Not really - Gold would have to breakout over $1900 Last week we touched 1847 - which held, and then price dropped to about 1830 Running into a trendline which was on my chart - this trendline held. See chart at bottom. Firstly all the shorts lined up at 1845-ish got beat today. As price worked up to the next Fib level - exactly. I realize that many will...
SLV weekly chart showing a prominent double bottom with the Sept low and Dec retest holding nicely. With the long term trend line lending support, it appears safe to renter the slippery silver paper waters once again. SLV will likely try to play catch-up to COPX (also shown) which has gained +20% since Dec 20th. I doubt SLV will post those high % gains but a...
Indeed. WXY on the greater B there, then pivot, now a probable B. No definites in analyzing any market. Ever. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than...
Hello everybody! We have nice setup on silver shorts :) Targets are on the chart. Take care!
Gold will most likely rally to the 1855-1860 area before having a significant pullback. That area marks the major trendline that has marked the tops of this consolidation that has lasted close to 18 months. The bullish case would be marked by a touch of the trendline , a correction, then a decisive break and rally. The length of the consolidation will lead to a...
We have come so far already, but there is much more to do! In our primary scenario, we expect the course to further drop and fall under the support at $21.41. After reaching these levels, the final stage of falling below $20 can be tackled. A temporary countermovement has a probability of 25% and can only be realized with an increase over $25.88. Keep waiting!
Silver (XAGUSD) - 2021 Support Resistance, Trendlines (Daily Chart): -Resistance Price Levels (colored horizontal lines above current price) -Support Price Levels (colored horizontal lines below current price) -Trendline Resistances (diagonal yellow lines above current price) -Trendline Supports (diagonal yellow lines below current price) note: chart is on log scale.
Comparing Silver to the USD, it is still holding up pretty well. Compared to real yields, silver should be about 24% higher.
Bitcoin vs Physical Silver gives a calmer view of bitcoin value increase. It follows a repeating trend of bitcoin supply halving (yellow), followed by supply shock run-up to correct value (orange circles). Each halving has consisted of 3 phases (blue) we are entering the breakout price discovery phase, with potential 15x return against silver.
Move up could have been a B wave in that case buy at the .618 retracement.
Buy at trend line. Long term ascending triangle that will retest 12$. Has to hold otherwise 7$ is the next target.
Hi traders, Silver is gaining momentum and is going to reach $75 quite soon. Weekly & daily technicals look good. *Based on fractal, price should reach $75 before massive profit taking kicks in. That's the idea :) This is not a financial advice
Hello, Last time I posted bearish scenario for silver but as weekly candle did not close below important weekly levels, I reverse my bias and now lean towards bullish price action on silver. This system I use with fractals works out well for me and gives quite decent price targets for the future. Do with it whatever you see fit. Dollar is on major break-down...
I'm watching for Silver to put in a green bar below the bottom Bollinger, for the RSI to fall below 30, and for the Blue line to cross the Red one on the MACD.. then I'm buying call options at the 23 Strike 2 months out.
After a long period of consolidation has broken out. Should run to at least ~1960. Potential for a pullback to backest before doing so $GLD $GDX $GDXJ $SLV $SI_F $DXY $TNX $TLT
It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33. Silver is the new gold!
The breakout of the Silver Copper Ratio suggests Precious Metals outperforming Base Metals over the coming weeks
long term trade, silver on its way back to all time highs