The new analysis or report will be published at the end of the day-
As we are writing this report gold is trading at $1277 however the white metal is currently trading around $14.40(we have entered in our silver position at $15 last week). Currently, we hold three positions in our portfolio in which two of them dedicated to the...
Current active position
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
Rules fulfilled for the gartley pattern, will now wait over to coming sessions to see what happens. Could for sure drop lower with the momentum down, and corrective structure will show us that. Won't be trading any shorts however, looking for these longer term buys to come in soon.
Bottom almost coming. Then UP it goes.
Share your thoughts and observation in comments session :)
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
All those irritating adverts that buoyed the spirits of Joe Average. So let's see... Is Litecoin digital silver? Well, yes it is. In fact, Litecoin is much more toxic and as a top 10 coin is perhaps showing the direction of crypto into the mire...
I think Silver might have bottomed and might be about to resume the weekly bullish trend. This could evolve into a way larger move.
I'm long Gold and miners, not silver yet, but I think it's at a low risk spot to start accumulating positions over a few days.
Best of luck,
Silver is set to follow it's long lost posh cousin, gold, on the sell-off. This is quite a risky trade considering the large pullbacks in the silver market. Plus there is the notion of entering a short when the market is already oversold. But we don't care about indicators, do we? Surely i entered a short trade on the last gold trade when the stochastic...
Today we will talk about metals, specifically Copper.
Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and...
Silver is most likely in the B wave of the ABC Flat pattern. It looks like there's a bit of down side left to complete the B wave before it makes the up move. Selling at this point could be avoided coz there's not much reward given the risk and I think its prudent to let silver finish the down move first and then start looking for buying opportunities.
Ok so you have to admit...how similar are those two charts? Almost identical.
The good news: we still have a few good moves up culminating in a final push to around 7300 (last notable high of 2018 reached at the beginning of September).
The bad news: after reaching 7300ish we fall.....hard.
The ugly news: we never really recover, at least not in the short and...
As we are writing this report gold is trading at $1280 per ounce however the white metal is still hovering around entry level which is at $15.Today we have seen gold prices to reach up to $1290 however soon after the selling pressure drag the precious metal down. The moderate climb which we have witnessed in the precious metal sector was mostly caused by the...