Silver 4 hour is now at a crucial support level. If this level breaks we see 15.800 next. Indicators don't look great for silver bulls. Adx shows that theres still a strong bearish trend and Stoch RSI shows we still have strong selling pressure. A sell would be at its place, once 15.800 hits move your stop loss to the entry price.
Silver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also...
After 10 days down Silver is very oversold here while gold can still hold above 1260 USD. Get ready for a bounce towards the 50MA/200MA around 18.00 USD. After a bounce the consolidation could continue until the summer.
Still experimenting XABCD, Fib, and all the basic rest. Stop loss at 18.60, few capital at risk. No target settle, to each is own feeling I guess. Cheers :) PS : Long would be a good strategy for very long term, what ya'll think ?
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
SILVER 4h , at resistance, BEAR DVG, watch for direction. Normally BEAR DVG would change to down , but we wait for more confirmation here. Smaller TF could also be smart to keep an eye on, coming week...
There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short...
Hi everyone! Here is my view of how silver should gain its rightful position in the market. All points are proximate and displate as an estimate. So please do not trade following this idea. Just my though and my point of view. This one DXY will show its last breath in March 15, although Pentagon already sent another 500 troops to Syria and OPEC decision on ceasing...
Silver, uptrend channel If price break 18,5 1st TP this year will be 19,67
Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side. Good luck Muze(xag/usd)
Silver, like its sister Gold, is bullish for the moment as long as it trades inside the channel (yellow). Goal is around 18.200 area. Happy trading everyone!
Selver just broke resistance, and did put a new higher high now. It is making a double top, that may can be the reason for a bounce down and retest of the broken structure. Will be looking at 17,200 area to go long. Like if you agree, follow and support!
Interesting point on the chart here. Trendline on the daily and then a bit of prior support/resistance. I am long physical as a longer-term play, but here we could see a pull back. Still long term bullish even with rates rising here in the US. Think current admin WANTS a weaker dollar...whether they get it or not is anyone's guess. The US is one of the only...
Silver is trying to move out of this downward chanel, if it succeeds upwards its going to test $17.50 if it fails it is going to test $16. I wont trade it beyond this point with leverage but will still buy physical as its a great buy oppotunity! Looking for a break either way.
Trump's recent "saber rattling" comments about China should send gold to 1220 over the next 48hrs. Today we've seen some demand from Asia pushing the price to a new high @ 1208. I'm loaded on $JNUG for Tuesday. I think there is a good chance to make a decent 10-15%.