Still a trend within the Daily model for a potential up swing again.
The recent changes in Silver and it's new support levels. We'll see simple support & resistance at the indicated arrows. Breakouts or Pullbacks will be based on Market Strength and Vaccine News! Gold may lead changes followed by Silver and Miner stocks. Upside breakout will by at marked support prices. See daily trends for the projections for dates/options...
Day trend in pricing still show strength. Days trades still show some support and resistance levels are valid. We'll see more squeeze/consolidation before breakouts. Pullback will be expected short term. Watch Gold/Silver ratio for more buy/sell signals! GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL Gold-Silver Ratio Uptrend ...
Nice confirmations 1hr & Daily trends on SLV for Support/Resistance levels. Renko trends show $150 by EOY BUY the pull backs, average in on holdings thru 2021
These pullbacks are forming a nice trend to add to GLD positions at discounts. Renko Trends show clear strength toward $300 by EOY. Similar trends in SLV SILVER BUY
Which trend can you follow "Daily" Price sometimes moves independently from 'time'. Look at trends and mark those in "Renko" bricks. Then use your candle charts to trade interday moves knowing the TREND! Watch the Gold/Silver ratio TRADING GUIDE use DAILY trends to plan buy/sell orders... GOLD-SILVER RATIO TREND GOLD AND SILVER...
SLV Silver always seems log lag Gold moves (After Berkshire moves 20.9M shares in GOLD). Strong buy moves and trends show Henkin bars now above Kumo on the Ichimoku Cloud. Long positions will see strength and small 5-10% pullbacks over time. I see a target for Spot Silver above $30 for September. $50 for end of 2020 and $70 for 2021.
No moves until new or Markets post big declines. Good Tranes for selling IC's or Credit Spreadts -Sell Put Spreadfs at dips and sell call spreads on peaks Watch for BIG moves up with any bad news or down market days. No rush to get in till after 9am market moves settle. If you have access try futures on /SILU0 and /MGCZ0 as good buys at bottoms. Hedge with...
XAGUSD SLV Still a great time to add and average... Long and slow growth will have short swift climbs then long slow sideways consolidations. $30 by Oct. 2020 $45 2021 $90 2022 $200 2024
Buy this DIP This will move down again perhaps tomorrow. Then See Silver above $30 and Gold above $2075 GLD SLV XAUUSD XAGUSD This will see big moves up on any news or moves down in SPX/SPY This is the only pull back short term. Expect more frequent pull backs as we see trend of Gold over $2500-3000+ Add to your existing positions while you caN.
Upper Green line is the Upper Renko Price Trend Red line is the lower Renko Price Channel Yellow line is the Daily Renko Price Trend Candles are the Actual Price/30m window. Where will daily candles move to meet average price and trends for daily? As you can see all the trends are up and the XAGUSD Silver target is $35 or $36 Silver will break trend and...
Buy any dips as the trends will continue. XAUUSD XAGUSD _WATCH_ A big move in SPY/SPX on news of a SARS-CoVid2 vaccine will cause a 2-3 week pull back in Gold & Silver. Buy that dip! Then I see Silver above $30 for end of 2020 and Gold above $3K for 2021 Call you SHOTS or your system won't work ...
Renko's blocks remove "Time" from all 'Price' movements... See Silvers prices "not" move without the time variable as you go backwards? See all the recent XAGUSD moves now? What would you say? What would you do now? Me? I bought 4000oz physical silver in 2019 in a "local" secure storage I bought SLV GLD AGQ SIVR OUNZ SGOL IAU PHYS PSLV MTA JDST KGC BTG AUY GAU...
Follow the plan: Today the Ration id DOWNTREND and Prices are UP. So buy Silver (see below). No Options trades as BB width is "narrow"... so sit and hold. Use 1 or 4hr and Daily Charts for true trends. GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold Gold-Silver...
Understand Renko's? These only show PRICE moves...not over time. Trend is clear. I'll add a correlation and projected trendline.