As we are writing this report gold is trading at $1280 per ounce however the white metal is still hovering around entry level which is at $15.Today we have seen gold prices to reach up to $1290 however soon after the selling pressure drag the precious metal down. The moderate climb which we have witnessed in the precious metal sector was mostly caused by the...
So many signals are pointing towards the cycle peak
I don't totally agree with day trading. I like to look in a far prespective, look how the market reacts to the diferent news. Pacience is needed to be sucsefull. Wait for the right oportunity and it may reward you more than 100 of them. Be pacience, plan your trades, and let your knowlage guide your emotions Leave a like if you agree. Have a nice day!
The right shoulder is tracing out a higher low, and a higher low than the left shoulder. Stochastics also showed the consolidation on high pattern and stayed embedded. Once 1340 breaks, then onto 1550 area.
next cycle could take the ratio down to below 20 imo
Is silver a safe commodity ? This is the main question. In the short, maybe yes. The price of silver has once again returned to lateralize in this channel. Between static support at 14.07 and static resistance at $ 14.75 an ounce. Until one of the two is violated, the trend remains flat. So speculators will tend to trade this commodity on very short time...
Hi, thanks for viewing. I am not presently able to trade Copper, but it remains of interest for a few reasons. One is that the majority of silver (56%+) is produced as a byproduct of copper, lead, and zinc mines, so reductions in the price of those industrial metals may point to a slowing of production of silver. I am not sure of the numbers for gold, but at...
XAU Index tagging 34 Day Double Bottom Level
Current active position Asset: XAGUSD ( Silver ) Sell Stop Entry Price:15.000 Take Profit: 14.00 Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable) Risk/Reward: 1:2
Gold Miners XAU Index is dirt cheap and free for all... just ask Bernie
Giving Away Gold Miners : 13.6% of all XAU closes <= 67.3
HL / Hecla is worth $3.50/share (Weekly 340, 204 & 500 Hull)
If XAU pops to 100, it's a 47% gain, 200 a 200% gain
TIME TO START LOADING UP ON GOLD MINERS
Since 1984 the XAU Index closed below 68 14% of time - BULLISH
XAU Index - 4 HR - 34 now breaking above 500 Hull = Bullish
Previous analysis we caught the low of this big correction. So far looking almost perfect. We bounced up very nicely from the bottom and we are up 15/20 points already. The double bottom neckline has just been broken as well. Still below that resistance line, but it should break this week. From now on i want to see it stay above the 1281/3. A drop below that level...