telephoton

telephoton

First off, I think using line chart paints a more stark picture than candlestick for the big picture I want to look at in this idea. We haven't seen silver at this price since 2014. It has made a smooth, swift, decisive move to the upside, very different from the waffling, back and forth sawtooth price action that has happened while silver has bottomed out all...

telephoton

buy gold and silver about to break out

telephoton

sell soon

telephoton

Physical and paper gold price have completely detached and decoupled at this point. Try to go to a coin shop local dealer, you will not find spot prices. Gold is poised to explode above highs once people try to take delivery of their nonexistent COMEX and LBMA gold. The jig is up. Good luck trying to trade paper gold now with Technical Analysis

telephoton

There's still a long way to go

telephoton Updated 

With a similar situation emerging to the 2008 financial crisis wherein gold and the stock market along with many other assets depreciated simultaneously, and Coronavirus creating a more risk averse investing atmosphere, The best trade to take now is to wait for a pullback to 1450 (likely entry) or 1400. The long term trend line shows that gold will find support...

telephoton

Silver has broken out of the descending triangle and has now completed the first main bullish impulse since the peak at the beginning of September. The price will probably retrace back to the 17.3 level as that is a common decision point throughout the structure of the descending triangle. Afterwards, the bull market will continue much higher

telephoton

As title says

telephoton

As you can see we've had multiple downward impulses and they move down about the same amount each time, but they are positioned such that they are leveling out the price. Soon we will start to see positive upward movement again and we will resume the bull market we've been in since summer this is not trading advice

telephoton Updated 

Gold has passed a strong resistance line at 1400 which gold has been sinking farther below since after the great recession, but as you can see the upward curving lower support line is soon to intersect that strong resistance which has already been surpassed. After a strong, well defined cup and handle formation resulting in a huge bullish run up to 1550 recently,...

telephoton

This ascending triangle is going to either break out soon or crash. At record highs, I think it's time to sell. This is not trading advice

telephoton

It's got the clear diverging trendlines, formation beginning after a sharp, clear rise, and a decades long downtrend preceding. On an instrument as large as the dollar, this isn't just a fluke, it shows massive indecision about continuing bullish action for the dollar in the future. This is not trading advice

telephoton

Descending triangle or descending wedge? We've already had a few breakouts to the downside of the triangle if it is one, but they have been rejected. We are also reaching the end of the descending wedge if it is one and the aforementioned breakouts were false. Which way will the silver markets go? I say stay out of Silver until the markets give a clear indication...

telephoton Updated 

With increasing uncertainty and recession concerns increasing, it's highly possible S&P will break down. Since the crash at the end of 2018 the S&P has been buoyed up but now that upward impulse is running out of steam. There is a clear descending impulse developing as the highs slightly curve downward inching away from the upper bound of the ascending channel....

telephoton Updated 

We could be seeing a descending wedge beginning to develop. It may be too early to tell whether it is instead a descending channel , but keeping an eye on it once it reaches the support zone should be good indication of a bullish or bearish breakout depending on which way it moves outside the pattern even if it is a channel.

telephoton

Bad news for DXY

telephoton Updated 

Silver has had two false breakouts of the ascending channel which it has recently entered again. The correction to the down and out side of the channel after the exuberant explosion to the upside of the channel lasted longer than the upside rally did, but because we have reentered the channel this is a sign that we may be resuming the upward climb as long as we...

telephoton

I think it looks good for gold in the future