Gold has hit 1 year moving average so I'm considering this as a fear entry, as walls of worries still present. First turnaround step today as gold exists declining Ichimoku cloud defined resistance.
Constant fight of support vs resistance. I see silver on 4 hour chart showing promise, offset by previous volume defined fair value, now resistance. Will be support once silver slides above.
There is resistance on daily chart just above at 24.50$-24.75$... so I'm zooming in to see turning point on 4 hour chart. Let's see if we can build momentum and cascade the breakouts on the higher time frames.
More fuel till Q2 2021 for gold, silver and friends!
Sokoman Minerals is silently sliding above a HIGH volume node... which take off ANY moment. Ninja.
Sure is taking their sweet time. Coiling price action below important breakout lines. If it can slide above current HIGH volume node, it's gonna have a MONSTER base to take off from.
Coiled to perfection... pateince will soon be rewarded.... creeping up to important break points.
Daily chart for silver shows next steps before move up. That is why I see some work to be done at these levels... then, should fly once played through.
4 hour chart with Ichimoku cloud and volume profiling. Combined, give you a good view where next hickups could occur. Also not I have estimated time to reach targets.
Zoom in on 4 hour chart to see why silver isn't sky rocketing to the moon right now! Why? Why? Why?
Choose your rocket ship. Silver, gold, copper, platinum and uranium are leaving station now!
Stage is set... silver is primed for a move up. Wake up was today... now a slow down to breakout line. Then explosion in a couple of weeks to close out December STRONG. +30$ target this month.
ADX up tick following a confirmed breakout on actual price action is WIN-WIN.
Vix did it's final fake-out.. and is subdued. Waiting for a gap close pre March Madness to reassess.
UP tick in ADX + 6 month log chart on silver shows the rocket ship is fully fueled and taking off... HOLD ON TIGHT!
Twin tower charts showing you what is happening to silver. The important macro tides in place cannot be easily overriden. Smaller time frames is mostly noise.
Has silver corrected enough? Is it forgotten enough? Not loved anymore? THose answers will be answered in next rally... explosion required to hit +30$ by year's end and follow through over 40$ Q1 2021.
Weekly log chart looking primed for a breakout... holding the line.... hold it... hold it....