yann2zen

yann2zen Updated 

Just like silver, gold has reacted with a nice bullish hammer which signals a potential upside move, but, as always, the market does it wants. Based on the overall trend though, I wouldn't look to sell for the time being.

yann2zen

By the looks of things, silver is ready to o higher. The structure (or Elliott Wave count) is indicating that the correction might be over and we already got a reaction to the upside. However it is not a given, the bears could still enter the market however I am siding with the bulls on this.

yann2zen

Silver seems to be forming a continuation pattern which aligns with the overall trend. I believe we will be seeing higher prices on silver pretty soon.

yann2zen

Dips continue being bought and here's another opportunity to join.

yann2zen

This is what I see on the charts, and this is what I will follow unless I get a different count and pattern.

yann2zen

Buying at current prices is risky, although there's no guarantee that price will dip but I'd rather wait and buy low with a small risk. Buy the dip would be my strategy if we get a pullback.

yann2zen Updated 

Although silver fell from previous levels, the overall trend is up, and I think the correction will soon be over.

yann2zen

That big daily candle yesterday changed my short term bias which was bearish. Gold broke an important resistance level and I think it's about to go up from here. I could be wrong though. Let's see...

yann2zen

Based on the pattern alone, I'd say XAUUSD has a bearish outlook but let's see how things go.

yann2zen Updated 

It's still too early however BTCUSD made a new high at around 73800. Now this drop to me seems corrective and has bounced at the fib golden ratio 0.618. I think it's worth keeping an eye on this pair for the next few days and maybe expect bulls to buy from the levels shown on the fib. With the DXY potentially declining, I think my bias is bullish on BTCUSD.

yann2zen Updated 

This looks like a good setup for buyers, let's see how it goes.

yann2zen Updated 

This is an important support from which we should see more buyers coming in. In smaller timeframes it might be bearish but I am still bullish on gold for the long term.

yann2zen Updated 

Silver has been pretty bullish recently and it only makes sense to follow the trend after a correction. There's still one resistance level to get through before confirming the move up.

yann2zen Updated 

This presents a good setup for bears with a good RR. The next few weeks should be interesting.

yann2zen

The latest support that just broke on the DXY confirms my bearish bias. It has taken a long time but that's higher timeframes for you. The next two or three months should be very rewarding.

yann2zen Updated 

That's my bias...just based on this pattern. I am definitely bearish on the USD. Let's see how this unfolds.

yann2zen Updated 

I my opinion BTC is about to go higher after what seemed to be a corrective move. However, I don't trade crypto, this is just me looking at the charts and price action, every market has its behavior.

yann2zen Updated 

Dips were bought...the correction could be over soon but we will find out soon enough. The next few days should provide more clarity, for now I'm out of the market. The trend is your friend.