Is very telling...
We are currently over the macro .786 FIB where the last $26ish Node sits.
But the $16 macro level tells the tale.
So many selling that level that held from the early 1900's and again in 2007 - 2011...
But over the past 9 years.
Physical Stackers have been accumulating that level.
Paper traders have too...
Nations are... Bankers...
In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio.
Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position...
we delve into the dynamic world of growing stocks, commodities, and indices providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, we aim to equip you with the insights you need to navigate the stocks with confidence.
Stay tuned for regular...
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...
🎯The chart is pretty self-explanatory as always!
🎯If I were you, I would keep an eye on this shiny metal.
🎯 With increasing turmoil over the globe, Precious metals are becoming lucrative.
🎯 Beautiful consolidation structures
Share your thoughts below!
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions....
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...
