GLD and SLV tend to do well during these chaotic times, with inflation sky-high, Russian attacks, and crypto still at an early stage. At the moment, I believe investing in GLD and SLV is a hedge against risk and has potential upside growth until inflation drops. Since the Easter holiday, SLV has broken the downtrend line and found a bottom around $22.37. It's...
With rising inflation and politicals risk all around the world, Gold continues to perform as a safe haven for assets. From the TA perspective, Gold has formed a double bottom and it is breaking out late march level ($1957ish). It is aiming for a 0.61 Fib level around $2000, possibly all-time high,
Gold may have found a floor today as both MFI and RSI indicators have bounce out oversold territory. Looking at the 4H chart, the MFI and RSI indicators have been a consistent indicator this year of telling when gold bottoms. I have started entering into gold again but I will be trading with caution as the range is small and I am looking to liquidate my...
Bullish Gartley potential coming into possible reversal zone.
silver's 3rd wave of III is coming and will leave many behind...
On high timeframes, we seem to be continuing the trend of forming lower highs. The rejection of price at $15.49 gives me the setup I was looking for to think $SILJ is going lower. On top of the rejection, the RSI is overbought, the moving averages on ichi are stretched with price above the moving averages giving me reason to believe price will snap back lower,...
Published an earlier version of this idea with more poorly drawn corridors, but it seems for the most part to be validated for the time being. I expect silver to challenge recent highs and potentially cool back down toward mid 20s once that happens (before moving up further). However it is entirely possible that once silver reaches these targets that it simply...
As usual, I have a bullish bias on gold. Fundamentally it can only increase obviously, but the question is when. I believe now is the time to invest. Not advice, just my thoughts.
Silver CFDs look to be in a strong upward channel, potential bounce of the lower end of this channel this morning? Should see soon. If not, probably down for a bit, but then up considering market conditions. Not very good with the chart system here, but.. you get the idea.
"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.
Silver broke out of a descending wedge, a consolidation after its February 2022 run. The 2X silver fund AGQ is looking great here with a technical breakout retest. A bullish MACD cross will likely send this to $50 + then it is going much higher with silver. Precious metals are about to have their moment as stocks and crypto sell off.
Silver looks set for a move upwards. Its been consolidating its recent feom the lows. It remains above the 200 dma and down trendline. It looks healthy.
What a superb pattern. Since 2020 SLV proved to climb higher. Then from 2021 we see a consolidation until September. In November the pivot was already signaling a potential rise. And now in March we had the confirmation. I think, after this pump in the market, it's time to load the Boat. A free fundamental sign we got as a Bonus is the inversion of the...
AMEX:SLV price action is showing a strong bullish flag on the monthly time-frame. Due to the macroeconomic environment, very high inflation rates, and high gold:silver ratio, I am expecting the SLV price to break the bullish flag on the upwards side. If this happens, we can look at the following levels for taking profit: Take profit level 1: $22.35 Take profit...
SLV is breaking out of a one year downtrend channel
dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance...
BUY GOLD, ask later. Downtrend seems to have ended and gold could be able to resume its bull run into the 2022! Liquidity pool was tested already three times and they reacted, possible last retest before running up for all the year. SImple trade, simple stop loss, great entry point. Only risk is the china bullshit, that nobody knows how it could unfold and if can...
When greenbacks go down, shiny stones go up. 1/19/24 $20 call