After a retracement Silver is again turning in uptrend to the sky
I have seen many charts that suggest the main downtrend for XAUUSD is broken which lead to Bullish outcomes. I use log-scale for long term charts and we can see clearly the falling channel is still intact. The 2006 uptrend was broken and tested at about 1375. Price's since then kept failing to go back to the test area and that's just the nature of it when retrace...
I expect price to close above the moving average for he month of September. I'll be looking for bull signals on the daily time frame. Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
The decision to review the situation on the Silver charts was made due to the alternative it possesses to the safe investment of Japanese Yen, Swiss Franc and Gold. The metal trades simultaneously in three various channels. On a large and medium scale patterns the metal is trading in ascending channel patterns. However, it might be more relative to day traders...
Over trend is bearish so far it seems to be respecting higher the trendlines based on higher timeframes, Still no major bearish action yet but this could be the start of a Downtrend Continuation SL's and TP are on the chart but please use risk management! Waiting for more lower highs indicating bearish price action and seeing how much it pulls back. Stop hunts...
XAGMXN Daily chart ABC pattern EMA cross down Fibonacci ratios fit for corrective moves, 8/2, 8/3
Price will move up to touch EMA. RSI indicates overbought levels, in this case XAUUSd will move down in few weeks time.
XAGUSD has formed a bearish engulfing on the daily timeframe. This is a very interesting, low risk opportunity. Looking left, there is a very similar structure with a long wick, followed by a bearish engulfing candlestick, which resulted in a bearish continuation. Price failed to make new highs. SL set above bearish engulfing highs, TP set at previous lows created...
So what is this ? I guess manipulation of market and killin long accounts without enough cash. So. MHO this is a previous era of bull market..
Hi guys, Here is my technical analyse for silver. I am in now for two days. Please let me know what you think of it. Leave a like and give me a follow if you like it. LFX
I love the nice crossover on the daily stoch. Looks like it is bouncing of the support and potential ABCD and third wave of the elliot. On the 1 and 2 hour we see it broke the ichimoku cloud for further upside. Also showing a horizontal resistance at around 18.5ish. I'm long. Who's with me?
Hi traders: There is a potential sell setup forming on XAGUSD (SILVER), as the daily and weekly chart may indicate a lower high has formed, and we can see some bearish momentum coming in this week. On the 4 hr chart we can see the price action broke out of the rising channel. We can wait for price action to reject the resistance and form a potential Head and...
downtrend broken weekly cloud bullish gold in a similar spot, but much higher upside with AG criminally undervalued grab physical
XAFUSD just broke out of Inverted Head and Shoulders.
Marcon will win in France and FED will not hike rates. My prediction for XAUUSD is downward move.