Silver / U.S. DollarUpdated Why silver needs to break 29.80 today Wednesday 21st August
https://www.tradingview.com/x/P9ItkEY4/
The Gold price has recovered well today. See my analysis on Gold on my other thread.
I need to see Silver continue to rally above 29.80 and take out the right shoulders on bearish H & S's patterns on the 5m, 15m, 30m and 60 minutes charts.
I do see bullishness for Silver as the Gold price recently showed strength thanks to a bullish H & S's on the 1m, 2m and 3m.
Cheers,
Chris
* Please don't rely solely on my investment advice. Learn as much as you can.
The Gold price has recovered well today. See my analysis on Gold on my other thread.
I need to see Silver continue to rally above 29.80 and take out the right shoulders on bearish H & S's patterns on the 5m, 15m, 30m and 60 minutes charts.
I do see bullishness for Silver as the Gold price recently showed strength thanks to a bullish H & S's on the 1m, 2m and 3m.
Cheers,
Chris
* Please don't rely solely on my investment advice. Learn as much as you can.
Trade active
See my post yesterday on Silver. There is also Stochastic Daily Negative Divergence on XAGUSD.
I am very long silver... I need to see it really push upwards and catch up to the gold price.. just say'n'.
Trade active
Long Silver:
There were some bearish H&S's on multiple timeframes earlier. We still need to take out 29.80 to get rid of the right shoulder on the 1hr.
Trade closed manually
I sold out a bit soon from silver today, I was worried about bearish Heads n Shoulders scattered on all the timeframes.... but it rallied strongly.
Just be aware the USDX $ has turned around bullish for the next little while.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.