Price looks like is about to break after a consolidation period. If it breaks i will wait for a correction and buy the market when this correction is over.
Looks like gold still has some momentum. Todays fed decision to leave rates unchanged gave gold a bit of a boost but in early Asian session gold has given back its gains. Short term trend is still bullish.
I'm carefully bullish for now. Keep in mind that Gold and Silver ratios still suggest one more mayor move to the downside before the big move up! The question...
After Silver doing See saw on price & trend. The Silver has finally decided to go North. The upper rally was signaled on 26 January 2016. In near future Silver is poised to go up. on moderate view chances are bright that it may touch 14.72$ to 14.83$. On a brighter side a level of 15.17$ can also be breached in near future.
Caution: The above are our personal...
Looking in Silver's chart we can clearly see that a previous corrective structure has been broken from a sharp move to the down.. Price pulled back restesting the broken trendline and after a smaller sharp move it's correcting once again. A very nice spot to go short.
Stoploss and profit targets as shown at the chart.
With Series of Higher Low.. SLV is due for break out up..
When it happens, it should be Hot and High..
14.5x should be easily reachable.
SonicDeejay
sub.sonicrsystem.com
Gold was able to survive the expected rate hike. The metals market seems to have priced in the rate hike before it happened. Should see a bounce from this level before continuing its descend.
Bias is still short so carefull.
Whether you're interested in hedging your long gold position or simply want to take advantage of a potential decline in the gold miners, the gold miners present an appealing opportunity in capturing alpha.
Looks like Silver may hold the bottom rail of the channel with a potential target of $14.87 - $14.96 range.
Resistance levels are the blue boxes as well as Fib.
After a sharp upmove price is in a correction at the moment. It's very possible that price will make one more move up where it will complete a bearish cypher pattern. D point is in a key resistance zone which gives us more confidence to go short with this one.
Good day traders,
I´m entering long after clear break of 14 level on Silver. Technically a potential Wolfe Wave pattern is forming .
There´s some reports pointing to break $50 in 2016 ?
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Hello everyone, we have a pattern on XAGUSD. The B leg in my opinion does have a valid ratio.The targets are highlighted on the chart.
Good Luck
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Price has formed a bearish gartley pattern. I will enter this trade with three positions. If price reaches the first one i will move stoploss to breakeven to the other two.
Let's make a case for getting short here with Silver/Dollar on based on the techicals.
Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn.
We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in...
