The pair has declined as expected, but considering the stochastic, turning and low levels, plus elections today, I feel we are on BUY side today. Strategy BUY @ 18.2750-18.3150 and place SL below 18.1750 and take profit @ 18.6350 (for potential spikes).
The pair remains under slight pressure, while the precious metals are holding up a bit. There is plenty of room on downside, and since we are protected @ 18.4650 and 18.5800 estimated, we should be on SELL side for now. Strategy SELL @ 18.3800-18.4350 and place SL above 18.5900 and take profit near 18.1850 for now.
I can fully understand the biz doing very well in the AI space. It is clearly a trend setter, and it has benefited from the market conditions it is in. However, we have moved upwards sharply and I feel may see some corrections in the near term. Strategy SELL @ 1,0850-1,115 and take profit near $ 890 for now. SL according to your entry and risk appetite.
The pair had a nice run higher, and I feel this may come to an end now short-term. Stochastic is high level, and we are above KC and a pullback is likely, if we sum these factors up. Strategy SELL @ 1.7390-1.7445 and taker profit @ 1.7257 for now. SL above 1.7475.
It had a strong climb, and its typical for such speculative products of imagination :) I feel, we may have seen the short-term peak again, and we should move back towards $ 3,250 again. Strategy SELL @ $ 3,750-3,850 and take profit near $ 3,250. SL maybe above $ 3,915.
No change in view. I feel we will see lower levels for the pair, as the stochastic is negative and we do have ample room downside. The wide range we currently are in, is between 18.5750 and 18.0000. GOLD is lower, and think we remain around those levels for coming sessions, and therefore we may see lower levels again for the pair. Strategy SELL @ 18.3500-18.4350...
The pair made further highs and it did not change my overall viewpoint. We are overextended short-term and pullback is expected. Strategy SELL @ 18.4500-18.4900 and take profit around 18.2350 now. SL is up to the risk appetite, but feel @ 18.5950 a possibility, but noting it would still be a SELL up there. Of course we need to be financial management profits...
No change in view. I feel we are on the way to $ 28/oz. as corrective actions are setting in. The stochastic is now negative, but noting we may see a slightly reprieve before the down move continues. Strategy SELL @ 30.90-31.20 and take profit @ $ 28.57 for now. SL depends to risk appetite.
The BUY strategy has paid-off and indeed we move north swiftly due to the precious metals corrective action. In how far this may go, will provide guidance on our pair. My feeling is stochastic is extending far out, but it is possible, we may move little more higher towards 18.35-18.3900 area before a decline may set in again. Strategy SELL @ 18.3650 - 18.3800...
No change in view. We are very overbought for SILVER and one can observe the GOLDSILVER RATIO chart cleary identifying we should see a big drop of the precious metal. I feel we may see test of $ 28.50 area. Strategy SELL @ 31.50-31.85 and place SL above 32.78 and take profit near $ 28.90.
No change of view really. The daily chart (not shown) suggests we may see move back towards 8.5750 again. The 4-houlry is battling moving higher, but coupled with the precious metals recovery down, I would see 18.4350 for 4-houlry possible for now. Strategy BUY @ 18.1650-18.2150 and take profit near 18.3950 for now. SL below 18.0750 I feel.
The GOLDSILVER ratio no boubt is heavy oversold, and very likely will recover back towards 82.00 Strategy BUY @ 76.00-79.00 and take profit near 82.00. SL is I feel not required, is my personal view.
GOLD is starting to create a negative divergence, i.e. higher high and lower high RSI, but not confirmed as yet. It is overbought, and one should expect a return towards $ 2,150 area in the near term. Strategy SELL @ $ 2,400-2,445 and take profit @ $ 2,167. SL I suggest above $ 2,468
I cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes...
It is clear, that one of the metals has to give way. The ratio is extremely low, and suggests that SILVER is reasonably overbought. strategy BUY GOLD and SELL SILVER with the current ratio of 79.80 and take profit near 82.5 ratio.
I have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD. Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00. Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit...
The pattern and GANN support/resistance shows we may have potential of a decline, and adding trading above Keltner, also may support that viewpoint. Strategy SELL @ $ 2,350-2,400 an d place SL above $ 2,435 and profit order @ $ 2,270 for now.
The pair starts feeling heavy, and the chances of lower GOLD price and steady OIL at the lower level,s may push it through the GANN support 0.9020 area. The AO also is negative, helping the strategy work perhaps. Strategy SELL @ 0.9010 - 0.9035 and place SL above 0.9065. Profit order @ 0.8907.