Gold and Silver: Long term decline 'Time at Mode' analysis
In this chart I describe the multiple time at mode signals and elements we can extract from price action in gold and silver, in monthly scale.
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
It's worth noting that there's a possibility of a long term decline reversal, specially evident in the case of gold, where the 17 bar downtrend on chart has failed. Trying to take long positions from lower timeframes will be a sound strategy going forward.
I'll update this chart once we can confirm that the downtrends have in fact reversed. For the time being, being cautious, one can profit from daily, 3-day and weekly swings without much problem. Excellent activity and results during this 2016 that just began.
Cheers,
Ivan Labrie
Time at Mode FX
Comment:
Seems like we have chances to long gold and silver lower, looking for the entry.
Silver close to 15, gold near 1190, or 1155.
Silver close to 15, gold near 1190, or 1155.
I'm monitoring it closely, finding the right spot to go long will be extremely benefitial.