TimiOnur

TimiOnur

Momentum at low levels and positive but weakened a bit in the last day. So there may be a few days of consolidation. Price in Descending Channel and it will be breakout if price reach to 2050 with volume. I don't expect a 70% retest of the 2005 level. Then gold will go towards the short-term target of 2130. Formed Patterns : Descending Channel Price Target...

TimiOnur

I know it's very annoying to trade with silver in these days, but price is at the bottom right now. Silver is oversold and undervalued. Price in Falling Wedge Pattern and if the price exceeds 23.20 with volume, there will be a breakout. There is a Double Bottom Pattern on Chart which means bulls are powerful in 22.5 area. So there is only one way from here. I...

TimiOnur

Falling Wedge broke upwards and started major bullish trend on 4 hour chart. This week I expect a big rise in gold and downtrend on DXY to continue which is good for gold. Intermediate-term price target of 2427-2465 has been opened. Price Target in Intermediate-term (6 weeks-9 months) : $2427-2465 Price Target in Long Term (More than 9 months) : $3000 ...

TimiOnur

Silver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : ...

TimiOnur Updated 

Silver is close to breaking the 665-day Triangle Pattern. Silver is oversold and undervalued now. They have tried to reduce the price in volume for 2 days, but the price does not accept below 23. From now on the only direction is up. I also expect a big decline on Gold/Silver Ratio. Downtrend on DXY to continue and gold to perform well this week which is good for...

TimiOnur

I expect gold will cross 2135 high resistance zone and rise to 2200-2230 levels. Then continues uptrend after pulling back to 2135 levels which is the new strong support zone. 2019-2041 has been tested several times and there is a good support. Direction upward from here. I expect downtrend on DXY to continue which is good for gold. Formed Patterns : ...

TimiOnur

Gold/Silver Ratio will break the 375-day Triangle Pattern soon. There was a false breakout to the upside last week. Price couldn't break the trend line. Gold/Silver Ratio is expected to go down. Formed Patterns : Shooting Star Candlestick Pattern, Rising Wedge Pattern, Double Top Pattern on the momentum indicator. Scenario 1 : Gold/Silver Ratio quickly goes...

TimiOnur

Hammer pattern has formed in candlestick. Gold/Silver ratio is on top. Silver will most likely break its 665-days Triangle pattern. Now it is time to invest in Silver! Scenario : Silver will suddenly rise to 27-27.5 levels and begins consolidation at 25.7 levels. Price Target in Long Term : 44 Support Level : 23.56-23.77 Trend Power : Extremely Bullish ...

TimiOnur

Silver has gathered enough strength at low prices for 2 weeks. According to the Gold/Silver ratio, silver may lag behind gold maximum by 2.20%. Silver is likely to break its 665-days Triangle in January or perhaps in two days! Now it is time to invest in Silver! Scenario 1 : Silver will suddenly rise to 27 levels and enter a long consolidation at 25.7...

TimiOnur

Silver tested 61% of the Fibonacci last week and fell to 50%. I expect the price to cross 61% and reach $25,187-$25.5. However, there is a possibility that it may break 25.7. If 25.7 is broken, the target will be 44 in long term.

TimiOnur

I expect a calm and stable week for gold. My weekly closing forecast is $2080-$2100. While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily. Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold. Gold is expected to reach $3000 in long term.

TimiOnur

It's a triangle that's been going on for 650 days. I expect silver to hit $25.5 in one week. However, there is a possibility that it may break $25.7 Triangle line. If $25.7 is broken, price will be exceed to $28. Gold is expected to reach $3000 and silver to $45 in long term.

TimiOnur

Bullish Pennant Pattern is formed on Gold Chart. Gold will soon exceed $2140 and silver $25.5. However, Silver is likely to break the 1-year Triangle Pattern. If 25.7 is broken, I expect that the price will reach 28 in short term. Gold is expected to reach $3000 and silver to $45 in long term.