Short

Silver 30M Triangle - Asia/Oceania Tues 3 Sept. 24

Updated

https://www.tradingview.com/x/hEiLnZ2D/

I saw this triangle develop of the 30m chart for Silver.

Price appears to be breaking down from Triangle.

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Price breaking down out of a 1 minute triangle

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Price below key EMA's

Trade active

Short:
Hourly trend-line has been broken under price

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Daily Chart:
Price sits well below key moving averages on Daily > 1%

Trade active

Continued weakness in the Gold-price

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* Trading is Risky. These are purely my own ideas which you are welcome to incorporate into your own trading. Please don't rely solely on my investment advice or trade setups. Not to be constituted as investment advice in a strict sense.

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The Gold-price has got a 5m & 10m bearish Head 'n' Shoulders

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But there is also a Bullish H&S'a but the neckline is right up there at 2508.

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If price breaks down at this Double bottom... I think there could be a considerable sell-off.

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Here is my triangle on the 30m chart.
I see the long-wick candles that formed early Monday New York time.
Price close to breaking to the downside of the triangle.

Trade active

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Short: Stop @ 2501.30

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TP: 2492 - 2494 zone

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Hourly Chart for Gold:

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Price action very slow during New Zealand the past 2 hours. Australia session commenced 20 minutes ago.

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Weakness under 28.50 for Silver

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28.4960

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Silver

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In the end I got them to chase after my tp right down at 28.32

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I placed a stop-loss for the buy-orders under the low price we just had. Silver has shot back up. Gold is struggling a bit. If you bought back in make sure you put a sl under the swing low down there.

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Gold stopped me out. I took quick profit on the silver. The system could move lower. Im taking a good break now. later.

Easy_Explosive_Trading

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