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J-XAG

Silver double bottom nearing a confirmation breakoutXAG is looking solid. I've been accumulating the SLV ETF as well as FSM, SVM, and PASS since December. The weekly candle for December 13th was the proof in the pudding for me. Seller exhaustion on both the MACD and RSI with confirmed classic bearish divergence. Now XAG is approaching a confirmation of that double bottom. If XAG breaks the $26 neckline to confirm the double bottom, we'll probably see a $30 price a few weeks later. The way I see it, any pullback would be a gift if you're not allocated to SLV or silver miners. If Gold continues to push precious metals higher, I think silver will outperform gold by 50-100% during the next 6-18 months. And I still think we'll see a $2,700 Gold price within 2 years (by the end of 2024). So, that could mean a $50-$100 silver target. We'll see the closer we get there. Precious metals and miners are looking primed for a solid run the next couple years.
OANDA:XAGUSDLong
by MediumOfEscape
1
104 months of LTCBTC price actionAs time goes on and Bolinger Bands of this chart get tighter over time, a possible significant price movement is expected, following news related to Litecoin adoption. Many times before in the history of Litecoin we did witness explosive price surges following the news (i.e. fake Walmart announcement). Currently, in the areas of ALL TIME LOWS, Litecoin presents some lucrative opportunities for patient SPOT BTC traders who follow capital management. Leverage trading at this point is rather not recommended. Incoming volatility and possibly large incoming volume might result in long shadow wicks on lower time frames.
Long
by crypto_poet
Gold - Fundamental and technical factors stay in gold's favorUpcoming rate hikes, inflation and geopolitical tensions in regards to the situation in Ukraine keep positively impacting the price of gold. Yesterday XAUUSD peaked at 1914.32 USD, just slightly below the important resistance level at 1916.615 USD. We continue to be bullish on gold and we will watch whether it will manage to break above the resistance. Our short-term price target of 1925 USD and medium-term price target of 1950 USD stay in place. Illustration 1.01 Picture above shows the daily chart of USOIL's RSI. It is observable that RSI stayed overbought for approximately a month. We expect a similar phenomenon to occur in gold. Technical analysis - daily time frame RSI reached an overbought condition which normally precedes correction in price. However, due to very bearish conditions in the general stock market we think RSI is likely to exhibit overbought condition for a while longer (similarly like in USOIL). This would imply a very strong bullish trend. MACD and Stochastic are bullish. DM+ and DM- are also bullish. ADX increases which suggests that the bullish trend is gaining momentum. Overall, the daily time frame shows first warning signs of overbought condition in the short-term. However, it still remains very bullish. Illustration 1.02 Picture above shows the daily chart of gold's RSI. At the moment, it shows overbought condition. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bullish. Same applies to DM+ and DM-. ADX exhibits growth which signals the bullish trend is gaining strength. Overall, the weekly time frame is very bullish. Support and resistance Short-term resistance is at 1916.615 USD. Resistance 1 lies at 1965.572 USD and the major resistance level can be found at 2075.282 USD. Short-term support is at 1877.14 USD and Support 1 at 1834.195 USD. Support 2 sits at 1750.74 USD. Major support level can be found at 1676.866 USD Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
15