Silver is now trading around the 0.5000 Fibonacci retracement level on 1D with the chart being oversold (RSI = 32.316, STOCH = 18.561, STOCHRSI = 7.542) after the continuous decline since last week. This is the only level that we may see a rebound as if it doesn't hold the danger of a full pull back towards 14.000 is significant. We are long, TP = 15.470. **...
I was using these charts to explain to a friend where the price of gold could be heading depending on USD course of action. Maybe someone will appreciate them. :) I'm considering 1282.XX, today's low to be the bottom unless DXY breaks above the long term descending trendline. Started buying in around this price. XPTUSD I bought at $836 along the same...
Hi all, Silver has been on a nice run since the double bottom bounce off the centerline of the descending channel back in Nov 18' causing a rally over 16%. There was a breakout of it's descending channel on Dec 31st 18' marking the first time it has sustained meaningful trading outside this trajectory since July 2016! For Silver to go full bull mode with its...
Silver is close to crossing through its previous High and being on a strong (RSI = 69.203) but stable (MACD = 0.030, Highs/Lows = 0.0739, B/BP = 0.0990) 1D uptrend, it is expected to test the 1W Resistance at 16.200, which is our long TP. After that is will most likely enter into consolidation on a similar candle sequence it traded on during the first 6 months of...
This is another self explanatory chart that examines the common features between Silver's bear market since the near $50 peak and Bitcoin's current bear market since the near $20000 peak. The frames are on a different time scale but serves best the purpose of this comparison. Common features: Descending Triangles on both that broke down to a lower level followed...
cycle has been precise calling 5 of the 5 last moves. will it be right on the 6th? I think so.
end of January target is $15.91; let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
SI1! broke out of the daily uptrend and entered the run phase of the Bump and Run Reversal Tops. Cheers!
Happy New Year O' man, silver could be on the verge of major breakout. If true, major resistance is expected around 20.86$. This is a long term chart of comex silver contracts.. enjoy!! Cheers, Keops
At supply area and declining MA200 now $SI_F, $SLV
This is a simple study for investors who want to take a long term position on Silver, making use of Jean-Paul Rodrigue's Stages of a Bubble. Although the "Fear" and "Capitulation" staged last longer than the theoretical pattern, the similarities are obvious through Silver's Bubble phase. It is also more likely that the "Despair" phase hasn't been entered yet and...
Silver is trading within a 14.500 - 14.800 1D Rectangle (RSI = 52.138, STOCH = 53.739, ADX = 17.520, CCI = 1.5082, Highs/Lows = 0.0000) that is dictating the movement for the better part of the month. However as long as the 14.895 Resistance holds, the downside potential towards the 14.220 Support will be greater. Short TP = 14.265.