Fida4u

Fida4u

Silver looks to be in the midst of a pullback. Wensdays FOMC meeting and fridays non farm payroll numbers will be crucial to the markets movement next week. If the fed sounds very hawkish, the pullback will likely go a little deeper for silver, possibly to the $22.60-$23 level. In the case where the fed comes off dovish or metals react positively, I see silver...

Fida4u

The dollar index looks to still have some upside left before it rolls over. I expect it to trade sideways to slightly down for a short period of time, perhaps tagging the 50 DMA before resuming its uptrend into my yellow target box. The fundememtals are not supportive of a huge dollar rally from here, especially with a 3 trillion dollar infrastructure bill on the...

Fida4u

Silver has had a powerful move as of recently. I believe that it is coming into some strong resistance at the $25 mark, along side some weaking momentum on the smaller time frames. Silver gave back a great portion of its rally on friday after backtesting the rising wedge it broke down from the previous day. The 4hr chart exhibits some bearish divergences that are...

Fida4u

There has been alot of chatter about how the dollar has been rallying. In my opinion the run is done, it's coming into substantial resistance after running up from some oversold conditions. The monetary policy is still loose, more money is being printed and the fed is accomadative. This will be a tailwind for precious commodities , bitcoin, and commodities.

Fida4u

Silver is currently trying to figure out which path it wants to take. It's currently trending higher within a bull flag, but not convincingly. Ultimately it breaks out to the upside but I wouldnt rule out any temporary drops towards the $22 -$24.5 range. Notorious for its headfakes and choppiness, it can be a difficult market to trade. I do however see...

Fida4u

Bullish divergence on the rsi and macd. A bullish break here would target the $1762 resistance. A bottom is possible here.

Fida4u Updated 

Bullish wedge on gold, we will break out soon in near term.

Fida4u

Despite the recent sell-off in the commodities space due to yields , particularly metals, silver still presents a nice setup. It's safe to assume that the rise in yields caused a shock in the markets due to the pace of its rise, rather then magnitude. Inflation expectations are rising along side yields, leading me to believe that real rates are still in negative...

Fida4u

The red indicator on the bottom of the chart is the gold/silver coefficient. Every time it dips below 0, gold has made a temporary bottom and rallied. In my opinion a temporary bottom is most likely in.

Fida4u Updated 

The silver prices continue to oscillate between 2 very important levels (26-27.7) that are highlighted in blue on my chart.These levels happen to be the upper range of my bull flag that is currently situated in a rising chanel. A break upwards past the 27.3 level would thrust silver past the 27.7 level into a vacuum towards the upper limits of the upwards channel,...

Fida4u

Treasure notes have been in a downward trajectory since August. As many of you know , treasury notes and yields have an inverse relationship. What we are setting up for here is a bounce in treasury notes (a drop in yields). Many commodities including precious metals have been consolidating since August which is no coincidence, treasury yields have been rising...

Fida4u

XLE looks poised to continue its uptrend and make a new regional high. It's currently being supported by higher crude prices and a dollar which looks to be losing footing on its previous bounce. I personally think that production cuts will eventually cause supply shocks when demand will pick up. It will take sometime for the oil markets to reach equilibrium, ...

Fida4u

Silver has reentered its consolidating pattern after a false breakout. It is currently trading in the upper range of the bull flag ($26-$27). If it breaks below the lower blue line, my target is $22 , where I would look for a low risk entry with a stop loss slightly below the red line. The amount of liquidity being pumped into the market is astronomical ,...

Fida4u

I'm looking for a bounce to $41. I see an oversold rsi, with price action coming into the bottom of a channel, the 200 day MA is heading towards the price to add some additional support. Contingent on the general markets price action, if all else holds, xle heads to 41 and possibly $50 if a breakout ensues.

Fida4u

I've been seeing many posts calling for an end to golds upward trajectory, or at least a much heavier pullback. Although a deeper correction is very possible, there is warrant to believe that golds consolidation is nearing an end. If you look closely, gold has re-entered the bullish triangle's apex region after a false breakout. Its currently sitting in an area...

Fida4u

I suspect silver breaks the upper resistance level sometime next week.

Fida4u

Silver looks to be making the last touches of a bull pennant on the 4hr chart. This structure lies within a larger bull flag on the weekly chart. I suspect the crucial level of $24.90 will be cleared, causing a quick move to $26. Once $26 is cleared, this rocket ship will take off into the 30's in a rapid fashion. Best of luck everyone!

Fida4u

A break above the 50 day MA would set this off.