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SLV

Silver - Running out of SteamLooking at the daily chart for Silver, we can see a solid push from the $13.11 range in November to over $15 in February. However, since hitting strong overhead resistance this run appears to be losing steam. The ADX which measures the strength of the trend appears to have double topped. The MACD is showing bearish divergence as well. There is still a chance for the price to rebound off support and retest the purple trend, but I am biased to the downside for now.
AMEX:SLV
by jpbrown1023
Gold - Bullish Indicators and Cup N HandleGood evening traders, While I don't hold gold, I hold alot of silver. Due to the correlation, lately, you can practically trade silver using a gold chart. I wanted to point out a few positive things gold has going for it currently. 1) We can see we have a cup and handle forming on the daily, now granted, the length of the handle is not well developed, and we could certainly see further downside to complete the handle. 2) RSI has crossed its average EMA, this is bullish. 3) Slowstoch is currently mid re-trace to the upper bounds. 4) MACD is currently crossing bullishly on the daily. 5) VFI is threatening to bullishly cross. With all the market uncertainty, and what should end up being a red week for equities, we can expect a couple of things coming up for gold. Firstly, as investors flee equities, the dollar index will most likely strengthen, this could be a catalyst to further breakdown past the value area between 1280-1286 (the corresponding .618 and .65 of the bearish structure). Conversely, if investors seek risk off assets and diversify into gold, it could be just what the metal needs to break out. Another item of importance is the head and shoulders that is forming on the daily and we must observe closely over the coming days. As always, if you like my content, please hit the "Like" and "Follow" button. Additionally, you can always receive my updates by going to settings, notifications, check receive email updates, and follow this idea.
OANDA:XAUUSD
by ant187
SILVER Big Bullish Move Likely Coming SLV 2019!SILVER has a high probability of exploding in price. At this current level around $14 SLV , it is very possible that price could go 2x 3x or even more. Here's why... Double Bottom on Weekly chart Double Bottom on Monthly chart Bullish Breakout of channel from August 2018 - daily and short term Bullish divergence on Weekly I was watching this channel on SLV which has been in effect since August 2018. In it is featured a double bottom . Especially when looking as a weekly time frame, this double bottom is accompanied by divergence in the indicators and this level is ALSO a monthly support, which also looks like a double bottom from 2015!. This is all very strong long term. Once the price finally broke out of the channel as it did today (seen on the weekly and smaller time frames), serious consideration needs to be paid as to when to enter. It is very possible that we see a correction in the overall market very soon.. either a bullish pop, or at least a pause in the violent sell off... And for that, I'm going to wait and watch SLV. I think a pull back (a retest) of SLV could coincide with a rebound of stocks. This would make perfect sense as for example, SPY might want to bounce to test all the supports is just blew through, and SLV might want to do one final consolidation before blast off. That last part is just my thought as to how it might play out.. But the main thing is, whether entering now or in a month or so, chances are good for a BIG Bullish move in Silver into 2019 and beyond. Travis JMJ - UIOGD
AMEX:SLVLong
by Procinctu
GLD Fibonacci Repeats Nov-Dec 2016 To The Penny! What's Next?Hey all.... Well, the RSI divergence from my last chart crashed and burned, however, it has revealed an anomaly I had to share. GLD has just moved the exact same distance as it did in November and December 2016. On the Weekly chart, this is also the last time RSI was this oversold. Also, while not exact, there was a similar wave structure preceding the move in 2016 to what GLD has done over the course of 2018. In 2016, GLD fibonacci lines went from 124.45 to 107.18 for a 17.27 move In 2018, GLD fibonacci lines went from 128.39 to 111.12 for a 17.27 move What's Next? Back in 2016, GLD hung around the bottom for a week and then retraced 50% of the move in the three weeks after that. Applying that to 2018, GLD would retrace back up 50% to 119.75 in about a month. Will history repeat? It will be interesting to find out... Consider opening a position on GLD call options for end of September expiration. You can set a tight stop, as this particular idea will either repeat, or it won't. Hope we see a repeat and hope it serves you well. Travis JMJ - UIOGD
AMEX:GLDLong
by Procinctu
Gold Price Clearly Defined and Price TargetsThis last chart, a Monthly price chart, illustrating the Pennant/Flag formation in Gold should be the clearest example we can provide that Gold will soon break out to the upside and rally extensively higher if our research and analysis are correct.  The momentum that has built up over the past 2+ years, as well as the global demand for Gold by central banks and by investors as a hedging instrument, could prompt Gold and Silver to rally at least 50~60% in this first upside breakout wave – resulting in $1900 gold prices.  Silver could rally to well above $18~19 in a similar move and the number our researchers believe may become the upside target in Silver is $21.
COMEX:GC1!
by TheTechnicalTraders
SILVER / SI / SLV - Bearish Pin BarSilver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less and lines up well with the double top that had formed a few weeks earlier. I discussed the bullish setup in DXY, which if that setup plays out, could put a lot of downward pressure on gold and silver.
COMEX:SI1!Short
by krugman87
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