Silver: Long Road Ahead! 🛣️🛣️🛣️For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above $30.35.
Have a pleasant weekend!
Metalsignals
Gold: Down, Down! 😩😩😩After the recent drop, the gold price was not able to recover. As long as the price stays above $1761, we expect the curve to slope upwards again. However, the alternative with its 45% probability is waiting just around the corner to pull the price further down south.
New entries are coming!
Silver: Bearish Comeback! 🧸🧸🧸The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70.
Happy weekend!
GOLDGold has been out of the rising channel for a few days, and while waiting for inflation figures today, it seems more likely to continue to decline. Short gold today!
GOLDYesterday's long recommendation was validated by the Market, Gold still remaining exactly in the middle of the rising trend channel. Therefore, in the medium term I keep my prediction long, although at the American reopening, some volatility is possible during the first session.
GOLDGOLD was in the middle of the ascending canal, but also in the area of 1900, a very important level. In my opinion, he will probe this level for a while, after which he will choose the ascending direction. Long Gold for now!
GOLDAs you can see from the past analysis left on the chart, gold is in a rising channel. However, given the volatility and the unit of time analyzed, there may still be days in which it decreases. But as long as it stays in the area of this channel, and if we do not trade Intra-day, the prediction for Gold is Long.
Gold: Going Canoeing! 🛶🛶🛶We have reached an important region by crossing the line at $1879. Next, the gold price should move downward again. If the gold price remains above $1799 it should keep its bullish orientation and prices of $1951 should be realistic after turning between $1839 - $1823.
We wish you a great start to the week!
Silver: Turning Point? 🔀🔀🔀We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
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GOLDGold is in an important area of resistance. It is possible to fight it a little, but we have a few days of growth behind us, and I think that this resistance will be overcome. Long gold prediction for today!
I ANALYZE FOR YOUR COMFORT - GOLDBullish cascading formations for GOLD, which seems to aim upwards. As long as the chart stays that way, and because we are in the week of inflation, the prediction for Gold remains long!
If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will publish the analysis. Everything on green !!
I ANALYZE FOR YOUR COMFORT - SILVER It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening !
If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will publish the analysis. Everything on green !!
GOLD - STILL LOOKING THE PATHStill shy in climbing, gold reacted to the first resistance encountered. But this does not mean anything bad, but only shows the caution of the bulls in the face of so many failed attempts in the last year. But I think the age of metals is approaching, and I believe that they are already on a still minor upward trend. For the brave, it is time to act, the price is good for the future. EVERYTHING ON THE GREEN!
Silver: Waiting for the Entry Point ✅✅✅A lot of you have asked us to analyze the silver price, so here it is! We expect the price to rise between $27.045 and $27.825. From there, we believe that the silver price will be moving downwards for a long time, as we expect it to fall under $20. This would be an amazing opportunity to enter on the long side and hold those positions for an extended period. However, there still remains a 35% chance of an early breakout above $30.35.
What would you like us to look at next?
XAUUSD The RSI's rare Bullish DivergenceDespite Gold's recent and continuous downfall, there is a unique technical occurrence that I spotted and have to bring forward for short-term consideration.
As you see on the chart, since November 24, 2020, every time XAUUSD's price is on Lower Highs (red), while the RSI is on Higher Lows (green), i.e. a Bullish Divergence, the price makes a bottom and rebounds.
Since January 15, 2021 in particular, that rebound (after the RSI's Bullish Divergence) has always topped above the 4H MA50 (blue trend-line) on what is a Lower Highs Zone (red zone).
This is on a short-term horizon, for your consideration only. Do not lose track of the bigger time-frames as shown below:
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Silver Set UpTrap 2.0
Will placing 2 positions once the market is open,
price is above the 10, 20 & 50 EMA!
Most recent candle engulfed the 3 previous candles.
TP's will get hit, money will be made!
*Markup is on the daily so it might take a few days to fully play out but hold & don't fold!*
(Personal recommendation try to buy physical silver, the central banking system is in historical weird times with all the debt created and the inflation of all currencies. Silver & Gold are tangible items that's values will never go away plus silver is used for solar energy! Think bigger, think for the long term & never be scared to lose.)