It turned out to be better than expected. Now we are riding the same S&R but this time on different levels. All my past swing lines predictions are kept in the chart, you can see how the real market moved since.
I now expect the price to stay in a range for the time being.
I managed to port my old channel indicator, this is my personal indicator since 2009 for swing trading, channel spotting and to get the best entry levels possible.
I see the lower channel levels coinciding with the 1307 level from my S&R analysis, that's where my buy limit order is placed at, and waiting.
Again, same fundamentals supporting my bullish sentiment.
I'll keep you posted.
Cheers!
I now expect the price to stay in a range for the time being.
I managed to port my old channel indicator, this is my personal indicator since 2009 for swing trading, channel spotting and to get the best entry levels possible.
I see the lower channel levels coinciding with the 1307 level from my S&R analysis, that's where my buy limit order is placed at, and waiting.
Again, same fundamentals supporting my bullish sentiment.
I'll keep you posted.
Cheers!
Note
Again, better than expected. We might see a correction, but I'm pretty confident that we are no longer visiting 1200 numbers again. Nevertheless, I'll keep my risk calculus based on the worst case scenario of 1100, 1087 (2017's average production cost).This was a nice 100 usd price surge in record time. Petroyuan, T-Bonds, Inflation might be making the market move better than expected.
Note
Bought 50 ounces of silver at 17.37, gold is climbing, silver will follow.Cryptos are sinking.
Bonds about to turn and head further south.
Dollar still under high pressure, that might mean sells in cryptos might be turning to metals, maybe?
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.
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.