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Silver

There is a trading opportunity to buy in silverMidterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (14.650) Ending of entry zone (14.400) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI resistance #1 at 44 is not broken, the probability of price increase would be too low. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 33. Take Profits: TP1 = @15.000 TP2 = @15.250 TP3 = @15.600 TP4 = @15.900 TP5 = @16.200 TP6 = @16.550 TP7 = @16.850 TP8 = @17.200 TP9 = @17.700 TP10 = @18.100 TP11 = @21.000 TP12 = @22.000 TP13 = @25.100 TP14 = @28.350 TP15 = @33.300 TP16 = @37.500 TP17 = @44.200 TP18 = @49.800 TP19 = Free
FOREXCOM:XAGUSDLong
by ForecastCity
Just the Beginning OUR CURRENT POSITION GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385 SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed) At the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward The precious metals market reversed and declined just as we had been expecting it to,and our current year's profit from our short position further increased but it seems that this is just the beginning,Today's idea will be rather short as our previous thoughts on precious metals sector is well up-to-date Gold miners moved visibly lower yesterday and it seems that this fact confirms that the pattern remains intact. The implications continue to be bearish
FX_IDC:XAUUSDShort
by NeerajPandey