Silver has definitely take off - but yes it's early days. And that's where you wanna be - early in any bull (or bear) run. Gold surprised 'everybody' recently, and many including myself, were left with their jaws on the floor! Silver is so far looking like it's likely to follow gold. The trouble now for new entrants on Silver, is in finding the right spot,...
Intraday - We look to Sell at 1400 (stop at 1407)
The medium term bias remains bullish.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Selling posted in Asia.
Expect trading to remain mixed and...
OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
Nobody or very few people have been looking at Silver. Why? Everybody is distracted by Bitcoin and GBP pairs at the moment.
In the screencast I show that Silver is ripe for a controlled loss. Oops.. nobody wants to hear about losses - right?
I'm stalking this one carefully - having been distracted and missed Palladium.
Silver is pretty cheap at the moment....
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.
and many more
Cable now through 1.4200
USD rallies on comments - EUR/USD falls into low 1.2400's
US pres. Trump says Mnuchin comments out of context, Ultimately wants to see stronger USD.
Excessive USD moves causing unrest among central banks - ECB and SNB clearly unnerved - RBA and RBNZ next?