Reasons for TP of 23.0:
- Bearis head and shoulders formation.
- 38.2% Fib retracement from March 2020 bull run.
- Dual pivot of Daily P and weekly R2
- Recent parabolic uptrend unlikely to have reached full retracement
- Demand level here to be potentially retested
Reasons for stoploss and invalidation:
- DXY trending downwards.
- Covid market uncertainty and...
All the rest of that day, on those wild screaming beaches, the Fix-It-Up Chappie kept fixing up Sneetches. Off again! On again! In again! Out again! Through the machines they raced round and about again, changing their stars every minute or two. They kept paying money. They kept running through until the Plain nor the Star-Bellies knew whether this one was that...
Central banks continue suppression.
Monetary system collapse in 2028.
Gold and Silver finally take off in price due to irreversible hyperinflation.
You have been warned. You have 8 years left to keep stacking.
(not financial advice)
Target price reasons:
TP1 - 24.0
-1D Kijun Sen support
-high volume support level
TP2 - 22.8
-38.2% fib level retracement from low in March 2020
-volume supported level
-Dual pivot zone of Daily P Pivot + Weekly R2 Pivot
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...
Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy...
This isn't another altcoin - it's a silver precious metal.
Why have I decided to present this chart? I intend to buy physical metals in the run-up to the global financial crisis.
In times of instability, investors seek refuge for their investments and precious metals are generally a safe haven. I think in the next crisis, investors will choose this asset as...
New trading suggestion:
* The price is in a range bound and we forecast the uptrend would resume.
* There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the...
XAG/USD - Silver - Pull back due soon...!
A little help for those who may be suffering from FOMO, want get into a position or add more positions...Well here are the great levels..!!
Key areas to focus on matching support and resistance ares & Trend-lines
Support zones: 27.11 - 26.210 - 25.015
Look out for various patterns or other indicators you may use to...