The reversal candlestick pattern at the resistance level tells us about a possible reversal. RSI is in the overbought zone, and it is going to move downward. If so, we will get the strong signal confirming the bouncing from the resistance. MACD histogram supports sellers.
DMI is bullish and confirms the strength of the trend. When ADX line starts falling, it will...
Hello dear precious metals friends, hope you're doing well guys! ;)
Gold is now rejecting with a Weekly Shooting Star at the key resistance of $1,550. We're gonna be looking towards the first major higher Lows since the break of $1,350, which is gonna be very healthy for a further upmove.
On the Daily we had a perfect Wedge breakout, which could still turn into...
Check out the nice double bottom lads pretty similar to BTC during 2014 accumulation
Probably baby boomers trying to exit pump this shiny metal to atleast 140-400 before boomers
become extinct in 20 years.
Final Pump before capitulation cuz by 20 years we may have started colonies in space
and resources such as precious metals are unlimited there so there wont be...
As you se on 3D chart the price bounced from 2,5-Years High 18.651.
We can open Buy in marked Zone ONLY if daily candle will cross this high and will close above it.
Next target will be 3-Years High 20.074.
Gold/Silver Ratio is Bullish. Needs a close below the current support to confirm it is starting to go down from here to the 70s print. Similar action to May 2016 meaning there can be at least one leg higher in the metals going forward.
Pattern: 1D Channel Up.
Signal: Bullish as the price is on the way to the next Higher High on the 1W Resistance.
Target: 18.200 and 18.800 in extension for the next Higher High if the pattern (-2.50% Support) holds.
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...
On the H4 chart of XAGUSD, the price has formed a bearish divergent bar within the end of the 5th Elliott wave of a bullish cycle. This signal is strengthened by AO divergence. Going short using levels that are marked on the chart.
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...
Forex is not there to help you make money. It's there to take your money and feed the big whales and corporations. Market makers swing the markets for liquidity and grab your stoplosses and make you think it's going down but in reality it's shooting up. To be successful, it's your job as a trader, to spot these traps and to make the most of them. Don't follow the...
XAGUSD, By Andria Pichidi -September 12, 2019
By completing its best month since 2016 due to the firmer US Dollar and due to the positive sentiment seen in the markets this week, Silver along with other commodities such as Palladium have been well supported at record highs after they have been corrected sharply in the first week of September. Commodity currencies...
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...