this candle needs to close month solidly (with minimal wick) above 28$ and convert that resistance into support
35$ is the next important resistance level
🎯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....
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 has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts,...
This 2 part video covers...
- USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
- S&P500, NASDAQ, GOLD, SILVER, CRUDE OIL
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5.13.24 Looking for trades in the ES. possibly coffee. There's a chance that oil may move higher. Generally contracted markets are harder to trade than expanded markets... but some traders may feel there's less risk if they stick with the contracted markets... but this is probably not going to be a good way to trade because you want markets that really move...
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.
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal.
Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative...
Silver continues to find support and is likely headed to $36 next. Ultimately we could see $50 in the months/quarters ahead (say thanks to the Fed criminals).
Gold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2438.5, up 21.1
Silver, yesterday’s close: Settled at 32.426, up 1.167
Gold and Silver futures each set a fresh record high on Monday and have since consolidated in a large range, which is to be expected. This range is now well defined with major three-star resistance in Gold at 2448.8-2454.2 and...
Bias is Bullish.
The reaction to news and world
events was enough where there
was no need for the +FVG to be
mitigated before the rally.
Lots of momentum in that move.
All HTFs are bullish.
Although we selll above highs as
a general rule
Expectations are for the DOL to
be reached over the next week
or so, as price grinds higher.
For buyers, wait for...
K1 just break up the nearest highest price and the previous uptrend channel,
Perhaps it is in an accelerating status.
If the following candles consolidate here for days,
It is still a potential good place to buy in.
I think It is similar to XAU/USD and Copper/USD.
They are in a status of long-term Bull Market.
Long-31.1/Stop-30.6/Target-33.4
