After 10 days down Silver is very oversold here while gold can still hold above 1260 USD. Get ready for a bounce towards the 50MA/200MA around 18.00 USD. After a bounce the consolidation could continue until the summer.
Still experimenting XABCD, Fib, and all the basic rest. Stop loss at 18.60, few capital at risk. No target settle, to each is own feeling I guess. Cheers :) PS : Long would be a good strategy for very long term, what ya'll think ?
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
SILVER 4h , at resistance, BEAR DVG, watch for direction. Normally BEAR DVG would change to down , but we wait for more confirmation here. Smaller TF could also be smart to keep an eye on, coming week...
There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short...
Hi everyone! Here is my view of how silver should gain its rightful position in the market. All points are proximate and displate as an estimate. So please do not trade following this idea. Just my though and my point of view. This one DXY will show its last breath in March 15, although Pentagon already sent another 500 troops to Syria and OPEC decision on ceasing...
Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side. Good luck Muze(xag/usd)
While FX_IDC:XAUUSD is doing a reversed shampoo, FX_IDC:XAGUSD is forming a nice pennant which could possibly breakout at the same time as its cousin. Long Entry: 17.911 SL: 17.85 TP: 18.16-18.74 Any feedbacks are appreciated
Selver just broke resistance, and did put a new higher high now. It is making a double top, that may can be the reason for a bounce down and retest of the broken structure. Will be looking at 17,200 area to go long. Like if you agree, follow and support!
1H Silver Chart, using Elliott Wave and Pitchfork Tool
Long silver to $25. Bull divergence on the RSI. Silver is both an industrial metal, as well as safe haven.
As shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85. In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
I've noticed a key are for silver has now been broken and we are still above the price of 16.800. This coincides with our 61.8% fib re-tracement and we are still creating higher highs. Price is also now above my weekly support zone and I do believe Silver may push through possibly back up to the 17.800 area. We have my weekly resistance at 17.200 which I believe...
From 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside. Gold -looking for 1300+ Move in coming days Gold pushed 100$- but later as it evolved &...
A big big HS pattern.... Time will show
We are currently in a strong bull channel for silver, leading towards $20. I still believe silver will be the stronger performing PM by % over the next few months. Although we ended in the red today, the fact that there was such strong support at the $18 level is a very good sign for bulls. MACD is looking to cross here on the 1D.
Put my rough idea for Silver trend here, will update weekly, just for trend study/follow up. On the other hand, I want to get some guide/indication/clue from it for my daily trade, coz the long/mid term direction recognition could give better guide to the daily trade. Do the correct thing at the proper time is the most important thing in trading world. Of course,...
This is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on. Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier...