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Silver

The ART of sitting ON YOUR HANDSI was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ; I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The truth is however that nobody knows. As Ray Dalio says, "He who lives by the crystal ball will eat shattered glass" The next few weeks will provide a challenge for market timers and speculators. I expect plenty of whipsaw and broken hearts before a trend is established (bullish or bearish). I am waiting for a break of 29.83 to become a Bull and enter Long I am waiting for a break of 26.67 to become a Bear (a big one) and enter Short I strongly recommend waiting for a daily close over these levels before getting to comfortable unless you are prepared to keep a tight stop and run for the hills if either of these breaks turn out to be a trap. Until then this range (in between the two levels will provide plenty of juicy scalping opportunities for cowboys like myself. I am using the .382 Fib level 28.10 (derived from the Oct 23 Low to the High in May 24) as my guiding light and BABB (Bullish above Bearish below) in the interim with TPs at my key break levels. They will be formidable resistance/support zones until broken and proven otherwise. Happy trading!
COMEX:SI1!
by TheSilverOracle
SPY/QQQ Plan Your Trade For 9-13 : Rally DayPlease take a minute to watch this video, and possibly some of my earlier videos from this week, as we continue to see the SPY, QQQ, and Bitcoin continue to move through an Excess Phase Peak pattern. It is very important for traders to understand the eventual A/B outcome of the Excess Phase Peak pattern. For the SPY/QQQ, we are still flagging into what is very likely to be a rolling top pattern - setting up a broad downward price trend in the near future. The only thing that can stop that rollover top is a rally to new ATHs (which can happen to invalidate the Excess Phase Peak pattern). Because of these pattern setups, it is important to see were the SPY ends this current rally phase and if the SPY can rally above the recent ATH levels or not. Gold is moving into a temporary topping pattern above $2600. I would think the 2613 level would be the ideal topping level for Gold - but I would expect Gold to struggle to move up to the 2613 level at this point. Bitcoin is showing an inverted Excess Phase Peak pattern. I go into detail about this pattern and what we need to look for over the next few weeks. Ultimately, I believe the markets are moving into a transitional price rollover ahead of the election. Plan, prepare, and Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
Silver Analysis. H4 12.09.2024Silver Analysis. H4 12.09.2024 An interesting situation is fprming in silver. I haven't reviewed it for a while, but a cool pattern is forming now. The price is forming an exit to the upper boundary of the range and fixing near the margin. On the way we made accumulation and buyers' zone 28.50-28.85 in case of correction to which we can buy with targets to renew the highs. The main volumes remained at the bottom and will be a support for the price.
CAPITALCOM:SILVERLong
by KovachTrader
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold moves above these levels. I warned not to hold positions above $2585-2593. In fact, I'm expecting a bit of a metals flash-crash event to take place near mid-October. But, today is a winner day for gold traders. A HUGE WINNER day. I'm so happy to hear from all of you about your success with my Plan Your Trade videos. This is what it is all about - help you become a more skilled trader. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
SILVER - Macro and Micro Outlook for 2024/2025I think we are seeing a new run in Silver about to happen on higher timeframes to be honest and I intend to be long on this when the opportunities arise. We should see next level up at $35. It has been chilling sideways for the better part of about 3.5 years I think? What a good consolidation period honestly. Intraday - Im liking the PA we got so far in Aug/Sept and I think we can find some bullishness into Q4 and ride that. If it turns it turns, dont hang onto a dead trade obviously but the odds are in favor of upside INVALIDATION -Breakdown below anything significant will be my invalidation and we will shelf this for another decade lmao
OANDA:XAGUSDLong
by Sykeee
XAUUSD possible breakout soonXAUUSD is currently trending upward, making higher highs as it approaches the top of its established range. This resistance zone is crucial; a breakout above it could pave the way for higher levels, potentially up to 2550. With the CPI news release expected today, there's a possibility that the price may bounce off this range top and continue sideways in the short term. However, the price action at this key level could also signal an impending breakout to the upside, especially if the news is favourable. A breakout would suggest a shift in bullish momentum, while a rejection would likely confirm continued range-bound trading. The target is resistance at 2540
FOREXCOM:XAUUSDLong
by RTED_Investing
SPY/QQQ Plan Your Trade For 9-12 : BreakAway PatternMuch like yesterday's pattern, today is a Breakaway pattern for the SPY. I believe today's price move will be more muted than yesterday's big rally off the 540 lows. Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this year. But I believe traders will be wrong, and the markets will flatten out this afternoon (after some morning volatility). Ultimately, the Fed is very confident that it will leave rates where they are unless something breaks. And because of that, I believe traders are trying to WISH the Fed into making a move. Because of this dynamic, I believe hedge assets will continue to melt upward and we will move into a fairly consolidated price period between now and the Nov 5 election. Overall, I believe most of today's price action will take place before Noon ET. Buckle up and prepare to take the afternoon off if my research is correct. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
XAGUSD One final Low remaining.Silver (XAGUSD) has been trading within a 2-year Channel Up pattern and since its last Higher High (top) on the week of May 20 2024, it has been declining on the new Bearish Leg. The price already broke below the 1D MA100 (red trend-line) and so far seems to be replicating the Bearish Leg (Channel Down) of May - September 2023. With the 1D RSI sequences between the two fractals also similar, we expect Silver to make one final Low just below the 1W MA50 and above the 0.618 Fibonacci level, before bottoming and rebound. Our Target is 26.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
SILVER Is Going Down! Sell! Take a look at our analysis for SILVER. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.846. The above observations make me that the market will inevitably achieve 28.581 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
Silver H4 | Overlap resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.96 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 29.87 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance. Take profit is at 27.77 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
SPY/QQQ Plan Your Trade For 9-11 : Inside BreakawayToday's pattern suggests the SPY will open within yesterday's price range and attempt to "break away" from yesterday's range. I still believe we are moving into a secondary Excess Phase Peak pattern (flagging higher), which will prompt the SPY to attempt to rally to near 560. Because of this, I'm expecting a continued upward push toward the 558-560 area before it stalls and tops out. I suggest traders prepare for a lot of morning volatility today in early trading, followed by a strong push into higher price trending (upward) as today's BreakAway plays out. Gold and Silver are making a decent move higher - as I suggested. Remember, Gold and Silver will peak out within the next 4~5 days and will likely reach a sudden peak/top after Sept 20th, resulting in a quick, deep-V type collapse. I expect metals to move into that Deep-V base/bottom before October 11~14 (roughly). The US markets and Metals will suddenly flash-crash as we move closer to the US elections. This move will likely be news or event-related. But I feel it is inevitable at this point. Bitcoin will likely follow gold/silver and move into a moderate flash crash mode nearly simultaneously as metals. Get ready. This flash crash trend should be a great opportunity for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
1
GOLD is going to start getting much cheaper in SILVER terms.Gold has been on an absolute tear lately as the de facto U.S. corporate government has been printing and spending FRNs (Federal Reserve Notes) into oblivion. As a result, real money is gaining value against the Federal Reserve's monopoly money. Naturally, those who saw the money devaluation coming have been buying gold to preserve their purchasing power, but silver has been lagging behind, even though it has also been appreciating. Although the price of precious metals is, and will continue to be, on the rise, the price of gold is about to get much cheaper in terms of silver. Instead of buying gold, I believe the best move right now is to buy silver, hold it, and once the exchange rate drops to the 35/45 to 1 area, then exchange your silver for gold. I believe that in the next year to a year and a half, we will see the price of gold cut in half in silver terms, which means it will take half the silver to buy the same amount of gold, effectively doubling the purchasing power of silver versus gold. Good luck!
TVC:GOLDSILVER
by MetaShackle
5
SPY/QQQ Plan Your Trade For Sept 10 : Consolidation CarryoverToday will likely be similar to yesterday - but slightly more consolidated overall. I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly. This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique & Ultimate Fibonacci High price levels. Ultimately, I believe the breakdown potential is higher at this point than the continued rally phase. That is why I'm asking traders to prepare for a top near Sept 20-25 and to move assets into CASH as we melt upward over the next 5+ days. If my research is correct, the second Excess Phase Peak pattern will prompt a breakdown in price - resulting in an attempt to find support above recent (60-90 day) lows. And that will reflect a -9-14% drawdown in price. If I'm wrong and we don't see this breakdown in price, then we'll see price struggle to move higher and eventually break the recent ATH levels. Watch this video to learn how the Excess Phase Peak patterns setup. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NASDAQ:QQQLong
by BradMatheny