I'm shorting this for fast cash, overall I still think metal is in bull trend as dxy is so dead right now. I still holding some buy position and will go in for short if it pull back from my resistence level, or continue to add more position to long if it break the resistence.
My view on silver during the week of 17-21th Aug
We are should wait at Fibo 78.6 . And sell , Profit at point D in Fibo-ex
Please share with me your thoughts Regards
SLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish. As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
The market is now on its way to a new trend. The prices will surly go down for today, but before you realize it they will go up again so make sure buy again when take your profits of selling. Generally, the prices are going down towards the next support so make it your first target, if it is broken then you would shoot for the next line of support only buy a...
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone. Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is short. TRADING PLAN: 1-short now 2-SL above the mirror diagonal line and...
Be sure of the prices going down, the buyers are trying to win but the sellers are much stronger now. You can sell now and wait for reaching the next resistance line down and buy again because it will go up again and break the level we are in right now. But for today the prices are surly going down.
Expecting Silver to move towards 19. Head and shoulder pattern in 15 minutes chart
Have marked trading levels for this week and also the important levels from where it can bounce back and be weak... Daily and weekly charts seems over bought expected some technical pull back. Share.. Like... Follow... Stay tuned.....
Potential Brilliant reversal After A Sustained Bullish Run. Traders Can Initiate Short Positions.. Good Luck!! Happy Trading.
After silver failed to break 18.400 resistance two times. I think it's time to test the neckline which was done during the downfall. The first target should be 16.600 after that maybe a rebound and then it must have a go at the neckline after which we could see a rally.
Pretty simple post, since June 2014 silver has struggled to reach the 100M SMA and every attempt or approach so far has sent the price action ultimately to the black trend line. Most recent was in spectacular fashion. The MACD histogram is becoming one of my favorite indicators because hidden bearish divergence helps to suggest that the MACD itself will have a...
Minor trendline is best zone for buy Wedges can be seen to be displaying symmetry within Head and shoulders pattern.