I love silver more than gold...WHY Well looking at the chart and technology, gold is very manipulated and silver is almost 10x less than gold Plus not to mention 1 oz of silver will get you 6 months of food in Venezuela, not that you are gonna go to Venezuela. Right now it still needs to complete the weekly rising/ ascending triangle. I would not be buying...
Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
The major monetary metal in history is silver, not gold For most of mankind throughout most of history, silver has been the much more important monetary metal, familiar as the metal of daily commerce. Gold was used only for very, very large payments, which most people make only rarely, if ever. Both silver and gold are monetary metals, i.e., they both benefit...
Silver is getting ready to break out of the pattern. I am bullish on COMMODITIES GOLD,SILVER etc. with all these QE and crazy money supply inflation would be inevitable to occur in next few years. Liquidity will be taken out from the market with int.rates and we are entering in the late phase of the economic cycle. Expecting to see huge rally in the price of Gold,...
XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to...
Gold/Silver ratio looks to be topping out against strong resistance levels. This should see the trend reverse quite sharply as Silver is incredibly volatile. Should therefore see much higher silver prices in the latter stages of 2018.
Resistance levels: 17,23 + 17,67 + 17,91 Support levels: : 16,96 + 16,60 + 16,26 Retrospective view : Since the beginning of July, silver has been in a further upward trend, which started just below the USD 14.50 mark and initially pushed the value above the USD 17.91. Silver began a strong correction in September, which found support at 16.26 USD. Starting...
My previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top...
I am looking to short around 17.30-50 for a target to 16.81, Stop above 17.85
Silver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1...
Area of interest at 17.32 Short - Respected weekly support channel Since February 29th - Wedge pattern forming in weekly time frame - Harmonic move A,B,C,D - RSI Divergence down - Most often When EMA is broken on 4 hour chart, the trend continues - Target 1 15.33 - Target 2 14.25 Good luck in trading!
When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected...
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 on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line). This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry. How to...
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.