Beautiful picture, text book perfect. Ready for a retracement.
Hi all, Booked some good profits on this pair and got stopped out at a good profit after the FOMC a few hours ago. I am now looking to re-enter this pair. Targets and stop are based on previous structure. Entry: 15.696 Stop: 15.991 Target 1: 15.242 Target 2: 14.707 Best of luck!
If valid break, PO around 89 area
Hi all, On the XAGUSD we can see a bat pattern forming. Completion is at the point D. Stop goes below the X. Targets are based on previous structure. Entry: 14.735 Stop: 14.475 Target 1: 15.109 Target 2: 15.345 Target 3: 15.72 Like if you agree :) Best of luck!
Top of weekly cloud (16.20) is target. Holding 50 ema weekly and weekly bottom of cloud.
On 14th December 2015 XAGUSD put in a low of 13.62. Since then we have seen SILVER move higher and there are no signs that we're headed back to test that low any time soon. I have multiple positions open LONG SILVER and I can't foresee a time when they will be closed (now 15.44) Currently price is moving out of the monthly 23.6 Fibonacci zone into the 38.2 Fib...
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale. It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will...
silver ? well so expensive right nw . If Im a rich man i would not buy it now .. so just short sell it until hit 14.55. then buy it with cheaper price . Finally sell it around 16.5..
A Cup and Handle pattern completed it formation for XAGUSD chart. Also, there is a bullish Flag pattern formed, targeting 16.300 figures approximately. Entry point, SL and TPs are in Comments. Thank you for watching and trade safe!
Good morning traders, Silver is developing a harmonic pattern, let´s see if a Bullish gartley . I entered short at Market with SL above 15.5 on a daily close . If you agree please thumbs up and/or follow me You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and...
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...