potential harmonic bearish bat pattern formation on silver . Entry - 18.55 Stop - 18.95 T1 - 18.1 T2 - 17.6
potential harmonic bearish bat pattern formation on silver. Entry - 18.55 Stop - 18.95 T1 - 18.1 T2 - 17.6
silver is in channel now we can see the bullish flag and there is a possibility to move down in ISM.
At the moment of publishing this report gold is trading at $1509 per ounce and silver is trading at $18 per ounce. Gold prices have surged more than $20 since our last Wednesday analysis however silver gains were almost negligible during this period. In this research report, we have tried to gather our counter views in order to make our report more informative and...
Just as in the case of Gold (XAUSUD) analysis published previously; Silver (XAGUSD) seems to have formed a contracting triangle corrective pattern in wave 4 as indicated by the wave structure of the sideways price action in September and October and by the converging trendlines that connected the extremes of waves (a), (b), (c), (d) and (e). What is most...
Hello traders. Quick Friday short play. Profits locked in for the week so we can get aggressive. Tight stop, gold looks froggy =)
(chart self-explanatory, lines and connections have been averaged using step-line over linear for greater precision)
Silver (XAGUSD) is trading within a newly emerged Channel Up on the 1D chart (RSI = 60.617, MACD = 0.050, Highs/Lows = 0.2338) following the October 1st bottom just above the 1D Support Zone. Both the 1D candle action and the RSI sequence resembles and October/ November 2018 fractal which delivered a strong rise once the Channel Up broke. Our advice is to take a...
Hello traders, This monthly closing candle should show us the moment of truth of gold, comment down below what you guys think will happen to gold. TRADE SAFE WITH SL
We see Silver continuing the upward momentum in particular if it breaks the key resistance level at $18.18. There is a significant amount of upside potential for Silver in particular with the renewed uncertainty in talks between the US and China, which could lead to talks breaking down once again and Silver reaching beginning of September highs above $19.5.
If you take notice that we broke the flag you will also notice that the candles were NOT as impulsive as level 4-5 from our previous 12345 IMPULSE from A to B on this idea. If the breakout was as strong in volume and size as that the probability of a straight parabolic continuation is higher. BUT we didnt get that. We have went into a consolidation that can...
As Gold was bull flagging, completing an A-B-C-D-E wave, it also formed a reverse H&S, Several bullish hammers on the lows (also contrasted to some bearish on the highs) And a breakout of a trend line. What more would you like? In my opinion the trend is bullish for now. But please keep showing contrasting idea's as we shouldn't get too biased.
Alright just a quick run through of gold and cryptos