I love the nice crossover on the daily stoch. Looks like it is bouncing of the support and potential ABCD and third wave of the elliot. On the 1 and 2 hour we see it broke the ichimoku cloud for further upside. Also showing a horizontal resistance at around 18.5ish. I'm long. Who's with me?
Hi traders: There is a potential sell setup forming on XAGUSD (SILVER), as the daily and weekly chart may indicate a lower high has formed, and we can see some bearish momentum coming in this week. On the 4 hr chart we can see the price action broke out of the rising channel. We can wait for price action to reject the resistance and form a potential Head and...
downtrend broken weekly cloud bullish gold in a similar spot, but much higher upside with AG criminally undervalued grab physical
XAFUSD just broke out of Inverted Head and Shoulders.
Marcon will win in France and FED will not hike rates. My prediction for XAUUSD is downward move.
Demand zone failed today. Now looking for rally up to enter downtrend till 4h demand zone
I have been working on a strategy involving cycles, structure & price. I've had great results with currency pairs & Gold.. Except for when news is released and price manipulation, that's when things don't work.. This is what my strategy is indicating for Silver. I am still in the works of truly understanding if this is more than a theory, so don't bite me if I'm...
Silver is now at the trendline and it could start the downmove after break and consolidation or it could go up for one more upmove to complete the 5-wave diagonal and then go down from the .618 fib. Trade with care.
Today I am looking at a possible short XAGUSD setup on the Daily chart. There was a bearish engulfing pattern on the daily just below a major resistance area. I am looking for a possible retracement back to the area to initiate a trade. My stop-loss would be above the level of 18.65. My first target is the level of 17.70. My secondary target is the level of 17.70....
Today I am looking at a possible short XAGUSD setup on the Daily chart. There was a bearish engulfing pattern on the daily just below a major resistance area. I am looking for a possible retracement back to the area to initiate a trade. My stop-loss would be above the level of 18.65. My first target is the level of 17.70. My secondary target is the level of 17.70....
Hi guys, Today I am looking at a possible short XAGUSD setup on the Daily chart. There was a bearish engulfing pattern on the daily just below a major resistance area. I am looking for a possible retracement back to the 18.30 area to initiate a trade. My stop-loss would be above the level of 18.65. My first target is the level of 17.70. My secondary target is the...
Short term trade, I am looking for the short opportunity around 1284. Looking to take profit at 1268
18.4~$22 range. Watch out for that in the coming days... Gold is nearly its 5 year downtrend line too, with a higher high price made. Could expect $1500~1900 once again once gold breaks $1320
Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA. The RSI is also losing momentum and showing a divergence with price. Weaker than expected NFP could be the catalyst needed here.
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
Nice break out for gold 0.64% , reaching 1233.00. From here I expect Gold 0.64% to pull back to $1214-$1210 I plan to long when the profit taking pull back is finished, in area of $1210 with a target in the monthly pivot of $1237. Sell limit between $1237 - $1240 with a target of $1171. I will update a new Gold 0.64% chart as this trade plan manifest.