This weekly forecast is for Oct 21 - 25th. After closing last week with a strong bullish candle, the week ahead maintains a bullish bias. Be mindful of a short term pullback this week, as price tends to retrace after breaking swing highs. Just remain patient and wait for valid buy setups in this case. Check the comments section below for updates regarding this...
Silver’s dual role in both investment and industry makes it highly sensitive to economic slowdowns but also well-positioned to thrive during periods of strong growth. Silver prices have surged 30% year-to-date, driven by a fourth consecutive year of supply deficit, soaring demand from the expanding photovoltaic (PV) industry, and spillover momentum from gold,...
Price has moved as expected, trading through the failed +FVG to the lower more dependable +FVG. I believe longs will be high probability from here, only when valid signatures by price present themselves.
You see we have a bullish BOS, it formed a +FVG, pulled back to the +FVG and the BOS, found support and rallied towards the highs... forming another +FVG. The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity. If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going higher are...
Would look at any bounce as opportunities to go SHORT around 19.75 Put options on ETF - SLV Broke below moving averages in downtrend MACD Negative HUGE divergence on MACD -BEARISH Rising Rates Slowing Economy - Recession Demand Imploding
see full chart & Follow at www.tradingview.com What's the significance of this? KEY TAKEAWAYS -Gold has long been considered a durable store of value and a hedge against inflation. -Over the long run, however, both stocks and bonds have outperformed the price increase in gold, on average. -Nevertheless, over certain shorter time spans, gold may come out...
Silver could have completed the simple abc zigzag correction to accumulate another bullish momentum. Watch breakout both of the trend line resistance and 50 on RSI.