The multi year trendline was broken this summer . The drop broke below 69 at the end of August. On the daily chart I was waiting for the tag of the 200 SMA it never happened though. That's why I suggested to short silver this autumn. But XAUXAG was so week in the previous 4 months that it was only able to back test the multi year trendline and the 200 SMA on...
At the end of August I was starting to call the top of the previous intermediate cycle at in 3 ideas: I was waiting for the tag of the 200SMA on the daily chart. My minimum target for the decline was the 50% FIBO retracement at 1763$: I was waiting for a more severe panic selling, but we need to trade what we got. The intermediate cycle lasted for...
There was many possible trigger event for gold to break down from the flag this week : Powel's speech, FED minutes, Trump's tweet In the previous daily idea I posted what my expectation was in gold. Price bounced from the 100 SMA on the daily chart . The length of the flag was important. I said if we spend days (1-2 weeks ) of back testing the breakdown...
Silver is not an easy market. It depends of many factors. Precious metal so most of the time follows gold. Industrial metal so it follows stocks as well. And as most assets the dollar determines its movement. Right now I think the significant part of silver damage in this intermediate decline is done. The decline started at 30$ and it dropped down to 22$. It was...
This is not the best setup , I'm not going to trade this because right now there are much better possibilities on the market. The 2 reasons it's worth taking a shot : 1. 200 SMA 2. Time wise we are arriving into the timing band of the possible ICL decline. After the severe declines the 200 SMA acted as an important resistance many times I used it in a few...
The answer for the title question is no. The decline is not over yet. Gold is in a bull market : the intermediate cycle lows are printing higher lows and the IC tops are showing higher highs. Right now I'm shorting the last part of this year's intermediate cycle's end . This intermediate cycle started in 2020 March. Gold's intermediate cycles usually last for...
Weekly overview. Sometimes it's important to take a look at the weekly charts so we don't lose sight of the big picture. The most important thing you need to know about gold these days and in 2020-2021: " You know it's a bull market." Gold is in a bull market since 2015 December. Even in the basing process it was printing higher lows : In a bull market...
If you read the chat you might see a comment many times I doubled , tripled etc.. my account. Is this possible? Are these guys are telling the truth or just shooting the line? Yes. It's possible. You might multiple your account 2x, 3x, 5x, and even 10x in a relatively short period of time. The secret is that you need to trade and build a position during an ICL...
2 days ago we printed a very strong reversal candlestick : a key reversal pattern. Yesterday we had a follow through with a red candle and today the selling accelerates as we broke below the 10 SMA. The dip buyers are coming back again and again as they missed most of the move since 1700... They are buying at the 10 SMA and now they are buying the backtest of...
I see a special topping candlestick pattern evolving on the daily chart. Yesterday we printed a hanging man and today we broke to new highs. When the daily cycle is topping you can find very often the hanging man - shooting star combo at the top. Today's candle can easily turn out to be a shooting star. The hanging man shows that the selling interest started to...
Target price tagged at 1.18. When everybody is buying I'm here to sell. In this idea I explained what happened to the dollar: The monthly chart also suggests EurUsd will take a breather before breaking the trendline. Target is the test of 1.15 in a month.
This is going to be an interesting idea. The XAUXAG ratio dropped to a multi year support at 81. Actually this is a 6 year - multiyear - support line. It's way too stretched below every moving average, printed a bollinger band crash signal. I'm waiting for at least of the tag of the 10 MA and maybe we backtest the cross of the 100 MA and the 50 MA. ...
This idea explains where I try to enter an EurUsd short position next week. I'm not trading the currencies too much because this market became the World's central banks playground in the last 10 years. They print, intervene and steal money from people to their liking. It doesn't mean I'm not watching these markets though. A few great opportunities are forming in...
Before trading this idea you need to read and understand this idea : I suggest to take this trade only with a XAUUSD long trade with the same margin impact as your XAGUSD short. This is the only way to minimalize the risk of shorting silver.
Before trading this idea you need to read and understand this idea : I suggest to take this trade only with a XAGUSD short trade with the same margin impact as your XAUUSD long: This is the only way to minimalize the risk of long gold this late of an intermediate cycle. I will exit this trade of the tag or marginal break of the all time highs.
We have the same setup in SLV like in XAGUSD. Same triangle. Same multi month trendline. The question is will the banks allow the rally or they just create a false breakout. Volume looks good in SLV.
I will be a bit late to the party with this long idea but as I see we have too much gold short idea in Tradingview right now. Will all these retail trades make money on the short side ? I doubt. If you short gold you have to be ready for a 100$ upward move in the following few days. The stock market is slowly topping out and liquidity - at least some of it - will...
I'm watching silver for weeks now . It's in a triangle and it seems it's finally breaking out today. The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer. The question is if we can break through the...