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...
I designed this custom chart to monitor the relative strength of top precious metals gold and silver versus top cryptos bitcoin and ethereum, to their respective ratios.
As you can see, there is a compression triangle of sorts that has formed and looking to determine which way it will break out.
The bottom is supported also by this arc spanning a much larger...
Silver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to...
Charts show us on monthly and weekly candles clear bullish signs. Daily is a bit trading range from bigger picture. Anyway on 4H graph i marked the Fibonacci levels and daily plus 4H fibs. extensions, match on the same price. That price is a 27. In such conditions on the market i will place another limit order at price 26.550. My trade is based on probability...
Silver is now testing another important support level, seems to be holding.
It is also far from the MAs a short term up move is expected, the long term is unknown, but given the current economic situation there is a chance for higher moves later in the year.
A lot of paper shorts in the market, will they give in?
silver looks like it is forming an ascending triangle.
there is also a macd cross on the weekly chart.
Last time we had a weekly MACD cross silver moved from 17-30$ in the summer.
Silver will launch this week. COMEX deliveries on Feb 24th
