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.
just happen to see something that looks rather familiar from the monthly perspective of Gold. What do you think?
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.
Conservatively in my opinion Gold should be as high as US$3000 / ounce right now, it could even overshoot to as high as U.S$10,000 an ounce given mass speculation and bubble. Look beyond the current artificial or secular bear market of gold you call it, and lay down the price of Gold relative to the M1 money supply of the United States. Since the start of the...
Looks pretty tasty to launch a second rocket attempt. A double bottom and a cup and handle pattern with 50% retracement after the 1170 peak made on 24th August. Entry: 1124 S/L: 1102 T/P: 1220 Weekly perspective: This uptrend will be pretty fast and short lived.
Very short term short to $14 spot. Take profit at $14 and buy 5 or 10 x long. Long $14 to $18
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
Grexit fears are currently at all time high, and this will probably translate into more gold/silver buying.
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.
Do not pass Go. Do not collect $200 Gold is doomed on the next 3~5 years ahead. A break of descending triangle and the long term uptrend is a dead giveaway. Many more tears waiting to be shed by the die-hard gold bugs. We've not seen a true capitulation for more than 2 decades. Going long via DGLD (3x inverse gold), DUST right now gives perfect opportunity to...
Keep a lookout for the king dollar! The support have been holding up pretty well so far despite the rising dollar. Next few weeks will be crucial.
This is a short trade based on trend and violation of trendlines.
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....