Good morning traders, Silver is developing a harmonic pattern, let´s see if a Bullish gartley . I entered short at Market with SL above 15.5 on a daily close . If you agree please thumbs up and/or follow me You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and...
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
Hi all, As I wasn't expecting such a big move up on a friday, I did not have time to post this chart yet. I expect the price to go back up a little bit more to the 15.85 area. This is a good position to go short. ----------------------------------- INFO ON THIS TRADE Entry: 15.85 Stoploss 16.389 Target 1: 15.3 (Risk:Reward = 1 : 1.05) Target 2: 14.445...
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time". Breaking below the inflection point of 1142 increases the odds to attack deeper targets.
We had recently the breakout of a long term corrective strucrure and from now on we should keep an eye for bullish setups. We may soon have a very good buy opportunity if price breaks a smaller correction that formed after the breakout. So keep an eye for that breakout and you may then buy the market.
A test of the overhead supply is possible now
The Gold/Silver Ratio looks to be getting to extreme levels. Whenever Silver recovers compared to Gold it should be a pretty impressive move. Can the G/S ratio get higher? Of course but eventually it will revert back to more normal levels. Although Silver has been weaker during this last upward move, I would think Silver would outperform Gold in the next move.
Everything on chart. Good luck to all of us :)
im looking for push up the price from the level 14.500 which is 61,8 fib area. according to count we are producing wave 4. I have 3 targets 16,50, 17,50 and 18,50; Invalidation level is aroudn 14,39, as 4th wave cannot enter to wave 1 area;
Good morning traders, After reaching the target in previous trade and subsequent retracement, I´m ready to enter a new long with SL @ 15.160 for the next bullish leg. You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one...