4H Analysis Long Term - Price moving on a Descending Channel Short Term - Price moving on a Mini Ascending Channel Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down. Entry Detail: SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate. TP: 2R - Just before previous...
If Silver is able to close with bullish engulfing candle, then more and more upside is more likely for the metal which is currently on correction. This could possibly send the price to the upper channel of the bullish wedge.
Bullish Potential in Silver. 18-Mo. MA Support- $16.80 Channel Support - $16.92 Bullish Wedge Formation 1st Resistance - $17.06 Target Price - $25.50 Tight Stop Loss - $16.70
Korrektur bald abgeschlossen und Ready für einen neune Schwung nach oben ?
Silver continues it's recent downtrend after the FED indicate on Wednesday that there would be no future rate cuts despite downside risks. However, we still maintain neutral view given the volatile nature of the market as we await a break towards support at $15.55 or resistance at $18.2 to determine the future direction of the market.
Please, note-We are still holding our short position both in gold (entered at $1530) and silver (entered at $19) as we could witness the very severe breakdown within the precious metal sector in the upcoming days and months which would ultimately make our positions more profitable..we are warning you from months however if you would still like to enter short,...
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...
Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs. Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day...
Silver shows further rejection after false break out of the falling wedge, it has lost key fib levels of 61.8 and 50. continue to drop until $11.
Silver bouncing again from its 3-month strong resistance, also within trend line. RSI suggesting exhausted market on previous resistance test.
The Repo market is proof that something is wrong with the system. It's an unsustainable system. Rates need to stay low and money needs to be printed in order to sustain this bubble - eventually this will create an intolerable amount of inflation. As the market realizes that QE isn't temporary, that it is permanent until inflation is out of control, then...
This is the S&P500 priced in #gold. Recent action looks like a breakdown and pullback of a decade long channel. Suggests gold outperformance in the coming weeks/months if pattern holds. $GLD $SLV $SPY $SPX #silver
Entry Point- @ $17.00 Price Level Support - @ $17.00. Channel Support - @ $ 16.90 Stop Loss- @ $16.69 5 Month Target Price- $20.50 To me, a good risk/reward ratio at this level. Will know in short term if a good buy or not depending on strength of channel support.
Last 5th corrective wave of C down to green box, will end total correction of big wave 4. Wave 5 will start there till new highs at least 20.44
Silver tends to move in a very specific way. It moves very fast for a few days, only to act very calm in the next several days. Silver already lost its downward momentum as its been calm for a few days now. This characteristic pattern is what we saw also when Silver completed a broad top (just as it did recently) earlier this year. What does it all come to? For...