Sooo, Silver started to creep in with a background bearishness. You can see my previous post on Gold and How it played out. I'm thinking of closing some gold shorts and start shorting silver here. At the top of the range.
I hope, there will be a jump 20 mins into the US opening.
PS. Each box span a day, and the code gives short term and long term trends...
For the Silver, there is not enough room for a bullish momentum, but it looks bullish towards a significant resistance here at 25.128.
The 25.626 is the bias.
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for...
Bonus points if anyone can tell me what the Trump/Right wing conspiracy about silver...seriously my father tells me to buy it and says he has his sources which is usually some crazy conspiracy nonsense.
Here's another example of an arc spider web. The price action in Silver last night backtested the breakout from Jan 2011, this break out 10 years ago led to a huge move in Silver - could this happen again now!!! The secret to these charts is to find the centre of the arc (normally there's a long candle or symentrical price action in the middle). Once you've...
This is my personal journey, not a trading advice. Follow your own plan. I just like to share my point of view to look back and learn from my own analysis.
Silver is related to gold and DXY.
My next TP is 26.599
I wish you al GL with trading.
I will add longs when silver is under 25.
At this moment of writing DXY is looking Bullish on short term.