This June.2014 is very critical for long terms trends.
As you can see in the diagram (it is almost the same for gold too) , the reaction is towards the Kijun Sen (blue line) that is natural to happen It is very late already. It is 21 months away and this is a very long time.
So, if the related linked idea will happened, the XAGUSD will be reach the $22 at...
Friends,
While USD seems to gain strength, the antipod metal is looking to rally as well. Will this be a case of the Monday for Gold?
Looking forwards to the week ahead.
In the mean time, look what's nearing our target set late last year:
- XAUXAG - Weekly chart:
Cheers,
David Alcindor
Despite of Silver failing to create a new high but turning down @19.74 this might be a setup for upside move. 4 possible patterns (cypher, shark, crab, and inverted H/S) showing a very likely bullish move
Make or break? I wish I knew. The last 3 years is almost always break, I think.
Fact is that is so easy for sellers here, that if the line breaks there are going for targets lower derived from both triangles. Easy is sometimes suspicious.
This weeks down candle volume is 1/4, up to this morning, of the volume of last week's doji. Posted current contract days...
Traders,
A quick target-hit announcement: Target defined last April 15th was hit - See analysis here:
System continues to see further downside. Floor is not open to 18.185 ... And below as well.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
TradingView.com
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Get my signals, predictive analyses and forecasts on...
Friends,
Last January 25th, 2014, I defined a bearish target as TG-1 = 18.815 - 25 JAN 2014, and offered the following note:
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#XAGUSD: Predictive Analysis / NEW Target | #XAG #XAU #Silver #Gold
- For the record, chart annotated as: "xagusd - 2014-01-25 - h4- new TG-1 = 18.815 - 25 JAN 2014 - 4xquad forecasting"
TECH-NOTE:
#Silver...
Friends,
As a new week opens, a bird's eye view of the Forex market might be best appreciated if taken on the back of the US Dollar Index (DXY).
SOME FUNDAMENTAL POINTS AND OPINION:
At this point, fundamentals are expecting to carry the greenback upwards, on the general assumption that the Fed will continue to taper. We also discussed earlier weaknesses in...
