Silver faces a wall of resistance at the $35.50, a confluence of key levels: Daily Downward trend-line resistance at the $35.60 level (see above video) Daily 200 Moving average Weekly 50 Moving Average Symmetrical projection of the September-October swing The only thing helping Silver is the daily squeeze that is…
In the following video I explain how we can apply Fibonacci Analysis to identify the next price target for Gold and Silver.
In my previous update on the metals, I alerted our readers that two very good potential short trades were setting up on Silver and Gold. Those trades came to fruition and have proved to be very profitable so far.
The trade set-ups that I am looking to use are for shorting Gold and Silver, and here is why:
Gold and Silver tested our patience with their month long consolidation during which all volatility had dried up. They finally broke through the top bracket of their sideways channel (see above video).
A brief update on Gold and Silver. The close above the highs of the 26th September candle has not happened on Gold, in order to establish long positions. So while intra-day or swing short positions can be placed on Gold and Silver, we need to watch out for their respective…
After the rally on the markets following attempts to “rescue” the eurozone, my message is let’s not get too carried away. One thing the technical charts are telling us is that we have yet to plough through some key resistance areas before we can call this a win for the…
On September 19th I predicted on my Facebook page that Gold prices were set for an imminent sell-off. The bearish double top pattern on the daily chart of Gold and the fact that Gold prices were over-extended on the weekly charts were warning signals that the yellow metal had some selling…
As my impending trip to Hong Kong looms closer, I have been rummaging through a whole bunch of videos, charts and articles on the Chinese markets. So I was pleasantly surprised to come across a video of millionaire investor, Robert Kiyosaki, preaching the wisdom of Chinese investors. In this video…