurdles to jump over to get their mine approved in Mexico . That being said i believe the time to buy is when all the bad news is out and things can only get better . Patience required on this one . We may see another retest of...
A few days on the road now. Today only news from New Zealand. Inflation was slightly higher but reasonably in line with last month. Tomorrow there will be new important figures from the US. The CPI and unemployment claims. We did not do any actions today. Our manual positions in EURCAD and EURCHF do not come from the place. We had a buy in Silver last week but...
Preferred direction: Neutral Comment: The previous idea in shorts worked perfectly. Result +2400 points. At the moment, sales are still relevant, there is room to fall, however, a partial fix and, of course, a transfer to breakeven is required. At least a small recovery can be expected soon. Thank you for like and share your views!
There is no significant news in the market today, and gold is at the lower end of the trading range. I anticipate that XAUUSD will rise to at least the top of the trading range.
We are only left with small bearish impulse until to our support then we buy from the support to our resistance what do you think ?