Is Gold about to complete its second arc?Looks like gold is about to turn direction and follow the arc higher towards its previous all time high within the next couple of months.
SLV
#Silver testing the 2008 High!With regard to all this money printing that occurs and continues abound
I equate this price to picking silver
like it was priced around 5 dollars
good time to pick up some silver eagles (if u can find them)
First Majestic: Turnaround soon? 😢😢😢It has not been a particularly good year for the First Majestic stock. However, we expect a turnaround just above the support line at $12.56. If the bulls can turn the course around there, big-time upward movements await us. If the price falls below the support line, we will see one-digit prices.
Happy trading!
Vox Royalty trading higherVox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting.
In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯
Last week ended well for Vox Royalty Corp as they broke out of an accumulation range clearing resistance at the C$3.00 price level. Since the fateful date of June 16th which saw the US dollar rise and GDX collapse further, Vox’s stock has risen with dips to C$2.50 being bought up. This rising chart pattern of higher swing highs and higher swing lows bodes well for the company as the volume point of control for 2021 and VWAP are now offering a good base for support. For the longs who bought into the stock in January and March, they are being rewarded for their patience and they can take comfort that speculators who shorted the 2021 highs will now be covering, or risk being stopped out. These actions will likely accelerate, as investors welcome a return towards the initial offering price which could then lead to a test of the year's highs.
Silver on the brinkXAG Silver has crossed my breakdown trigger fib fan line and rebounded sharply. I'm going to be watching to see if it closes above the breakout line with a downside fake-out, or if it will close below that breakdown line.
Long | SLV | SWING TradeAMEX:SLV
Possible Scenario: LONG
Evidence: Price Action, Inverted hammer candlestick, money-flow
TP1: 22.5$
TP1: 23$
when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ
Call options 17th Sep, Strike 24$
*This is my idea and could be wrong 100%.
Silver decline done yet?too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.
Perfect Head and Shoulders?Seems like SLV may be bearish and this looks like a perfect entry at the retest of the neckline. Thoughts?
Silver analysis Elliot wave count short term Traders,
I expect prices to push lower below $22 in the next few days. We are currently working wave 4 (Triangle pattern) I will enter short once price breaks below BD line, I expect some volatility on silver and Gold as well
Please like and share your analysis
good luck
COPX - bully bounce timeCOPX took another hit today and lost +4% which is a little surprising considering Max Pain this Friday is $37... maximum-pain.com
Expecting a turn soon. Probably starting next week after some more pain and fear...
Indicators appear to be looking for a turn on the daily, and Volume is drying up on this leg down.
Potential selling climax on July 19th.
Bollinger' Band width can go lower but not much IMO before a turn.
New high isn't likely given the drop out of the longer term regression channel.
Tradable bounce - lasting ~30 days...maybe less on deck for COPX.
Maybe another 3% to 4% down. Falling knifes and all... buy the fear.
Bounce Target = $40.xx See Chart
Not financial advice.
SLV1. R1 $21.90, R2 $22.50
2. S1 $20.85, S2 $19.50
SLV has accelerated its fall from $23.00 and the price is trying to break back above $22.00. Given the current overall market condition with SLV on a correction trend, for warriors wanting to catch the bounce, can enter at $20.90 with a take-profit target of $21.90, stop loss at $19.95 (a must have to DT). For conservative traders is advised to stay on the side-line to see if $19.50 can provide a good strong support for long-term entry.
Silver is a major short term level inside a rangeThere's been some divergence in the miners for the first time since silver broke down from 28 as we're trading at the 618 range low - high.
Notice the demand and supply at this level since Q4 last year - a lot going on here.
Zooming in on the 4hr:
For short term traders this is a decent long spot. The 200dma is 26 - so it would need to reclaim that for a more significant move higher.
Silver Ascending TriangleSilver is forming a 12 month Ascending Triangle Pattern, a break above resistance will signify more upside.
"the silver lining"silver is poised for a major run into next year
i'm thinking to $100
but not before this final trap.
swinging silver to around $30 is my plan,
shorting it once it hits $31.
this last liquidity hunt from $31~>$20 should be the last one before our run of the decade.
in confluence with my btc idea as well.
who ever is behind these moves is a total mastermind, hats off to you.
💸
SILVER triangle breakoutJust buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
SLV - Triangle Corrective WAVEMy count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer.
See chart for general price and wave predictions. Waiting for confirmation that Wave C is done.
Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail interest in physical silver may be skewing this metric.
If the C wave continues down a little then reverses - still bullish for SLV longer term and potentially a bullish ABC correction. If Wave C down breaks below $21.xx will revaluate bull case.
Note: $COPX has been turning up here as well. Bullish!
No active trades = Neutral
Not financial advice.
Silver: Good time for another move up.Good day. For those who follow me remember I took some profits in silver at "d" The price is now at a good point for "e" if this is a contracting triangle as it appears to be. Watch closely for price action soon that suggests a reversal.
As always process your way.
SLV vs SPY Silver vs SPYTo me, it looks like a swing failure low. As long as it holds above that previous low, could be bullish for silver.
#HEX launch phase engaged, another 10% outperformance vs #BTC on the cards.
HEX token is likely to show considerable outperformance against the rest of the #crypto market
due to the launch of #pulsechain likey in August
and a sacrifice phase to last 17 days... possibly starting this week.
SLV LongSimilar situation as with GLD, silver is still accumulating and might go a little deeper. Good for holding long-term.
90% BUY / 100% HOLD
Estimated PO $45
Hex is about to break out into the teens - shortly.The charts look great against #USD
but also against #eth #btc #ltc and #doge
