We wait for break-outs and/or retests. Play accordingly. GL.
Downward movement is just started on daily basis. 14.775 will act as support if this point will break then sellers will get in the market in no time. Also COT report must be tracked this weekend.
I am very BULLISH SILVER but that doesn't mean its not worth shorting if the technicals are favourable. My preference is to get LONG above 15.87 but if price falls below 15.69 then I'll look to SHORT down to 15.52 (200 sma on H1) or lower.
After a long bear market silver made a rounded bottom and is now clearly heading north. The MA50 is going to cross soon MA200 and RSI is showin a bullish divergence on the last top. After a local top close to 16, price retraced to 0,5 level and is now keeping with the uptrend. The breaking out of resistance around 15,7 could be a good entry point.
Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
A break above 1180 could signal the end of the secular bear market within the larger bull market of gold, as for the first time gold made a higher high price since it fell from a peak of 1900. Current price action is considerately overbought, but every dip was bought up given the fear and global macro. Next few days we might potentially see Dollar correcting by...
Looking for a breakout of this triangle, move up should be pretty big
I wanted to write a description like others but im not good at letters and sentences :) I'm good at numbers only. Chart explains better than me.
Silver is currently doing a "triple bottom" and about to break down from this current level. Drop into previous resistance is expected. Which should be around $8-9.
Bullish divergence is huge on this one, on every new low silver makes on the 4 hour timeframe. Grexit fears should also give gold and silver a push upwards. Entry: 15.956 S/L: 15.665 (Stops will not be hit instantly, until the price closed below 15.665 for at least 2 candles to avoid stop hunters) T/P: 17.29
If you like gold's trajectory/bullish in gold, the cheaper metal is the one to get. Silver on its own trades directionless, except that it is tracking the movement of gold. Similarly this can be seen in other markets such as Bitcoin, when considering BTC vs LTC. Except that its in a more extreme manner than the other. Since the last major bubble that peaked...
Looks to keep grinding up, at least for another 6 months in this rising wedge. You can't trade between silver and gold, but its certainly worth taking a look at the key support/resistance. On the break of this rising wedge, I might consider trading some of my physical gold bullion I've collected over the years for silver.
Close to the trend line, with a confirmed reversal along with RSI breakout. Stops are placed slightly below the previous candle.
Target from 27 OCT 2014 defined as target-extreme at 79.81 was finally hit with a significant doji. A decline from this level suggest a probable rallying in $XAG pricing relative to $XAU. LOOKING AT IT FROM THE $XAUUSD PERSPECTIVE: In this following $XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows....
PATTERN PROFILE: Bill Wolfe's Wolfe Waves Pattern - Completed Target = 1-4 Line ("Take-Profit" Line) Trigger = 2-4 Line R/S action/reaction SL = 1232.55 PREDICTIVE/FORECASTING MODEL: - Future R/S Levels: 1177.42 and 1165.85 - High-Prob Reversal: TG-1 = 1153.76 - 11 DEC 2014 INVALIDATION: BACA > 1232.55 ------------------------- Note: Recent analysis...
Traders, ELLIOTT WAVE COUNT: A L/T look at $XAG suggest a protracted bearish correction in the shape of an Elliott Wave Leading Diagonal, based on: 1 - A deep correction from a 49.780 high reached on April 25th, 2011. and 2 - Internal alternations of 5-3-5-3-5 waves, identifying the overall pattern as an EW's Leading Diagonal. PREDICTIVE/FORECASTING...