ENTER 47.59 STOP 46.39 TARGET 55.85
Price is currently forming a descending triangle pattern. Although this is a bearish price action pattern, we need to see a break of the zone before confirming. Therefore, it is safe to say there are 2 possible outcomes to price this week. Look for a break and retest of either the TL before going long to the next resistance or a break and retest of the weekly...
When price breaks support (yellow line) then go short to 1.21523
OUTLOOK ON GOLD IS QUITE SIMILAR TO SILVER STILL LOOKING BEARISH AFTER PRICE WAS REJECTED BY THE MONTHLY DOWNTREND LINE AND HEAVY BEARISH KUMO WITH A GOOD BEARISH SIGNAL ON THE FISHER THERE I BELIEVE WE ARE STILL SHORT WITH ALSO UPCOMING RATE HIKES. WITH ANOTHER POSSIBLE ENDING TRIANGLE I AM HOLDING SHORT TO TRIANGLE POINT C AROUND 111.8 PROBABLY HEDGE IN A...
IN MY VIEW WE ARE SHORT SILVER TO 14.600 THEN LONG TO $32 OR SHORT TO 8.600 THEN LONG TO $32 NOW THAT'S ELEMENTARY SILVER CURRENTLY IN WAVE 5 OF THE DOWNTREND IS NO DOUBT STILL VERY BEARISH I AM HOLDING SHORT AT LEAST TO THE RISING SUPPORT IN THE $14 AREA BUT WE HAVE A GOOD BEARISH SIGNAL FROM MR FISHER THERE AND THE HEAVY BEARISH KUMO SUGGESTING WAVE 5 COULD...
The dollar's volatility led to monster rallies in the Sterling, euro and Australian dollar. However, the move in the Sterling will look to digest some of its gains, as we've seen with the euro. The four hour chart shows price action is still relatively bullish near-term, but the GBPUSD is resting on the support of an ascending channel that is within a much larger...