Inverted head and shoulders action for copper to signal the end of a minor pullback and continuation of uptrend.
Positive angles and tilts in price action suggest uptrend is intact.
$Copper $CUUUSD
Gold is breaking through this rising trendline lower. Weakness in the next couple of days to be expected. But I am a LT bull therefore this could be the last dip before ripping higher. Let's see..
Silver has been consolidating in this triangle formation for quite some time now. Is it looking for a catalyst to change that? With global markets fearing a correction, history shows us that society reverts to the tangible world as a safe haven. According to the LBMA Precious Metal Forecast, top analyst predict that silver will be the strongest performer of the...
momentarily we will probably see a sideways (bearish flag) correction.
I'm thinking that as fast DXY breaks short again, we will see another drop to lower level support around 88,5
just my idea, trade your own plan
good luck!
gold versus silver still in bullish side while Rsi in (weekly and monthly) looks strong and searching for further up , but in last july the pair retraced 38% of last movement (2011-2016) . so if the pair haven't holds above 75's it will continue retrace to 50-55's area before continue its rally
GLTA
Gold exceeded the key high set last September, but has since backed away. Thursday printed a rejection of the high, and Friday confirmed that rejection. Since Gold has climbed in January, we have been losing momentum. This, and the bearish divergence in the Stoch/RSI makes it difficult to initiate a long trade here.
Taking a look at Silver - not shown - we can...
Head shoulders pattern indicating downside potential, but furthermore it would also break a long term resistance level. This would confirm a bear market in the dollar and give a strong rally to gold and silver prices.
Hi traders,
I'm still looking for that bullish reversal in Gold (and Silver). However as explained in this week's video, we might see a push lower first, short term.
Gold continues to slide.
The slide started when Gold failed to close above 1300$ and the bearish momentum accelarated when Gold broke below its uptrend line and the daily MA lines (failed support).
In this week's newsletter I covered Gold and mentioned that although it is weak right now, it is approaching a weekly support zone that you should monitor.
This...
Silver has reached it support level around 14.75 dollar, multi signs from low levels RSI to bounce back up again. Silver had a massive downtrend and it seems to be ready to jump up again. With the coming december rate hike of the FED on december 12 until 13 silver and gold has reached a very low zone, silver punished more badly the gold. Silver has more potential...
