


CSInvestment
I think the dollar has some space to go down at this current moment... Look at the provided screenshot and see the correlation with your own eyes.
I have found an interesting setup in gold. Inverse head and shoulders inside a 10 year long cup and handle, where we are at the handle part. Indicators are starting to show some strength and cycles are up, I think we will see a nice rally in the coming quarter for precious metals.
Buy gold against this point - it will surely bounce 1-2%. I will in further in depth analysis this evening. Thanks, have a good day. *Remember! Futures trading involves a substantial risk of loss and is not suitable for all investors.
It is not surprising to see that cycles for CAD are up - another correlated with silver currency. Check the related ideas to see all the details of the long silver idea. Longer term cycles are down into 2022 for this pair (Up for CAD) Short term cycle is down until March 3rd for this pair. Downside price target for the short term cycle low is 1.20 - a close above...
To support a strong up move in silver, gold should be performing as well. Reasons why gold will be performing and could retest August highs on the last week of February, and after making a pull back into early March creating a cup and handle pattern - storm to 2500 by April: 1. During March - November period gold has made a 9 month long picture perfect bull flag....
We have hit a perfect double top in gold futures at 1767.9 (1767.2 first low in Nov) on a monthly time frame. Cycles are up and selling volume is decreasing. As long as gold doesn't close below 1767.2 this week - it is one of the most bullish assets on the planet right now! However, remember to be cautious because futures trading involves a substantial risk of...
Fresh Friday cycles chart - silver is the one shown today. Very bullish setup.
A very possible outcome in silver as observed on the chart. We could see such action in silver - it will be very interesting to see.
Cycles chart for gold, drag around the chart to see all the details.
Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle. At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long....
One picture is better than a thousand words, everything is seen on the chart. We should see weakness soon and a weekly close below 0.9 could lead to a retest of the lows at 0.36. Cycle is down till mid February. In April when the triangle ends we might see a total smoke show, possibly on the upside - looking at cycles but that's for another time... Buy silver. ...
Smaller term cycle is up until March 15th and for now the medium and long term cycles support the move. The super cycle is up for many years ahead, however medium to long term cycles are likely to top on March 15th and will be down until July 2021 (medium term) and August 2022 (longer term). Since there is conjunction of important cycles topping I expect one last...
This is a related idea and I recommend to scan the previous ones at least briefly to understand what I am about to say. As you can see cycles totally support the bullish market in gold and silver, since silver moves more percentage terms than gold in both directions - the reason why the ratio swings up and down. I expect gold to reach around 2050-2070 and silver...
Check the related idea for USDRUB. It is a very similar story but the Australian dollar has an even stronger correlation to silver. Longer term cycle turned up in March. And now inside a topping medium term cycle there is a rising smaller cycle - which is up until mid April - same as silver. Upside price target is 0.85 for AUD. Remember futures trading involves a...
Longer term cycle is down as well as the medium term cycle. Medium term trend is down until June - what a coincidence - cycles for silver are UP until about the same period. That's no surprise silver has a correlation with Ruble. Russia is a large miner of all metals, and silver is in the list. When Russia sells their silver on the open market they receive dollars...
Looking at the silver chart we observe a bull flag forming. It would have been best if it only corrected 50% of the recent trading range - making a perfect bullish pattern, however it is still moderately bullish. I mentioned yesterday that this week 26.3 is the target - we have already seen 26.6 - roughly a percent off the target. We could still see 26.3 tomorrow...
Will comment in detail on this idea in a few hours.