As Gold was bull flagging, completing an A-B-C-D-E wave, it also formed a reverse H&S, Several bullish hammers on the lows (also contrasted to some bearish on the highs) And a breakout of a trend line. What more would you like? In my opinion the trend is bullish for now. But please keep showing contrasting idea's as we shouldn't get too biased.
Bull falling wedge. Buyers still in control. Let's see how this plays out.
The late correction might become the end of an wave 2, possibly setting out for a bullish wave 3. Just completed the A-E pattern, within a possible bull flag. MACD is also turning back around. I will also explore the other sentiment soon. If you see something different in the charts feel free to broaden my view.
Most popular metals have been showing a bullish move this week. Silver is not exceptional. We can see the reversal move completed and the resistance broken and retested as support. I expect this to soar to at least +70pips
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
FX_IDC:XAGEUR Short XAGEUR Bullish weakness in play. Continuation. Previous Structure imbalance.
XAGEUR is trading on a 1W Channel Down (RSI = 26.364, MACD = -0.420, Highs/Lows = -0.7743, B/BP = -1.3920) on a steady bearish pace (as the neutral 1D CCI = -24.2424, Highs/Lows = 0 indicate). We are short, targeting 11.6000.
I'm currently traveling through Europe, doing a tour of Germany, France and Spain. Being the Gold and Silver bug that I am, I like to check the price charts in the currency I'm using. Even priced in Euros, Silver is painting a deathly head and shoulders pattern, probing critical support. Even in Euros, the measured move projects down to below the 2008 low of...
Buyers must step in here 15,6$ else we're going down, same is true for gold ---> perfect high risk reward with stoploss under :) the long term trendline goes back to 08 trade with care
If 15,6≈ doesn't hold either expect a very bearish situation for silver -> 15.2 -> 13.6
Long Gold Monday Setup Already Longed Gold at 1170 for a Longterm Trade. Now a Quick Long for next week :)
Long GOLD at 1.170 BIG Opportunity EW-Analysis