Silver looking to break Q4 2021 high.
Moving toward higher end of past 3 quarter range.
Inflecting around 200 week average.
Low risk breakout play and looking for smaller time frames to add positions for free trades.
Ideally this breakout area gets validated over next 2 to 3 weeks.
Price is pressing up short term resistance on 1hr chart.
Nearing 20 week and 20 day moving averages.
Reacting to support on weekly and daily timeframes.
Wick forming on month candle.
Looking to start buying an accumulating into breakout of short term resistance.
US 10 YR Nominal / US 10 YR Breakeven ("Real Rate")
US 10 YR Nominal ("Nominal")
Real Rate increase = Gold decrease
Real Rate decrease = Gold increase
Gold needs sharp drop in Real Rates to move catapult higher
- Higher inflation expectations with decrease in Nominal Rate
- Lower inflation expectations with decrease in Nominal...
Even Aussie losing to gold. Need to be careful seems a bit extended and 61.8% retrace of swing low is approaching. Should form a nice consolidation area before we go higher unless bonds and equities unravel
Starting to heat up. Current quarter producing higher high and higher lower compared to last. Still expecting turbulence but could reach 1,950 USD quickly. Was hoping for a very small near term pull back to recent breakout of resistance to go long. Still lots of time to get in with low risk.
Price bounced off longer term support. Looking for consolidation around resistance and likely pullback 50% of current swing. Trying to find long entry over coming couple weeks. Maybe there could be enough strength to make a break of resistance.