Bullish divergence is huge on this one, on every new low silver makes on the 4 hour timeframe. Grexit fears should also give gold and silver a push upwards. Entry: 15.956 S/L: 15.665 (Stops will not be hit instantly, until the price closed below 15.665 for at least 2 candles to avoid stop hunters) T/P: 17.29
If you like gold's trajectory/bullish in gold, the cheaper metal is the one to get. Silver on its own trades directionless, except that it is tracking the movement of gold. Similarly this can be seen in other markets such as Bitcoin, when considering BTC vs LTC. Except that its in a more extreme manner than the other. Since the last major bubble that peaked...
Looks to keep grinding up, at least for another 6 months in this rising wedge. You can't trade between silver and gold, but its certainly worth taking a look at the key support/resistance. On the break of this rising wedge, I might consider trading some of my physical gold bullion I've collected over the years for silver.
Close to the trend line, with a confirmed reversal along with RSI breakout. Stops are placed slightly below the previous candle.
Target from 27 OCT 2014 defined as target-extreme at 79.81 was finally hit with a significant doji. A decline from this level suggest a probable rallying in $XAG pricing relative to $XAU. LOOKING AT IT FROM THE $XAUUSD PERSPECTIVE: In this following $XAU 4-hour chart, price did reach the predictive extreme bearish target, and managed to carve structural lows....
PATTERN PROFILE: Bill Wolfe's Wolfe Waves Pattern - Completed Target = 1-4 Line ("Take-Profit" Line) Trigger = 2-4 Line R/S action/reaction SL = 1232.55 PREDICTIVE/FORECASTING MODEL: - Future R/S Levels: 1177.42 and 1165.85 - High-Prob Reversal: TG-1 = 1153.76 - 11 DEC 2014 INVALIDATION: BACA > 1232.55 ------------------------- Note: Recent analysis...
Traders, ELLIOTT WAVE COUNT: A L/T look at $XAG suggest a protracted bearish correction in the shape of an Elliott Wave Leading Diagonal, based on: 1 - A deep correction from a 49.780 high reached on April 25th, 2011. and 2 - Internal alternations of 5-3-5-3-5 waves, identifying the overall pattern as an EW's Leading Diagonal. PREDICTIVE/FORECASTING...
Thoughts about this? Ever since June, Bitcoin have been in an almost perfect sync with Gold's movement. I don't see such a relationship for the past 3 years of Bitcoin's history, could it be due to the strong Dollar or Bitcoin is currently being controlled by the same algorithms of some institutions?
To me this looks like BTC was leading the recent breakout; Gold and Silver following roughly a day later. Have to check if this happened in the past, but this could make BTC a 'market maker' of some sort, or at least an indicator - since arguably BTC traders might be more flexible and quicker to adapt.
2 setups in play for the next 6 months.
Bull flag from the recent run up... Let's see... Long on the physical stuff, charting the forex.
Traders, A quick target-hit announcement: Target defined last April 15th was hit - See analysis here: System continues to see further downside. Floor is not open to 18.185 ... And below as well. Cheers, David Alcindor Predictive Analysis & Forecasting TradingView.com --------------------------------- Get my signals, predictive analyses and forecasts on...