I have been so focussed on the VIX index. I wish I had checked its weekly stochastic levels in advance like I regularly do with Precious metals and Forex sometimes when i trade. The USDX is pushing off this massive W/bottom on the 2 hour time frame. Imagine the double whammy effect this will have with the VIX and USDX rallying concurrently. Just my thoughts.
This is the 4HR chart for XAGUSD. I can see that price sold off on these 4HR candles and price has tried to retrace a series of times. But I see that price kept making a lower-high with each successive candles. I did have a Short in Gold but not long ago I booked a profit. It is quite possible that Gold has further to fall especially if the USDX breaks above...
trading view treat you like a spammer for helping people lol we are about to take profits. i cant guide you through im sorry only on this new thread
XAUUSD on a 120-minute chart is showing moving averages slowly converging into deth crosses and the dual time frame RSI indicator of Chris Moody forecasted the move with bearish divergence starting March 8th. I have closed my long positions in gold and silver and crossed the aisle to take short positions . My target for XAUUSD is down to 2085 which is the...
On the 15-minute chart spot silver in the past few days dropped from a triple top and then reversed in a Fib retracement. Since the price is now at the Fib 0.5 level and a MACD crossover above its histogram, the time is ripe for an end of the reversal and a new reversal to ensue with the stop loss above the Fib 0.5 level, the short trade entry is when the...
XAUUSD- had a big down move on the London Session ; it is now in a triangle with trend lines drawn on the 15 minute chart. The upper resistance trendline has held from far more touches than the support trendline below. I conclude it is more or most likely, that XAUUSD will breakout from this triangle on a relatively lower time frame with bearish continuation...
ZSL provides a short play on silver as an ETF using futures diversified for times to expiration. At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria. A Doji candle a few days ago signaled the end of a brief pullback and so an entry point. XAGUSD as shown on the thick red line is trending downward. The RSI oscillator in conjunction...
Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...
OANDA:XAGUSD Silver ran up hard to close the week. The 10R shows the supply and demand zones as well as RSI pivot and the volume profile. Essentially Friday afternoon's close forms a double top with the high from the previous morning generating a reversal pattern. I think Silver is due to correct and reverse. For the short setup, I will set a stop loss...
On the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term...
Silver is following a descending channel and just bounced from the channel resistance. The price also broke a support level and has retested it. I predict the price is highly likely to move further downwards. Share your views of the pair in the comment section and like if you agree with the idea.
Definetely everyone is waiting for a VERY STRONG LONG BREAKOUT for silver. And the key word here is: EVERYONE. We can be 80% sure, that silver will rally in the coming weeks/months. But what does a rally need? STRENGTH, ENERGY and MOMENTUM! That's what we still don't have. Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe!...
Reasonable to argue silver retakes 50% of the trend channel.