2002 rally from $4 2008 peaks at $17 2008 retrace to $8 (23.6% fib) 2011 rally to $50 (261.8% fib) 2014 retrace to $14 (23.6% fib) 20XX rally to $124 (261.8% fib) ???
Silver has been selling off here. It has reached some technical resistance and has had large volume last couple of days.
Correlation with gold turning negative $GC_F
3 confirmation on my short TIF idea. Looking to add to short on this rally.
Based off my TIF/Si1! analysis (see TIF/Si1! below) ...TIF and glaring short. Retail in general a hot topic at the mo. I'm already short silver at 17.69.
Weekly swing low confirmed, heading to supply zone $xagusd
Dollar ripping but metals not breaking out... yet. Sensible short here
So I have been having a pretty good day and might be pushing my luck here but -- this is what I am watching for on Silver for the next 1-2 days (or until proven wrong, anyway). I am already short based on the near-completion of a much larger bearish 5-0 pattern (idea shared by @pixi -- thanks!). I have now identified two bullish sharks, both of which, if...
Gold is in upward channel on the Monthly timeframe even after the correction from the financial crisis. I think we're testing the major trend support and will resume upward channel.
I will need to double-check RSI before entering...and also make sure there are no strong bearish candles prior to the completion point. Even better, I may wait for price to show it respects the the zone and re-test. In my mind small patterns are less reliable but this seems like an great opportunity to try and long silver with only a few pips risk and possibly...
Selling oil and accumulating metals was a good move $GC_F
Currently short silver (see Silver Mar17) so looking to get long Platinum
BREAKED TRIANGLE AND RISING CHANNEL WHAT IS IT... BULLISH FOR METALS AND MINERS?
Appears to still be in a down trend. Interested around 0.03 level to get long AUD vs Silver
Will continue to scale in long when we get back below 17
Trend line support broken... looking for short opportunity, targeting 2.58