Hi traders, here's a quick comparison between silver and gold. Silver has reached the upper channel resistance and is forming a bearish pinbar pattern, signaling sellers are joining the market again. The resistance aligns with the 61.8% Fib level which could provide additional selling pressure and lead to a continuation of the recent downtrend. Gold to follow...
March 28th 2019 - Where the weekly chart originates
As we are entering a max market cycle with recession indicators growing, expect EXK to be a strong performer at the very beginning of a recession as well as post recession. Central Bank policy will weaken the dollar and inject trillions of Dollars into the economy with an expansion of its balance sheet and increasing inflation would only ignite the price of gold...
At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued. Merely a move back to previous highs would be significant. In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has...
With the current repo operations conducted by the Fed, housing and rental prices out of the grasp of the masses and an economy that is beginning to show very concerning cracks the days of the US dollar are numbered. We may see the start of financial crises beginning before the end of the year, the future looks bleak for the US dollar. Of course in the throws that...
Around €10.000.000 marketcap, 138 million total outstanding shares, an all-star team (probably the best for a smaller company) and 200-400 million lbs of uranium below their feet, while sold the biggest US based uranium resource in history for about €1.250.000.000 (more than 120x enCore’s current value). I’m truely obsessed by this company and having a big stake,...
Gold and silver prices are steady to weaker in early U.S. trading Thursday. Bulls in both metals have suffered a minor setback late this week and now they need to step up and show some fresh strength to keep their price uptrends on the charts alive. The just-released third estimate of second-quarter U.S. GDP came in at up 2.0%, which was unchanged from the last...
Bearish on every chart: 1d, 4h, 2h, 1h, 30m Calculate the targets yourself ;)
Often when we talk about commodities, the popular ones that come to mind are Gold and Silver. They have both performed well in the past. Gold is now looking interesting but has been stuck in consolidation since 2013 and silver is still range bound and requires multiple resistance levels ahead to be cleared before we will consider it. What good is trading an...
Gold will complete correction approx. till 1450. Correction can appear as 5-3-5 structure with future breakout till 1600, or as a 5 wave downturn impulse, which means ABC is only second wave and gold will complete it's final consolidation till 750-1100 which started in 2011 and entails 5-3-5 structure. And only then you can buy.
Not now, but wait for a mega long. be ready. I will post the long soon. This chart is for fun and showing a bit of the sacred geometry of forex.
This is a screenshot of silver using my custom indicator. As you see the indicator paints bull (buy) and sell (bear) signals. Catching the majority of the uptrend and the downtrend to maximize profits.
Buy and wait for profit.
Put a sell order on 0.689 SL: 0.6895 TP1 : 0.6788 TP2 : 0.6756