New Highs for Gold at 1,823.13 Metals is looking strong as Cooper printed new records high Silver has a similar structure than Gold and also climbing higher. The key for trading breakouts is timing, I prefer to buy the breakout pullback & backtest of the new support which was the breakout resistance. I also look for entries once we have a 1-hour candle close above...
Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows....
Oil is currently in a base consolidation at a multi-year support & resistance zone. There’s some RSI divergence in this choppiness. Not interested until price action has built support over level 70 for a long or a defined resistance below level 60 for a short. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or...
ETH with a Bullish flag consolidating at all-time highs. Beautiful 5ema ride & respect with great 50ema backtest printing a nice inside day with a consolidation candle. I have alerts set for a bid over 3,530 with a 1 hour close on expanding volume. Great 5ema respect and bounce, every tag since April 26 2021 have reacted with a support trendline. We’re currently...
We've been having some similar ATH consolidation with Bitcoin. Testing ATH pivot after March HOD and respecting this green ascending trendline. Daily candle closing above the 50ema which has been clear & clean support and getting tight below pivot resistance. We're seeing some divergence in the RSI and the daily volume is dried up. Expecting a move soon as we...
Currently trading in a range and choppy in the current demand zone. Active sequence engaged since mid April when the 9ema crossed the 21ema and has been support. NO clear direction until 1750 is broken or 1820 is cleared for further direction. Other than 9ema and 21ema being short term support. RSI making higher lows and climbing.
