Silver has tested the lower range of February descending triangle at 17.75 for the second time since yesterday. I'd short XAGUSD once it meets
A. 18.10, upper range of the triangle;
B. 17.70, indicating break below its current range.
Target 17.20.
Hi traders,
On the XAGUSD we have a potential bullish cypher pattern taking shape. The pattern is invalid when price closes above 18.107.
Entry: 17.351
Stop: 17.143
Target: 17.775 = R:RR 2.04
Good luck traders!
Silver quotes continued trading above the bearish channel range described in the previous idea. XAGUSD approaches the follownig daily resistance at 18.15 displayed on the daily timeframe.
On main 1-hour chart a descending triangle is marked in green, its upper range at 18.01 was tested at the start of this hour. This level supplemented with R2 pivot point 18.07...
I'm not a fan of using the upper red trend line on this chart as it has very few touches (3 to be exact) in comparison to the one that Silver has already broken through. My thesis here is that Silver will be the out performer of the precious metals this year. Strength as Gold has been selling off and USD rising is unparalleled. We are currently at an area of great...
I do not have much doubt that palladium topped against gold in the short term. Though, longer term, things look interesting for palladium against gold and silver - possibly a stronger run higher (or smaller run lower) than both metals.. I am currently short palladium with no position in gold or silver.
New price action from last week's close is a reiteration that the gold/silver ratio -0.20% is likely going to go lower by at least 25%. Today it takes ~68 ounces of silver 1.41% to buy one ounce of gold -0.34% .
The bet: This year it will take 50 ounces of silver 1.41% to buy one ounce of gold -0.34% .
10 months ago I published the pending breakdown in this...
While FX_IDC:XAUUSD is doing a reversed shampoo, FX_IDC:XAGUSD is forming a nice pennant which could possibly breakout at the same time as its cousin.
Long Entry: 17.911
SL: 17.85
TP: 18.16-18.74
Any feedbacks are appreciated
Silver has finally popped resistance around 17.225 after 5+ attempts, complete with a retest on Friday which was bought quickly, stops below $17.00 seems legit.
Short term targets around $18.00 then $18.90
Hi Gold Traders. So the question on everyone's mind is where is gold heading next? Based on my analysis we could see $1056 next down into structural support. I know not good right? Hopefully I am wrong. Time will tell. As you all know my charts are for training not trading so if you lose your house I am not to blame.
Hi traders,
On this XAGUSD daily chart I have drawn three key points for this pair.
The lowest one is the 127.2% extension of the mid December to mid January move
The middle one is the 141.4% extension of the mid December to mid January move combined with the 127.2% extension of the late January move
The top one is the 161.8% extension of the mid December...
The price finally confirmed the reversal breaking above the resistance.
We got small correction on lower time frame (wave b).
The yellow zigzag shows the anticipated path.
Now the metal aims at 18.28-19.98 according to Fibonacci projections.
Then we should see the larger correction.
And then another leg upside, probably the final before the huge drop...
Not much to say here, pretty straight forward forecasting. I'll be long if we test 16.25-16.30 range. Note I pointed the arrow straight to the 20th. ;) GL
Hi traders,
On this hourly silver chart we can see a potential bullish bat pattern taking shape.
Entry: 16.664
Stop: 16.390
Target: 17.222 = R:RR 2.04
Good luck guys! Updates will follow.
in the past price fluctuation, the fisrt increment is 141 days
the first low price is 267days
and the next peak will be ouccred in 304 ,348 or 398 days from the begining.
