Will 1.16 hold or will bears push price down to 1.14? Both are key phycological levels which means they are very strong and have both been used as key support and resistance levels in the past, this is also the weekly timeframe and as we know levels on the higher timeframes are stronger.
If we end the week below 1.16 then a 200 pip drop is expected, although the...
If Silver holds below 22 on at weekly close then i will be looking at bears pushing price down to 19! 22 is such a key level as you can see on my chart this level has been used many times as key support and resistance, and taking into note that this is the weekly timeframe this makes this level VERY strong.
On the daily if you take a look yourself i am looking...
As you can see i have a few key levels of interest marked on my chart. I had a buy order set at 1725 which was triggered earlier.
Why did i have an order set at 1725? Well if you take a look it has been used as support and resistance previously on the higher timeframes (this makes it a strong psychological level) The higher the timeframe the stronger the...
Another massive move to the downside could be coming in the crypto market as BTC price has failed to break key level 47000 this week, touching on and rejecting it as resistance the previous 3 days indicating that bears are strong and will push price lower.
I am favouring a push down to 42800 and possibly a lot lower if this support level breaks, 29000 would then...
She works in the Australian mines digging for gold HAHA
1800 is such a key phycological level for gold because it is a nice round number and has been used many times as support and resistance before both on the daily and monthly timeframes, this is where big banks and institutions will either have take profits, stop losses or buy and sell orders set, so a BIG...
Heading back down to 1795 before the bigger push up! You can see that 1795 is a good area of support that has been used plenty of times before, this is also the daily timeframe which makes it a strong setup, once we have the bounce off 1795 then 1833 will be our next target as we look for the bulls to push it through that level.
So short term SHORT long term...
