Silver long term view

Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.

Since then we've seen consolidation in the range between 20 - 30.

Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.

A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.

All the best.

Cheers,
Sky

Dagangan aktif

Nearing the breakout descending wedge - area to pay close attention to.

Recession woes may take this further down, but look for a strong reaction around that 0.618 fix extension.

Dagangan aktif

It it breaking out of the descending rectangle

Dagangan aktif

At the top of the resistance now - once that is broken with a good follow through we can expect this to fly.

Dagangan aktif

Getting closer to the target, but a lot of bearish divergencies on hourlies, dailies and weeklies

Nota

I suspect a deep correction soon come.

As well as that, I expect the stock markets to carry out a sharp correction too in the next 2/3 months.

Dagangan aktif

As advised 3 days ago, a deep correction is over the horizon. First sign over the past 2 days.

This will continue.

Dagangan ditutup secara manual

I'd be taking profits here. See my new post on Gold.

SkyTrees

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SkyTrees