Gold and Silver: Long term decline 'Time at Mode' analysis
Updated
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale.
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
Note
As soon as gold breaks above 1282, we could expect the uptrend to accelerate up.I'm monitoring it closely, finding the right spot to go long will be extremely benefitial.
Note
Seems like we have chances to long gold and silver lower, looking for the entry.Silver close to 15, gold near 1190, or 1155.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.