In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
If lower, momo divergence instead probable
The Gold/Silver ratio is currently suggesting that silver might outperform gold if commodities continue to rise. I'm basing this mostly on the recent price action in the GC1!/SI1! ratio as signs of fatigue have appeared just below a long-term channel resistance. Note that silver prices alone successfully held the 2014 lows at $14. Those who are aggressively...
Although my overall analysis in silver shows that price moves to the down, we now have a high probability long setup. Price is testing a key support level (black trendline in the chart) and has formed two harmonic patterns with both their D points exactly at the support level, bullish gartley and a bullish ab=cd. Speaking in elliott wave count, we have a...
I'm long silver as of today, stop under the previous low in the 1h chart. This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here. Even more than a continuation in gold. In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here. We can profit from this Silver rally in...
Price broke a channel which represented a correction wave after a sharp impulsive down leg. After that price has pulled back at 0.618 of the shorter impulsive that broke the channel. Entry Point: 14.731 Stoploss: 14985 Profit Target: 13.511
Since its peak in 2011, $XAGUSD (Silver) is on a clear downtrend that only accelerated since the second half of 2012 (only minor pullbacks as sellers became more aggressive). On November 2014, just as QE ended, Silver touched the PRZ of a weekly bullish Bat pattern (notice that B point didn't reach 61.8 to make it a Gartley). Despite the light pullback that...
Following the FOMC minutes on Wednesday, gold has seen a massive two day move that brought the precious metal to five-week highs. Worries mount as market participants are beginning to realize that the Federal Reserve is stuck within a liquidity trap. The minutes statement indicated that the Fed saw risks to near-term inflation (as the five-year breakeven rate hit...
Idea is based upon Elliott wave theory.More info on the chart. Good luck.
I find it quite risky to buy precious metals right now, but silver is currently testing a support that gave way to a technical bounce at the beginning of the year (see related idea below). All I can say at this point is that silver may hold better than gold, which suggests that buying it may provide a hedge for anyone who is already short on in the gold market. At...
This short is based on current PA, price is trading below 55ma and MA is acting as nice resistance on this timeframe, I will be comfortable with this short as long as the price stays below the last week high or below 55ma. Entry Current market price , will be adding more if the price goes below the last week low at 15.46. Sl 15.80, TP open
Silver failed to close above the 20 WMA at 16.43 and that will act as resistance. Only a clean break and close above will give the white metal a bullish momentum to possibly test the 50 WMA which currently sits at 17.25. Previous cumulative red candles for 4 weeks in a row (end of March 2015 to April) has actually transpired into a similar situation where the...
Silver formed a bearish pin bar sell signal in the daily chart yesterday after retesting: 50 Simple Moving Average Trendline Horisontal Resistance
Bullish divergence is huge on this one, on every new low silver makes on the 4 hour timeframe. Grexit fears should also give gold and silver a push upwards. Entry: 15.956 S/L: 15.665 (Stops will not be hit instantly, until the price closed below 15.665 for at least 2 candles to avoid stop hunters) T/P: 17.29
A potential long opportunity at the completion of a bullish bat which is the 0.886 retracement of the XA leg Stops need to go below X. TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
Long on the completed bullish bat pattern. I will be buying this as a buy stop order as displayed on the chart. Trade is based on the following :- a) Bullish bat b) Pin bar printed on daily chart c) Divergence d) Price is at the bottom of the range (18.34 - 15.66) e) above the blue trendline and last week low SL and TP on charts.