Hello folks! Finally our long wait of silver bull returning, revisiting week 2 silver analysis. Silver (XAGUSD) Price action is currently resisted at the double bottom neckline (yellow zone) and downward sloping trendline. As OsMA is showing bullish divergence, price action is likely to break pass the yellow zone and downward sloping trendline. Let us be...
Hello folks! Will be doing a Silver analysis today instead since Gump did a gold analysis few days back. Mentioned in my previous post, according to TA I believe that silver will be a better bet than gold. Silver (XAGUSD) With inflation setting in, everything will just get more expensive, except your salary of course. Gold and...
Hello folks! Been getting questions from our readers. Therefore decided to write up this post to answer the queries! Gold (XAUUSD) Is the bull run over? Should I enter now? What is the next target for gold? What do you feel about the current sentiment of gold? These are some of the question I gotten from our readers. Personally, I...
It has been some times since we last update our precious metal section. Gold has been on a slight bearish momentum recently. Overall the trend is still bullish according to the weekly chart. Gold XAUUSD (Weekly) Price has been rising steadily for the past 2 years. Gold prices suffered a drop recently partly due to increase...
This is what I personally feel about the possible movement of the current Gold market. Those who are holding on to long position in Gold might want to take a look at this. GOLD (XAUUSD) Daily Potential Head and Shoulders pattern forming. Price action is currently supported by the upward sloping trendline and green zone. We...
Hello folks! Been doing OT since last week! So far I do not have any trade ideas yet, will be posting if I spotted any. Anyone spotted anything can just tweet us on twitter! Sharing is caring! Right? Cut the story short, let’s go into the analysis of possible Gold movement. GOLD (XAUUSD) Potential double top near resistance zone Personally...
It has been such a long time since I last followed the precious metals. To cut it short, I’m bullish on Gold and pretty uncertain about Silver. XAUUSD H4 (Gold) Euro’s situation improved yet price of Gold still go up. Isn’t it suppose to plunge? Fundamental analysis is really tough. Going to the technicals, green zone is a...
Hello folks! I’m going to write a short post on gold. Finally found something interesting to write for gold. Personally I feel that gold has not bottom yet. Lets take a look at the technical chart of gold. Gold (XAUUSD) H4 Not sure about you guys but it look like a bear flag to me. Gold has...
Last week was pretty much a consolidation week for precious metals. Both Gold and Silver showing similar setup, with Silver taking the first step. Gold (XAUUSD) Still in consolidation Silver (XAGUSD) Silver made the first move by breaking out of the triangle consolidation. We might see further weakness in Silver in the upcoming week. As for Gold, price action...
Gold bull got slaughtered last week, with Gold price dropping more than $250 since hitting historical high of $1920.60. So what caused the price of Gold to fall? Reason being CME raised the margin for holding Gold again. Gold finally “crossed” the line. Let’s see the implications for crossing the line. Gold (XAUUSD) The fall yesterday completed the Double Top...
