I have focused heavily on the Gold run that I have called to perfection thus far and I have neglected Silver so I will post an update regarding Silver!
Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the...
16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected.
Asset: XAUUSD ( GOLD )
Sell Stop Entry Price:1500
Take Profit: 1250
Stop Loss:1550(we will reduce the stop loss points once positions will be more favorable)
Gold and silver prices are trading not far from unchanged levels in midday U.S. trading Wednesday. Traders are awaiting the 2:00 p.m. EDT release of the minutes from the last meeting of the Federal Reserve’s Open Market Committee (FOMC), which took place July 30-31. Market watchers want to see if the minutes contain any clues on the timing and number of future...
The top silver stock has aggressively broken above a +2 year bearish Channel Down on 1W (RSI = 79.546) and showcases significant long term bullish potential. If a new Channel Up emerges on 1W then the Buy Zone is within 7.00 - 8.00. If the 1W Resistance break out aggressively then again the bullish potential will be even stronger. In both cases we will be going...
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
Price has created a simple ABC pattern with a possible move to the downside. Currently anticipating Wave C.
B wave has competed the 5 wave correction
Awaiting breakout for a downside target of 14.75.
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XAG price hit weekly R1, expected a retrace to weekly S1 which is also the 20EMA and also between the 50 fib and 38 fib ($16.75 and $16.55) level. Long at 16.60 with a target of 17.55 at the weekly R1.