This is simple Cup & Handle pattern setup. We are in a Handle already. Breakup of the Lip would validate longs above $17.24. Target = Lip (17.24) + Depth of the CUP (1.086) = 18.318 Right at that area there is a double resistance - 09NOV low + Falling trendline Some traders enter long on the break of the Handle, which is the first resistance. Anyway one should...
I would be positioned short the ratio (net long silver/gold) as the ratio looks set up in a bear flag, suggesting medium term downside on the weekly chart.
Silver is breaking out to the bullish side, repeating the price action prior to the Trump elections. This will set up a great short which I will look to build into a position at the 50/61.8% Fib levels as done previously.
OANDA:XAGUSD And the coming european elections (french, germany) with migrant problems will rise gold and silver I think... Soooo... Long-term bullish for me;) WAIT FOR BREAKOUTS Goodluck
Long Gold Monday Setup Already Longed Gold at 1170 for a Longterm Trade. Now a Quick Long for next week :)
we hit nice demand zone ...long after confirmed breakthrough the ressistance..
XAUUSD is forming inverted head and shoulders and double bottom - Adam and eve - patterns. Buy the breakouts. Cheers!
We have a potential bounce setup on Silver with price nearing the bottom of its current trendline and hitting the 200 MA. We expect price to head towards the top of the channel.
XAUXAG is currently forming a descending triangle and we expect price to break out lower towards the main trendline in play.
Well it could be a bear penant of sorts. As far as i can see the the price has touched the bottom 3 times now. And the top only twice. I dont know if this means anything, but i mean if price doesent break up from here fast, then what? Well i looked at the 1H and its a bearish DIV 0.33% right here. The 3 last Candles on 1H also look toppish. So when silver -0.28%...
Silver can hit upside one more time within the large degree corrective structure.
XAGUSD is almost ready for another drop to make wave (Y) which targets 18. For more safe entry, sell the breakdown of the lower band of the triangle.
This is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time. Therefore I revised the wave count to give you some...
1. Price is hugging the top all the way. When it dipped, it formed a bullish divergence. So what up silver? when you gonna break this?
Hey. Just a quick chart on silver. I mean that could be a bearflag. And if it completes its going to send price below a significant trendline, and then what?