ADX on monthly chart is powerful move, with lots of pips to capture. See the bigger picture.
On the 4 hour time frame, signals extreme selling pressure. If this stops, higher time frames upwards trends can build this into buying pressure. When premium slowly starts increasing upwards, price action will also.
When I see a discount to futures for spot silver, that is extreme bearishness. In a higher time frame uptrend, can signal a reversal opportunity. Let's see if this translates to higher time frames.
Sugar and silver are linked via this common denominator... inflation! Trying to unlock the mysteries of deflation vs inflation narratives. How much more evidence do you need?
Approaching confluence of support defined on monthly chart. Max fear areas in such circumstances provide buying opportunities.
Okay, strong move for a while, does sugar now need a breather? Very close to some generational breakout action... Can you spell I-N-F-L-A-T-I-O-N! #sugar #commodities #gold #silver
... before real yields accelerate it's tumble?
Are these too injured? Looks like they might of healed faster than expected. If silver junior miners stretch from 1 year sma like silver metal can do... it would fit nicely with next confluence of resistance at +17$.
Not sure if I'm over zealous in thinking fireworks can happen with a few weeks left in year... Looking for clues that can rapidly dismiss my premise of a +30$ silver close this year!
True Strength Index used to situate gold. Then you can see what's next.. or try to! Also note the contracting 6 month rate of change.. starting to expand once again. Purgatory could be ending, heading to all-time highs. Question is, will we get another purgatory (and for how long)?
Silver vs Silver Junior Miners is ompressed and ready to explode.
Silver, choosing it's volume defined slide on 6 month line chart. Angle of ascent is pretty aggressive. Look for targets above 30$ soon.
Gold next 100$ move should bring it comfortably above 1945$... and above any type of daily defined meaningful resistance!
Can I get my hopes up now? Oh boy this seems legit: Out of the daily cloud, heading up the volume defined slide... out of pivot lines... 17$ target.
Adding weight of evidence, in this case volume profiling, you see the strength of the Ichimoku cloud defined resistance. You can now add probabilities of slicing through it versus hitting a hard wall.
8 hour log chart with volume profiling and Ichimoku cloud. Do not lever up with silver. It's innate maniac properties is all the leverage you need.
Longterm Real Rates Weekly Renko Chart
Golden 1&3 year moving average cross + channel commodity index reset in bull zone = explosive move. Note those are monthly closes, will overshoot on smaller time frames.#gold #silver $gld $slv #fintwit #patience