Silver today is more attractive than when it was at $29 as per my chart it has a room to drop to $23.5 without any problems with the underlining uptrend (however $26 looks like a strong support another support is the $24.40 and finally the $23.5 trend floor but make no mistake this market is pointing to the sky fundamentally and technically there is little room to...
Trend Down no doubt
MA200 pints Down
GBP recovered but to set up the stage for another round of selling
GBP hit a resistance @ 1.24 Area for anyone who wants part of the second selling round to short in this area with a stop around 1.25
No new sell signal yet
anticipating a sell signal (HP) around 1.2 when that is reached a title wave will hit GBP we are...
Gold in an up trend move
MA100 is pointing up at 1456
Gold move down was stopped at 1450 (MA100) where buyers emerged strongly cousin a move above 1600
new buy signal established @ 1563
1580 - 1620 a good place to establish a long position
new Target is 1990 (27 box X 20 box size) + 1480
best wishes and stay safe from the Coronavirus
High pole established target 88 area
if gold hits 2000 silver will be around 23 if the ratio stays at 88 (it may go much lower) if it goes to 60 silver will be 33 but it even can go to 30 that means silver could hit 66
what it all means the risk reward is in the buy side anywhere from silver 23 to 66
UP trend line broken new down trend established
Double Bottom target 90
Fundamentals : maybe a second rate cut coming + Repo's, QE tax cut helicopter money stock purchasing everything in magician bag will be thrown at the markets ( meaning more dollars )
DJI is a strong long bull market with underlying strong economy of the US
the chart analysis is as follows
the signal is a High Pole established at K 27 with a target to K21 and support at K22.5
the strong climb is expected because of the intervention and why not intervention is an important market force...........
in bull market such as this one this signal is...