Pius_pip

Pius_pip

Messing around on the monthly. Long shot but very interesting given the current global dynamics, particularly the noble yet short-sighted aggressive climate policies by the West. Short then long.

Pius_pip

At three-year highs...weekly double top...daily rising wedge...4HR H&S... Short on break of 0.715 to 0.7

Pius_pip

Silver at a crossroads...still got to breakout the range, rising wedge...staunch defence at 200, direction is trending up. Lots of fundamentals at play.

Pius_pip

Being a dollar bull is tiresome...but if $90 puts in a double bottom, hello $93! (orange line) RSI (7-day) took initiative and put in a double bottom already (despite declines). LT, I may get cold feet if we lose $90.

Pius_pip

Ample number of landing spots...all below current price levels.

Pius_pip

Pullback...sell off...consolidation...call it whatever you want, EU needs a break. The pair has traded in a lower timeframe (see 4hr timeframe) rising wedge since midway through December and is now testing a 1.2250-1.2400 sell zone not seen since April 2018 (see Weekly timeframe). On the fundamental front, more focus is being placed on the global vaccination...

Pius_pip

Gold’s returns in 2020 were easily dwarfed by silver’s and looking at the price chart... there is a decent chance this continues in 2021. Silver has broken out of the triangle it traded in for most of the backend of 2020 and whilst there is still some resistance ahead, even greater upside makes silver very attractive.

Pius_pip

Gold faces a lot of resistance to the upside to start 2021...but bulls are in control after strong finish to a good 2020 and should have another strong start to the year.

Pius_pip

The U.S Dollar is extremely oversold to start 2021 and is due for a bounce...long term, the downtrend bias still remains imho.