Gold (June) / Silver (May)
Gold, yesterday's close: Settled at 2346.4, down 67.4
Silver, yesterday's close: Settled at 27.245, down 1.599
Gold and Silver futures have been bludgeoned. If yesterday was not enough, seconds were served last night. Gold is testing into a critical area of support at 2300-2308.5 in which the market must not only hold and respond...
Early forecast for 2024, SILVER will be MUCH HIGHER.
In recent weeks I have started to accumulate SILVER and a number of precious metals mining stocks. I believe both will be going much higher over the net year+.
Currently $23+ I believe we shall see $26+ by early 2024 followed by $30+ over coming quarters.
The move from March 2020 to August 2020
Was a measured move that played out to the Tee.
We have a similar structure building that projects to the High 30's
Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
This is not to be taken as a trade. You may use it as part of your collection of 'research' before making your own decision, however.
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These are explicitly the "best-case scenarios" near term.
You can think of the red line as an increasing 'stop loss,' or better put, validation line. So long as the price is above the line, paths such as these are...
Silver hitting HARD opposition at 28$.
Silver Important Breakout Line is Also Resistance...
not a good look if the upper wick continues to grow on monthly candle
Yes, I gotta put this out there...
If #Silver is to reach much higher price targets, it won't do it in an absolute straight line!
Unless you zoom out to higher time frames, where shorter term corrections can't be seen.
If you are seeking for higher price points for #silver, you should hope it doesn't SUPER HEAT now on smaller time frames.
That type of FOMO...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way.
MEASURING IMPLICATIONS OF CHANNELS
The real power of channeling is greater than just working with a supportive/resistive...
COMEX..............👍
1 LAST FREE TRIAL CALL........TREND CHANGE........👍
Gold and Silver......100% CRASHED......in next few minutes.....👍
Before EUROPE/US Market Open----WAIT BELOW TGT1 IN NEXT FEW HOURS......👍
INTRADAY TRADING STRATEGY FOR GOLD AND SILVER......👍
Again Sell.....JUNE Gold.....2412.00-2417.00 range
SL 2430.00
Tgt1 2380.00
Tgt2 2350.00
Tgt3...
Fibonacci levels are mentioned in the chart. First target of 85K already hitting. Second target would be 95K. Third target would 1.2L. Massive run expected from 95K to 1.2L.
For educational purpose only.
Gold (June) / Silver (May)
Gold, yesterday’s close: Settled at 2348.4, down 14.0
Silver, yesterday’s close: Settled at 28.052, up 0.068
Yesterday’s warm CPI and weak 10-year auction paved the way for a much-needed consolidation day for Gold and Silver. Still, the precious metals complex battled valiantly, exuding bull market trends within the intraday...
Silver, the radiant gem of commodities, is currently on a thrilling journey, breaking records not seen in two years! Today's cash rate for silver hits an electrifying high at $27.334 , with its May future price following closely at $27.438 .
Highlight: From February 15th to April 4th, silver has surged with an astonishing movement of 25%, leaving traders and...
And guess what happened next to #silver after #gold broke out versus #inflation?
Reminder that #storylines and #narratives are land mines and traps for #traders.
Stay clear of them. Stick to the unbiased, objective evidence... #charts!
4.9.24 The gold and silver are trading higher with bullish price action for people who follow the metals they know that as the market goes higher the silver actually will make you more money than the gold depending on how you trade and your trade location. The problem with silver is that it is had a hard time trading above the 382 retracement... and there's...
We come back to the silver market where our previous article indicated a potential breakout. Now that we have seen a decisive break and close above previous major resistance, we have new hurdles to clear.
Drivers:
Partially fueled by the rally in the Gold market, silver prices have also witnessed a disconnect from traditional fundamentals such as tighter...
Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading...
