Whilst Silver has lagged in the Gold rally, it has formed a strong support level at 14.50 and is looking for a break out to the 15 - 15.50 area. On the weekly chart, it is forming a double bottom around the 13.75 area. I do not have an opinion on its next move but am watching the price action. Not trading or investment advice folks.
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market. Buy Stops -15.050(buying pressure) Sell Stops- 14.450(selling pressure) Our Active position ASSET--Silver Sell Limit Price: 14.700 Take Profit:...
Silver since August 2014 has been trading in a range from $20 to $13, and we have reached this crucial point once again where silver is about to retest $13 and possibly break through and hit its next support of $11. We could bounce of the resistance and stay in the trading zone.
Welcome Back! Today I wanted to take a look at silver to find the next area of accumulation. Taking a look at the monthly, silver has been retracing for the last 5 years and it doesnt look like its quite done yet. Prices recently broke out of a descending traingle, indicating further bearish continuation. However, 3 waves are often short lived so the best thing...
This month's observations and discussion points are as follows: + Looking at the RSI, 200 MA and candles, it would not be unreasonable to believe there is more down time ahead. + Buying when the RSI is oversold on the monthly chart is not a bad good idea (not financial advice) as after the ONLY two previous times, bull runs have followed. Crunching the...
No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline. This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where...
Exchange rate broke down range (i marked it gray) When the price make range — you need to understand it is pause for accumulate position. The price showed for us that that accumulation was for short. I will look for short if the price will make pull back to Mirror level $15.20 with goal: $14.30 Push on like button if you like such analysis
Wait for the pattern to breakout for confirmation of bull run. Time frame can be 5-6 months for the target
I have 3 main scenarios and the good news is that they will reveal themselves very early next week. Scenario 1. The current correction is an abc, in which wave c has already extended slightly over 1:1 (Pt. 2). This would point to the price facing very strong resistance at its current level and failing to break higher. If price fails to break above $15.55 and also...
Very interessting stuff. It look like silver is about to continue wave C down as it is completing wave 2 in a 5 wave down-move. Both commodities are declining of late, although silver would appear to be closer to its support (my published TA gold has the potential to decline to ~$5 to 600 over the next few years) while gold may have only retraced partially from...
The chart pattern is called symmetrical triangle which could break to both sides, but fundamentally everything is pointing to a huge correction, potentially even financial crisis. If that were to happen, Gold and Silver are going to rise significantly acting as a value-shelter. Keep an eye on it. *This is NOT investment advice, trade with your own responsibility.
Silver is a very attractive investment opportunity, but as with any trade, the entry timing and price are critical. I am still looking for an extry point but regard silver as potentially very attractive as an investment / trding opportunity.
Silver just tested and tried to break the trendline before a big sell off-I am looking for a correction here to then start of fresh falls to prior lows. I'd suggest look for sell setups once correction completes. Happy Trading.
Silver is in a weekly squeeze watch, and is currently in a daily long. Watch for the break of the symmetrical triangle with volume and the levels to gain/lose.
Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
Silver could potentially break out above the downward trending triangle it has been in for the past year and a half. Expect it to be aggressive when it does happen.
It appears Silver is preparing to test $16, then $15.60...