JUICY gold price targets for December. Gold UPDATE..
JUICY DECEMBER PRICE TARGETS AS A RESULT OF FRACTAL SERIES INVERSE HEAD AND SHOULDER PATTERNS
Silverforecast
GOLD Trade SetupXAUUSD, GOLD long increased 6k by last week. long% increase 1% while short% decreased 1%. professionals open long in small number while closed short in large number. $index no change in short and long in this week.
SILVER - BUYSilver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :)
Key things to note before analysis:
- Top countries producing silver are Mexico, China, Peru, Russia, Australia, etc. Take into account their relationships with US, tariffs, their currencies vs USD. AUD/USD for instance, started to rebound already and has a huge way up to go. USD even if strong (as always) may strengthen a bit more, but has to go for correction anytime very soon.
- Commodity market, for ex. Gold have shown reversal. Now Gold is a "Buy on dips" for majority and by far not many want to trade against its Bullish trend.
- Assuming the average production price globally is $11.74 price still can go down, despite already some smaller producers are selling for a cheaper price (as their production cost is around $15). That is ok(ish) because the demand has lowered during last 2 years. But, India (which is major buyer) has increased its demand this year.
- Demand will keep rising for Silver, but producers will definitely not want to increase production. For example Jewelry demand has already risen. "Why would I buy expensive gold jewelry during these crisis times. I want to save. Also silver is useful for health, it kills one-cell bacteria..." ;)
- If commodity currencies rise, commodities prices will rise. Duh?!
Ok, now the chart:
Please pay attention to corrections, how they are broken and movements inside the channels. I have marked with red arrows price action which is less likely to happen and blue arrows show most likely to happen. So, I am expecting the price to test $16 latest by Feb 2019 and reach around $20.30 by April. The buy zone is reached for me and will SL at around key levels. If $13.58 is broken, I will look to start adding more at around $12 So this is a longer term trade. Please comment, share and like.
free fall may start soonHaving a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -15.050(buying pressure)
Sell Stops- 14.450(selling pressure)
Our Active position
ASSET--Silver
Sell Limit Price: 14.700
Take Profit: 14.000
Stop Loss: 15.300
Silver Analysis Welcome Back!
Today I wanted to take a look at silver to find the next area of accumulation.
Taking a look at the monthly, silver has been retracing for the last 5 years and it doesnt look like its quite done yet.
Prices recently broke out of a descending traingle, indicating further bearish continuation.
However, 3 waves are often short lived so the best thing to do is buy support.(Genius I know)
My buy zone is going to be the $8-$10
God Bless,
SILVER TO GO LONG OVER THE YEARS!No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline.
This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where to get out, you decide for yourself, but if you want my suggestion on where to consider an exit then feel free to ask.
Wait to bottom out and buy in at trend reversal to the bull side at below suggestions;
1st/top yellow line sitting at 13.723
2nd/bottom yellow line sitting at 9.683
DISCLAIMER!
I suggest working on the monthly view (1M) timeframe, using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).
Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, thanks.
Silver looking goodSilver has been moving sideways for a while now. I expect to see it breaking out from the triangle that I shown on the chart. Short term resistance level is at $20 range. Its biggest resistance is at $50 which is its ATH.
I will keep my eye on this trade since I expect silver to rise significantly.
This is not a trading advice and I am not responsible for any losses may occur from following this idea.DYOR.
Silver to break out?Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
Why Silver Will Outperform Gold 400%
The major monetary metal in history is silver, not gold
For most of mankind throughout most of history, silver has been the much more important monetary metal, familiar as the metal of daily commerce. Gold was used only for very, very large payments, which most people make only rarely, if ever.
Both silver and gold are monetary metals, i.e., they both benefit from monetary demand. (Monetary demand is also called “investment” demand. It is demand for silver as silver, and as an ingredient making something.) Most analysts miss silver’s monetary demand because they focus on silver’s use in industry. Certainly, since silver was politically demonetized beginning in the mid 1870s a vast amount of purely monetary demand disappeared. Today, most silver is used in fabrication, roughly split three ways among silverware and jewellery, photographic, and other industrial uses. But when confidence in central bank issued fiat money begins to fade, when fear strikes investors’ hearts, they run not only to gold, but also to silver. Especially in America.
we are ready are you?At the time of writing this article/idea our full net short position in gold and silver is well justified from the measurement of risk and reward,last friday session was exciting enough to let our boredom breaks as precious metals sector was almost dead for past couple of days but as expected volatility wasn't big as many investors wanted it to be but really the dam has been cracked and we are seeing several signs pointing out for upcoming breakdown,, so let's quickly jump right to our gold
The yellow metal declined not sharply as we expected but it did closed the week below our rising support line,thing to note is volume was quite significant at least better than tuesday and wednesday when the breakdown happened which is one confirmation of our bearish view,that means our previous thoughts on yellow metal is still up-to date-
GOLD Target-In the case of gold we can’t figure out the self similar pattern, we think that current declining in gold will be similar to the previous short term-declines,based on the apex reversal technique gold is likely to bottom next week below 1280,this is our short term target area,however we have other targets too not based on apex reversal or rising support line but on the nov 2017 low,based on that gold is likely to go down to 1240–1250 target zone,both target areas are valid even more as they are supported by fib retracement levels and on the rally of entire nov2016-jan2018 rally
overall multiple signals are pointing out to much lower prices in gold , silver and mining stocks as we are seeing that movement has been started to build but it’s just a beginning big decline is just around the corner,it seems very likely that next 5–8 trading days will be highly volatile
Based on the comparison to the previous declines,the two mentioned targets could be seen under the date of 15th april
we are ready for the silver slide are you?-we saw the visible breakdown below our rising support line on friday and then white metal slides more to its previous lows,we encountered the same situation back in late dec 2017 where we witnessed a small breakdown below the support line but that precedes a big daily decline to the previous lows,overall we support our previous thoughts on white metal-,similar pattern in white metal is ongoing for now,triangle apex showing generating more sell signal for white metal so we could seen a decline very shortly in silver prices,so now let’s figure out how much silver can slide in near term? Based on our analysis silver is likely to slide to 15.200–15.700 before this month ends,that could be a very volatile movement
There are some more valid reasons which are giving us this target area and that’s the comparison of previous decline,if the same pattern will be continue we can expect the movement of decline to be same to the size of decline by which the whole pattern has been startedhttps://www.tradingview.com/x/QDALHLaW/
Gold stocks reached new 2018 low-many investors thought that friday was not the exciting session as they were expected and we agree but are they missing something? for sure on friday session breakdown below the 2018 low has been confirmed,we already saw one more close below our previous so in total we have seen second close this time,to confirm the breakdown we prefer atleast 3-4 breakdown below the significant level as this was the weekly close it is something valuable,so the implication is clearly bearish
In our previous article we mentioned that gold miners could still move higher but the likelihood of under performing during upswing is somewhat greater,hence the HUI index managed to move up to 174 and then decline again,thing to note is during the upswing HUI index unable to close above 2017 low,this point is validating our bearish view even more
our positions-gold entry-1330 ,stop loss-1386 1st t.p-1280
our position-silver entry-16.700 stop loss-17.440 T.p-14.630
SILVER BREAK OUT Silver is getting ready to break out of the pattern. I am bullish on COMMODITIES GOLD,SILVER etc. with all these QE and crazy money supply inflation would be inevitable to occur in next few years. Liquidity will be taken out from the market with int.rates and we are entering in the late phase of the economic cycle. Expecting to see huge rally in the price of Gold, Silver as safe heavens. USD weakening, JPY strengthens will see what will be the bride future. Good Luck.
ICHIMOKU & RSI - CAPTURING SHORT TERM TRENDS $DSLVTHE ICHIMOKU PROJECTS STRONG LEVELS OF SUPPORT AND RESISTANCE THAT ALLOWS US TO GAUGE RISK/REWARD. BY USING MULTIPLE TIME-FRAMES TO DETECT THE SHORT-TERM FRACTALS WITHIN THE LONGER MORE PREVAILING TREND YOU CONFIRM A TREND BY DEFINING IT (LOWER LOWS AND LOWER HIGHS & VICE VERSA).
THE RSI GAUGES THE TIPPING POINTS OF MOMENTUM, LIKE IF A PENDULUM'S SPEED WAS GAUGED (TIPPING POINT IS A SPEED OF 0).
$DSLV
SILVER LONGSilver built a perfect cup and handle in the past month and now it's primed to go up.
Gold has been the leading metal as usual and watching most USD pairs you can see they as well broke out from old resistances.
The weekly resistance for silver, which i'll show in the updates, should break once the cup and handle plays out. This will send us to 21-25 $/oz.
Dollar is losing it's value and the long price suppression of silver might be near it's end. GL
SILVER - 800% profit in 7 yearsSilver is already under an undervalued asset but we can expect even further price drop due to its manipulation which will happen in 2019. The diagonal support (yellow) was already broken twice and there will be a drop to $10-11 levels. When it will touch psychological barrier of $10 we can expect rapid growth (following green curve) which will cause price increase by around 800% until the end of 2025.
Disclaimer
I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
Purchasing wave to be expectedResistance levels: 17,23 + 17,67 + 17,91
Support levels: : 16,96 + 16,60 + 16,26
Retrospective view :
Since the beginning of July, silver has been in a further upward trend, which started just below the USD 14.50 mark and initially pushed the value above the USD 17.91. Silver began a strong correction in September, which found support at 16.26 USD. Starting from this support area, silver moved up again in October and overcame the barrier at USD 17.23 for a short time. This increase is currently being corrected in the form of a bullish flag.
Technical outlook:
The bulls are still struggling for support at 16.96 USD. But even falling below the mark would only affect silver for a short time. Starting from USD 16.60, the flag formation could be resolved and thus pave the way for an outbrea over USD 17.23. If the barrier is overcome, the precious metal is likely to climb to USD 17.67 and above, rising to the resistance level at USD 17.97. Above this, gains of up to USD 18.50 can be expected.
Only a sustained break of the USD 16.60 level would have a negative impact and result in a correction to USD 16.26. However, the upward trend of recent weeks could continue there.
SILVER - Buy OpportunityIt is the last wave of elliot wave pattern. I expect, sharp fall will happen.
Target 17.800
XAGUSD-Silver Medium TermMy previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top is needed for confirmation of the bearish trend.
Strategy: Short on a bounce around 17.03-22 for a target to 15.87, tight stop above 17.41
Silver (Spot-metals XAG/USD)I am looking to short around 17.30-50 for a target to 16.81, Stop above 17.85
Silver Trend ChangeAs always guys trade with your own mind, if have any question feel free to leave a comment.
TVC:SILVER
Silver Ready For Bounce BackSilver on the daily time frame is now at the lower range and looks ready for a bounce back up.
As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend.
How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400.
Trading advice: Buy The Dips
SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase
TP: 17.800-18.400
Silver Sentiment Back To Sub 17When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower
range of the bigger channel.
Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level.
The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back.
Entry: 17.100-17.300 area.
Tp: 16.700 > 16.300 > 15.800
Sl: 17.700
Silver turning bullishSilver on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line).
This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry.
How to trade:
Since there are multiple resistance levels and it's now approaching the 1st one I advice to start with a small buy position so that you have the space to add more if it might go 16.281. A break of 17.200 is also a nice entry for another buy positions. Take profit would be in the 18.000-18.500 region. A stop-loss at 15.400 is preferable.
