Some hidden bullish divergence setting up on gold's chart, as it's trying to carve in a higher low on weekly chart, while silver is carving out a lower low. Spring board set!
Not quite sure this is a bearish picture… Seems this index always had violent consolidation periods after a thrust upwards. As long this remains above the 3 year moving average and that horizontal support around 130$… just standard operating procedures. As for the targets, well first watch for the current box to resolve.
No more room to go down. Watching the spring action on this support. Need to see a close above 28$ to resume upwards momentum.
Forget the narratives, let the chart tell you what to do.
Inflation adjusted silver is pushed against the wall. Not much room to go. August close is key.
Gold's bull runs defined via a fine tuned 18 month moving average.. if gold exits quarterly defined bull zone.. then hibernation awaits.
Gold's bull runs defined via a fine tuned 18 month moving average... Market gives you 2 shots! 1 strike. Couple more weeks to survive final strike!
1675$ is yearly and semestrial defined all-time highs (and a wall "previous resistance turned support not the case in 2011-13 top)
Looks UBER bullish if you ask me, and in hindsight, could be one of the last best entries to get in.
That is a pretty solid arc defined on the 2 month close basis. a close above 55 triggers a target above 90$ in early 2022.
US Dollar's Daily Point and Figure Chart shows that it's 3rd greatest sell signal is still intact. Target is that magnet line below, around 75 area.
Monthly configuration and 8 hour chart looking eerily similar. Keep a close eye on the next few days.
Check out gold's pattern after breaking out of it's huge base, ans silvers! Since silver is taking it's sweet time, I used quarterly candles to condense time. Fractal playing out.
Bullish descending expanding wedge breakout confirmed in 2020. Now a pole flag pole in progress, a breakout above 28$ yields a 42.80$ target (the pole-flag-pole & wedge beginning).
Notice how higher silver is perched, with ratio no where near historical "rock bottom" levels. Head winds? Maybe. End of bull era? No, it seems not even started yet! Whatever exuberance in Nasdaq, will eventually fuel silver upwards.
Things about to get insane... oh man. If this breakout line is closed above in August, US equities (via Nasdaq) can really start out performing silver.
Sugar has ALREADY BROKEN OUT ON WEEKLY CHART! Expecting a huge spike soon