XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.64 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 15.55 (horizontal swing low support).
RSI (34) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Xagusdshort
XAGUSD ShortENTRY: 15.705
SL: 15.778
TP: 15.584
This was a pair late last night I was looking to go short on.
My decision was not based on Ichimoku, but rather Support and Resistance, Candlestick Patterns, Chart Patterns, and Divergence.
Price came in contact with a Daily resistance level and began consolidating. The failed break of the previous fractal, along with divergence led me to believe the trade would go short.
Unfortunately, I couldn't stay up to see if this trade would trigger (even beasts need to sleep lol), but I had a pending order set in place.
I will delete my order for now and wait on other setups.
STAY TUNED!
CONGRATULATION GOLD BULL TRAP HAS ALREADY TRAPPED YOUAsset Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.450(moved stop loss)
Capital Risk:2000 USD
Potential Reward: 12000 USD
Risk/Reward: 1:6
Asset Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1340(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000 USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 18000 USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)
XAGUSD Approaching Support, Potential BounceXAGUSD is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 1.4% where a corresponding bounce could occur.
XAGUSD approaching resistance, potential bounce! XAGUSD is approaching our first resistance at 16.10 (Horizontal overlap resistance, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 15.49 (Horizontal swing low support, 23.6% fibonacci retracement , 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
XAGUSD Testing Resistance, Potential ReversalXAUUSD is testing its resistance at 15.59 (50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 14.96 (38.2% Fibonacci retracement, horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.6584 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.9941 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching support, potential bounce!XAGUSD is approaching our first support at 15.00 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 15.62 (horizontal swing high resistance, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also seeing a bullish exit where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD testing resistance, potential drop! Price is testing our first resistance at 15.21 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong reaction could occur below this level pushing price down to our major support at 14.78 (horizontal pullback support, 100% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.16 (horizontal pullback resistance, 38.2% fibonacci retracement, 100% fibonacci extension, Elliot wave structure) and a strong drop might occur below this level pushing price down to our major support at 14.69 (38.2% fibonacci retracement, 100% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Important TradeCurrency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1270
Take Profit: 1230
Stop Loss:1310(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 2000USD
Risk/Reward: 1:1
XAGUSD Approaching Resistance, Potential ReversalXAGUSD is approaching its resistance at 14.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could potentially reverse down to its support at 14.30 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could potentially occur.
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.51 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.29 (horizontal pullback support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
TRADE WHAT YOU SEE NOT WHAT YOU HOPE FORshort-term Trades
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1220
Take Profit: 1180
Stop Loss:1240
Capital Risk:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 400USD
Risk/Reward: 1:2
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative.
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
Should you require any more information don't hesitate to contact us.
Many regards,
Short term Trades
Currency Pair: XAG.USD(silver)
Sell Entry Price: 14.500
Take Profit: 14.000
Stop Loss: 15.00
Capital Risk: 200USD-(amount may vary depending on your account size and risk tolerance)
Potential Reward: 200USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative)
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
THE MAJOR TURNING POINT IN GOLD AND SILVER IS ABOUT TO COME BUT ECONOMY AT GLANCE-Yellow metal was trading around it's psychological resistance-$1200 from almost two days but finally today it broke above and reached almost $1216, our trailed stop loss for our short-term trade was set at our entry price@1210, so we got nothing from this particular position as this was a risk-free trade. However gold wasn't even able to hold $1216 level for two minutes and at the time of publishing this report trading at around $1211 while white metal is at $14.13 Gold and silver prices have made little gains today but is it sustainable? one may wonder that gold and silver pushed above their major support areas so it means bulls are coming back with full force and now that's the turning point we all are waiting for Right?
wrong we certainly don't think so-we witnessed a slight sell off in the U.S. equity market today which aids some upward movement in precious metals sector however personally these small corrections means nothing to us,we always try to look at the big picture,anyways Today was the day for the release of the consmer price index about which we informed you already in our previous post which met with the expectations of those who beleived that inflation is not an issue in the U.S. yet-These report aids more strength to investors who are relax about the U.S. equity,inflation and world economical health-we also witnessed the steep slide in oil prices where Nymex crude oil futures prices hit an 11-month low yesterday.we also witnessed some dispute between EU officials and italian goverment and as a result italian bold yeilds surged in a significant manner-The U.S. dollar has made a small insignificant correction today but overall it seems The U.S. dollar index has a significant room to move upwards as we aren't seeing any clues by which investors should be afraid about the equity market sell off or the world economical health-Adding all these factors seems not good for precious metal sector atleast for coming months( our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The non- fear factor can be seen in the financial market stress index published by the St -0.80% Louis Federal Reserve and the CBOE Volatility Index 6.14% ($VIX), also known as the fear gauge)
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold 0.69% likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
Please, note-We do believe the major turning point in gold and silver is about to come in coming months but before that happens it's crucial to understand that the precious metals sector hasn't made their bottom yet, there is enough room for prices to go lower before we witness a substantial rally in gold and silver prices.
overall it seems that our long-term position in gold 0.69% and silver 0.57% will be highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started(short-term signals for gold and silver will be delivered soon to subscribers,and please stay intact in our long-term positions as we do believe profits are likely to much higher soon)
YOU IGNORED US NOW FACE THE CONSEQUENCES we witnessed the equity market correction in previous months where analysts were fearful of coming next financial crisis as we saw in 2008 or even bigger than that but our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The non- fear factor can be seen in the financial market stress index published by the St Louis Federal Reserve and the CBOE Volatility Index ($VIX), also known as the fear gauge-as of now we are seeing the USD Dollar index has jumped to its highest level since June 2017 which is making immense pressure on both gold and silver and our short-term analysis suggest that once yellow metal will broke below $1190 level(our take profit) more selling pressure will start from this point-we as a gold and silver analyst are focusing more on the U.S. dollar, positioning analysis and global macro data these are the factors that could affect gold and silver prices in the long term-some other important factors which are making pressure on P.Ms are WTI crude oil significant decline along with weak CNY and rising yields-
Please note-Russia and Saudi are about to cut their oil export and we believe at this moment of time investors should monitor any outcoming global macro data very carefully
Our previous comment
1-we believe after the US mid-term election when the dust will be settled, the recent news events and relatively strong earning data will push the US stock market and economy to upside in a significant manner
2-If US-CHINA Trade war will be eased through the losing the policy by trump in the near future, we expect the equity market to surge 5-10% over a few weeks or even in few days on that news alone, hence a significant downfall in the precious metals sector.
3-we strongly believe experienced money managers and strategic professional trader should tight their seat belts and should start taking trades in gold 0.18% -0.31% and silver -0.21% 0.00% as we are expecting a sharp move as the price could move in a very aggressive manner soon-However we are very bearish for the mid and long-term in the precious metals sector.
SHORT TERM TRADES FOR GOLD AND SILVERShort term Trades
Currency Pair: XAG.USD(silver)
Sell Entry Price: 14.500
Take Profit: 14.000
Stop Loss: 15.00
Capital Risk: 200USD-(amount may vary depending on your account size and risk tolerance)
Potential Reward: 200USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative)
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
Short term Trades
Currency Pair: XAUUSD(Gold)
Sell Stop Entry Price:1210
Take Profit: 1190
Stop Loss:1240
Capital Risk:200USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 200USD
Risk/Reward: 1:1
(we can adjust (limit, close or even reverse) the position before this price level is reached)
we don't recommend you to risk more than 50-200 USD In our short-term trade as short-term moves/Trades are highly speculative.
Our suggestion-Your core part of the portfolio should be invested in our long-term(1-2 months) signals that's where you can expect to make Big profits.
PLEASE NOTE:
This position is an Instant sell position which should be executed at your earliest convenience
Should you require any more information don't hesitate to contact us.
Many regards,
GOLD IS ON THE BRINK OF COLLAPSEwhen we joined this public platform one year ago by other account and predicted the gold fall from 1358 to 1150 and silver from 15.80 to 13$-some people called us crazy,delusional or some even abused us after that when we closed our position at 1260 people thought it was just a luck factor-it took three-four more trades to make them convinced that we really know what we are talking about obviously no one can be right every time in the business but having 11 years of experience only in gold and silver definitely gives you an edge-so now these people ask me do I have any insider information? lol, I don't know if we make any change by coming in this platform but two things are clear-people perception has been changed and second if you followed us you should have made a significant amount of profit.
Fundamentals-U.S Dollar strength which we predicted before the midterm election is putting immense pressure on the precious metal sector. The Yuan, The euro along with the cable all are suffering by the strength of the greenback,we believe behind this immense strength of dollar which we are witnessing is majorly caused by the Hawkish outlook from the federal reserve at last week meeting,strong PPI number also contributed to the strength,we are waiting for the CPI inflation read which will come out Wednesday
Technicals-we believes buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week
overall it seems that our long-term position in gold and silver will be much highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started