I'm watching silver for weeks now . It's in a triangle and it seems it's finally breaking out today.
The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer.
The question is if we can break through the multi-month-blue-trendline on the daily as we are breaking out of the triangle. If we do the rally can produce a 3-4$ rally up to 22$ in a very short period of time (5-10 days) :
I'm also watching the XAUXAG ratio:
The bear flag on the above chart is breaking down. It means silver will rally much more violently at the end of this precious metal intermediate cycle than gold.
I will use a stop if price turns back and breaks below the triangle.
Important : JP Morgan can hit this anytime to turn back down producing a bull trap. If we can't hold the breakout and reverse you will have to stop this out. Banks are hungry for your money. They've lost a lot during the pandemia.
The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer.
The question is if we can break through the multi-month-blue-trendline on the daily as we are breaking out of the triangle. If we do the rally can produce a 3-4$ rally up to 22$ in a very short period of time (5-10 days) :
I'm also watching the XAUXAG ratio:
The bear flag on the above chart is breaking down. It means silver will rally much more violently at the end of this precious metal intermediate cycle than gold.
I will use a stop if price turns back and breaks below the triangle.
Important : JP Morgan can hit this anytime to turn back down producing a bull trap. If we can't hold the breakout and reverse you will have to stop this out. Banks are hungry for your money. They've lost a lot during the pandemia.
코멘트:
The multi month trendline breakout will occur above 18.5 $ only:
코멘트:
But I think the previous few days had set to the trendline lower:
코멘트:
The last 2 reversals from the red triangle trendline is negated today ( the last one was a daily key reversal).
코멘트:
So right now it looks really good. Let's see how it closes.
코멘트:
Breaking the multi month trendline
코멘트:
코멘트:
Xauxag flag broke down
코멘트:
At the edge of the breakout.
코멘트:
I just added to the long position. I’m expecting a very fast move to 20-21
코멘트:
And there is the breakout
코멘트:
The breakout is held into the close.
Sticking to the position. Big move is coming to the upside.
Sticking to the position. Big move is coming to the upside.
코멘트:
Show must go on. JPM released silver.
코멘트:
XAUXAG following the path I expected.
This is tge main reason why silver will outperform gold in this ICL topping move.
This is tge main reason why silver will outperform gold in this ICL topping move.
코멘트:
19.634 is the previous high. That is the next level to be tested.
코멘트:
Xauxag ratio closed below the 200sma . Today there is no sign of recovery. Smartmoney is switching from gold to silver.
코멘트:
There is no sign of recovery in DXY too. If it drops more xauusd and xag usd can benefit from it.
코멘트:
코멘트:
But we saw this march how far can they stop a correction . If more states are locking down we muggt test the March lows as we get closer to the elections.
Key reversal in the NAZ. And swing high today. The government will fight till last breath to stop this.
But we saw this march how far can they stop a correction . If more states are locking down we muggt test the March lows as we get closer to the elections.
코멘트:
Muggt=might
코멘트:
I feel every puzzle piece in its place for a nice precious metal rally in the next 2-3 weeks.
코멘트:
Another great day again with a new high.
코멘트:
We are entering the final 10 day of the Silver intermediate rally. These are the 5-6% days where the sideline traders are starting to chase the price and shorts are getting squeezed. Someone big bought today as price tried to tag the 10 SMA.
코멘트:
Higher high in the rally again and we are testing the 19.634 level soon.
The break of it will trigger some kind of short squeeze where I would like to exit the position.
The break of it will trigger some kind of short squeeze where I would like to exit the position.
코멘트:
... and there is the breakout.
코멘트:
Another big surge today without any pullback.
코멘트:
Long from 18.1$ when the triangle broke out
코멘트:
Short squeeze.
매매 수동청산:
What a run. Locking the gains at 22.5$
코멘트:
The xauxag ratio probably going to take a breather at the 80$ Resistance.
코멘트:
There was one more exit point in the morning If you missed the night exit.
코멘트:
If we hit 21-21,5 in the next 2 days I might long silver again for one more push. After the 3 day rally it seems we stucked in a range.