Gold and silver are trading range bound from quite some days however we have seen a slight bounce in the yellow metal today and the primary reason for that is the sell-off in the greenback which we have witnessed today. Yesterday we informed you about the possibility of the government shutdown this Friday but now It appears that the government shutdown will be...
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IN THE CHART, THOSE RESISTANCE LINES ARE BEST PLACES TO MAKE A PUT => DOWN=> SELL PREDICTION THE MAXIMUM BEST DURATION IS 4, 5 TO 10 MINUTES. I EXPECT 75% SUCCESS AT LEAST. TRADE AT YOUR OWN RISK. PLEASE USE JUST 2.5% OF YOUR ACCOUNT MAXIMUM FOR EACH CALL.
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Gold has tried to break above the $1,300 handle several times in the last few days. Ultimately, gold bulls have failed to break above that level, and the price retraced to $1,276 early this week. If you're trading gold, always pay close attention to the US dollar index. Notice today's Spinning Top pattern on the USD index, combined with the horizontal resistance....
At the moment of publishing this report gold is trading at around $1230 while white metal is trading at $14.38, from weeks we were informing you that U.S-China trade-war would impact the precious metal prices either in a positive or negative way and as the agreement reached between the two countries to a temporary halt,hence we have witnessed a correction in the...
At the time of publishing this report gold is trading at around $1220(our entry price) whereas white metal is Trading lower at $14.16 which implies that our position in silver is already running in profits and we believe it' going to hit the target very soon along with the sharp downside fall in yellow metal prices. we witnessed a sharp downside fall in silver...
Expecting USD weakness to come to the markets today or tomorrow.
we witnessed the equity market correction in previous months where analysts were fearful of coming next financial crisis as we saw in 2008 or even bigger than that but our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The...
Sometimes it feels like this consolidation period in gold and silver is not going to over for months but trust me we have seen this kind of range bound movement in precious metal sector numerous times and then we witness an explosive breakout or breakdown in both of the precious metals? but there is no denying that we are in the middle of the boring times but we...
In my opinion we can now expect price to move down. Ofcourse dolar is now under big fundaments (Trump, China, Stock) - these are thing we can not predict and it can goes against our positions. Don't forget to have stoploss.
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:...
USDX is approaching our first resistance at 96.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support at 95.06 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching...