Silvercharts
A bounce in silver is coming !After 10 days down Silver is very oversold here while gold can still hold above 1260 USD.
Get ready for a bounce towards the 50MA/200MA around 18.00 USD.
After a bounce the consolidation could continue until the summer.
Short on Silver, with low risk intended.Still experimenting XABCD, Fib, and all the basic rest.
Stop loss at 18.60, few capital at risk.
No target settle, to each is own feeling I guess.
Cheers :)
PS : Long would be a good strategy for very long term, what ya'll think ?
Bearish SilverBoth a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
SILVER 4h , at resistance, BEAR DVG, watch for directionSILVER 4h , at resistance, BEAR DVG, watch for direction.
Normally BEAR DVG would change to down , but we wait for more confirmation here.
Smaller TF could also be smart to keep an eye on, coming week...
Silver (yearly view/possible scenarios)There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short term.
*Important: The silver market is highly controversial and there's clear evidence of insider influence/manipulation of price in the past, so take everything with a grain of salt.
#Silver - Enough is enough, time to rise up & shineHi everyone! Here is my view of how silver should gain its rightful position in the market. All points are proximate and displate as an estimate. So please do not trade following this idea. Just my though and my point of view. This one DXY will show its last breath in March 15, although Pentagon already sent another 500 troops to Syria and OPEC decision on ceasing oil extraction is still uncertain. Anyway, we follow technical analysis here.
Silver Short on E LegLooks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side.
Good luck Muze(xag/usd)
SILVER Trading Forecast for February 13, 2017Silver, like its sister Gold, is bullish for the moment as long as it trades inside the channel (yellow). Goal is around 18.200 area.
Happy trading everyone!
A possible long on the retestSelver just broke resistance, and did put a new higher high now. It is making a double top, that may can be the reason for a bounce down and retest of the broken structure. Will be looking at 17,200 area to go long.
Like if you agree, follow and support!
Silver!Interesting point on the chart here. Trendline on the daily and then a bit of prior support/resistance. I am long physical as a longer-term play, but here we could see a pull back. Still long term bullish even with rates rising here in the US. Think current admin WANTS a weaker dollar...whether they get it or not is anyone's guess. The US is one of the only places in the world raising interest rates currently.
Decision Time for SilverSilver is trying to move out of this downward chanel, if it succeeds upwards its going to test $17.50 if it fails it is going to test $16.
I wont trade it beyond this point with leverage but will still buy physical as its a great buy oppotunity!
Looking for a break either way.
A Chance for Gold to Target 1220Trump's recent "saber rattling" comments about China should send gold to 1220 over the next 48hrs. Today we've seen some demand from Asia pushing the price to a new high @ 1208. I'm loaded on $JNUG for Tuesday. I think there is a good chance to make a decent 10-15%.
SLV long FEB-MARCH ENTRYSilver is in a downtrend, looking for the correction near or after the elections
Silver outlook for 2017Long silver to $25. Bull divergence on the RSI.
Silver is both an industrial metal, as well as safe haven.
Silver - Look for a buy signal nowAs shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85.
In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
SilverI've noticed a key are for silver has now been broken and we are still above the price of 16.800. This coincides with our 61.8% fib re-tracement and we are still creating higher highs. Price is also now above my weekly support zone and I do believe Silver may push through possibly back up to the 17.800 area. We have my weekly resistance at 17.200 which I believe will be broken , however I feel we may need some sort of outside news or fundamental to push Silver back up to the 17.800 area. This is only a short term projection as Silver Overall Im still Bearish for he Bias.
Silver & Gold- Both for Buy SetupFrom 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside.
Gold -looking for 1300+ Move in coming days
Gold pushed 100$- but later as it evolved & did not move above 1348$ which was expected to continue for 1377$-I took that as b-wave in yet to complete Y-wave
