Yesterday the Silver price hummed along nicely in concert with the Gold price, which of course XAUUSD Gold broke the 2500 level downwards at the start of the New York session. It was a false-break down & took many of the Long-Stops before the Gold Price shot upwards. Concerning a bit for me yesterday was the number of Bearish Head 'n' Shoulders patterns on...
Gold has recovered beautifully in the past hour or 2. Very recently the push upwards relates to a bullish Heads 'n' Shoulders Pattern on the 1m, 2m, 3m timeframes. * DYOR as well. Please don't rely solely on my investment advice. Regards, Chris
The Gold price has recovered well today. See my analysis on Gold on my other thread. I need to see Silver continue to rally above 29.80 and take out the right shoulders on bearish H & S's patterns on the 5m, 15m, 30m and 60 minutes charts. I do see bullishness for Silver as the Gold price recently showed strength thanks to a bullish H & S's on the 1m, 2m and...
I was watching this one yesterday for BTCUSD but there was an opposing bearish Head n shoulder's pattern and the Bitcoin price really softened. Take a look. Trade entry: Look for increased volume & a bullish candle on approach to neckline. Good luck, Chris
I bought into this not long ago. It is below the 200 EMA on 1 hour chart. But staging a comeback following heavy selling on head n shoulder and double tops. Possible long buy with gold price returning strongly today.
I see on the 1HR chart that Bitcoin is getting strong support on convergence / intersection of the 20 / 50 / 200 EMA's. There is still a valid Head N Shoulders pattern above current price by just over 1% to chase to the neck line. It is a bit of a tired pattern from yesterday & currently 49 bars across from the right shoulder.
Hello, We have had a smallish correction so far in the last 24 hours in the Gold-price. The USDX shows some temporary strength the past 8 hour or during the Oceania (New Zealand & Australia) and the Asian session during Wednesday. The Silver price has faired better during these Oceania & Asian sessions. 2500 level is very key psychological & key support....
XAGJPY is a short I took due to negative divergence on the daily stochastics. It turns out that regular Silver XAGUSD is facing a similar fate of hidden divergence on the daily stochastics. XAGJPY has finished under the 50 EMA on the 1HR chart which is not a great position to be going into the Oceania session in NZ in about 90 minutes.
Please see my other charts on the bullish 1HR Heads 'n' Shoulders pattern for BTCUSD. I see further upside during Tuesday trading in Europe and New York for Bitcoin and Crypto in general. Gold is also hammering bullish today. See on this 1HR chart where price for Bitcoin has pulled back recently into the Golden-Zone on the Fibs. That is between, 38.2% & 50% copybook.
A trade I missed, as I am currently watching the CRYPTO space. Thanks to some bullish Cup & Handles on mid-timeframes this has really broken out today. The only thing is..... do you buy it after a 10% rise today or sell it's retracement? I am thinking the former because Bitcoin and Crypto are strong today. Do your own research as well guys! Trading is risky.
This is TRON Crypto TRXUSD. It is currently a very bullish weekly candle & has broken out of the Weekly Cup & Handle Pattern. On the 4HR there is a Head & Shoulders Pattern, it's looking a bit overextended but I think the Weekly price-action regarding the Cup breakout is keeping price very buoyant today. I took 2 positions of 20,000 lots & 30,000 lots about...
The Gold price will continue to Surge this week imo, mainly on very USD weakness & traders and people from all over the world are coming 'from-out-of-the-wood-work' to speculate on Gold's next move when The-Fed moves on interest rates in Mid-September. But the Silver price is still about 9.8% underneath it's high-price for 2024. Silver imo opinion has more...
Wow, incredible strength in Gold price right now. Will a correction occur? I no longer know. I am staying long for the medium term.
AUDUSD has broken out of a consolidation zone on the 1HR timeframe with bullish RSI strength & the Daily chart looks bullish to be wanting to retest the highs on Daily. Stop loss: Under the zone 1hr or a tighter Stop will be a better yielder.
Bitcoin following a little strength in weak volume weekend trading & then softness during Monday trading right around the world, has during Tuesday's Oceania & Asian session recommenced a rally fuelled mostly by this Head 'n' Shoulders Buy setup on the 1 Hour timeframe. It appears to be showing good strength so far today. Buy on a pullback perhaps..... It...
Here is a trade setup I am monitoring. LINKUSD tends be lower volume. On the 15m chart there is a bullish Cup & Handle. I am watching for a 50% re-traceemnt of the handle & then to see if price breaks out at the top of Cup Neck-line. On the 1HR & 4HR charts there seems to be some action as price comes off D/bottoms.
You can see here that Gold has broken support on the 15m chart. I am short for a while but I have several long term CFD's Long gold positions as overall I see its bullishness especially with the USD in free-fall this week and the USA moving on interest rates next month, however USDX is showing some strength today but many believe it could drop to the 100 level...
Thanks to a very bullish Head 'n' Shoulders pattern on 1-5M timeframes Silver has posted a very strong close. You can see here on the daily it's broken out very well compared to Gold & the Silver price still has some catching up to do following its' sell-off in July.