Bottom is already behind us, support downtrend was broken, now silver should go up.
Hi all, On the XAGUSD we can see the price near the blue daily trendlines. There is also a lot of support & resistance at that area. I've marked a pretty big price reversal zone. I would suggest to short somewhere around 15.1 and 15.6; depending on the risk you are willing to take. Target is based on 3x the same move downwards. Best of luck! Regards
With the Federal Reserve finally raising interest rates and risk sentiment entering the market, there is potential for a bullish break of a falling wedge.
Price looks like is about to break after a consolidation period. If it breaks i will wait for a correction and buy the market when this correction is over.
Looks like gold still has some momentum. Todays fed decision to leave rates unchanged gave gold a bit of a boost but in early Asian session gold has given back its gains. Short term trend is still bullish. I'm carefully bullish for now. Keep in mind that Gold and Silver ratios still suggest one more mayor move to the downside before the big move up! The question...
After Silver doing See saw on price & trend. The Silver has finally decided to go North. The upper rally was signaled on 26 January 2016. In near future Silver is poised to go up. on moderate view chances are bright that it may touch 14.72$ to 14.83$. On a brighter side a level of 15.17$ can also be breached in near future. Caution: The above are our personal...
Looking in Silver's chart we can clearly see that a previous corrective structure has been broken from a sharp move to the down.. Price pulled back restesting the broken trendline and after a smaller sharp move it's correcting once again. A very nice spot to go short. Stoploss and profit targets as shown at the chart.
Silver might rebound to around 14.5 and will meet a big resistance. Pay attention to whether it can break it .
With Series of Higher Low.. SLV is due for break out up.. When it happens, it should be Hot and High.. 14.5x should be easily reachable. SonicDeejay sub.sonicrsystem.com
Whether you're interested in hedging your long gold position or simply want to take advantage of a potential decline in the gold miners, the gold miners present an appealing opportunity in capturing alpha.
Short palladium into the mid 200's. Buy between 240 - 250 sometime between May 2016 - October 2017. I think closer to October 2017
Looks like Silver may hold the bottom rail of the channel with a potential target of $14.87 - $14.96 range. Resistance levels are the blue boxes as well as Fib.