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Preciousmetals

Is Silver Breaking Down?In my opinion, we are experiencing one final shakeout of silver holders before the next big leg up. I'm still looking at this as a great place to add to my position and for new buyers to establish initial positions. Notice we are right at support (~$25.65) and I don't expect us to close below this level today. However, if we do close below, then all bets are off! Everything shared here is only my opinion and no results are guaranteed. Good luck! TVC:SILVER
TVC:SILVERLong
by jstrasburger
Swing Trade: Barrick Gold Corp.(GOLD) breakout setup 📈Hi fellows, just one of my today swingtrades: Nice setup for breakout . ------------------------Trade setup --------------------------- Entry: 24,80 Stop Loss: 23,83 Profit target: 27.73 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NYSE:GOLDLong
by Tomasgei
4
PAAS Consolidation Wave: Can the Upward Channel be Reclaimed? $PAAS was on fire until mid-October. It has since that point been sideways trading, albeit with a slightly downward channel to the consolidation wave. That is somewhat ominous, but it is equally as difficult to guess if $PAAS can (FULLY) reclaim the momentum it had earlier this calendar year. While this trader has taken on a position on the notion that it does happen, saying how long this might take in terms of a wait, is a total crapshoot. Of course, being wrong with timing is missing the entire boat: So this idea will be revisited as this position is held to keep consistent with the future path of Pan American Silver ($PAAS). The harmonics are both promising us and warning us, at once--and really how this C-Wave breaks is no better than a 50-50 guess. Honestly seems appropriate rather than force the notion that some kind of read on this chart is there, that is not. That said, cup and handles lead to breakouts 65-75 percent of the time, so if this COULD be categorized as that - that is a bullish indicator, of sorts. There is not much of a cup, but there certainly *Is* a handle. Yeah, that just sounds confusing doesn't it? The breakout could be substantial, while the reason this is a decent play is that the risk is already mostly assumed by entering at this nadir. Anything can happen, but there is enough strength in this stock to believe the bottom won't fall out any time real soon. GL if you need it; if not - GO THRIVE ANYWAY! -BDR
PLong
by BDRTrigger33
1
Silver - Don't rush into 2021 with precious metals!!FINALLY - Are you ready to conquer 2021? I want to start this post by saying 2020 was indeed a very difficult year for many including myself the changes were and are very difficult but there were a lot of trade opportunities and this will carry onto 2021. I have posted on our YouTube channel 2021 Yr outlook - If you're interested message or comment down below - A Link will be sent to you. Overall outlook for precious metals. There will be a pull back due on most of G10 FX Pairs, commodities & Precious metals . 2021 - Overall outlook 30-4O price for silver longer term view. Yes, I am bullish. Silver Daily: Key support areas: 1. 24.60 2. 23.30 3. 22.40 Key Resistance areas: 1. 26.70 2. 27.80 3. 28.50 2021 - There will be many exciting changes that will be implemented to Trade Journal. Private Trade Ideas will be now posted, uploading videos on our YouTube account and many more exciting steams on various social media platforms - Stay tuned! We are bringing you more content to boost your trades to the next level. If you'd like to grant access to all these updates, which are FREE - message us, comment down below, give us a like and we will be sure to contact you as soon possible!! Key Tip - follow your trade plan, execute wisely and don't get emotionally embedded into any trades you take ever. Lastly, I do want to wish you - Happy New Year! It's time for us all to have an exciting and very prosperous year ahead of trading! Best wishes, Trade Journal (TJ) Remember: Just trade idea, not a recommendation.
OANDA:XAGUSD
by Trade_Journal
8
SAND: Divergence->Left Turn at 50%?Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend -look at previous divergences when macd+rsi travel in the opposite direction -flat lows, then reversal when macd+rsi diverge - GAP filled above 50% retrace of march lows and beginning of bull run. -~3 bounces around 50% retrace -no more gaps to fill from rapid accent in Spring 2020 -one gap to fill Also, where should i place fib and gaps: on the wick or candle? Also, divergence around the top... a bit of a stretch?
NYSE:SAND
by Uglybob
$PAAS Establishing Upward Trade Channel Despite Sputters $PAAS seems to be re-establishing its upward momentum despite resistance from the overall market. This trader has placed a long call on PAAS, as well as doubled down on the stock position during today's slight dip. Both could be 2+ week holds waiting for this trend to firm up and shake out some investors on the inevitable dips. We do seem to see the establishment of a new trade channel. Relative highs at 39/s are a long term target for the bounceback during this time. GL, etc -BDR
PLong
by BDRTrigger33
Silver Priced in Dollars Devalued by M1If you were to devalue the US Dollar in real time as M1 money supply increases, it would price in inflation immediately. M1 money supply is the amount of liquid available currency within the federal reserve system. Compare this chart to the current Silver chart and it will give you a glimpse into the future for Silver. To quantify this into a Silver price, take your % measuring tool, put the starting point where the previous all time high was in 2011, and put the ending point at where the price is on this chart - about 80%. Take that percentage and apply it from the 2011 all-time high on the Silver chart today, and it should give you about $90 per oz of silver.
COMEX:SI1!
by micahjmiller
1