I saw this triangle develop of the 30m chart for Silver.
Price appears to be breaking down from Triangle.
Nota
Price breaking down out of a 1 minute triangle
Nota
Price below key EMA's
Trade attivo
Short:
Hourly trend-line has been broken under price
Nota
Daily Chart:
Price sits well below key moving averages on Daily > 1%
Trade attivo
Continued weakness in the Gold-price
Nota
* Trading is Risky. These are purely my own ideas which you are welcome to incorporate into your own trading. Please don't rely solely on my investment advice or trade setups. Not to be constituted as investment advice in a strict sense.
Nota
The Gold-price has got a 5m & 10m bearish Head 'n' Shoulders
Nota
But there is also a Bullish H&S'a but the neckline is right up there at 2508.
Nota
If price breaks down at this Double bottom... I think there could be a considerable sell-off.
Nota
Here is my triangle on the 30m chart.
I see the long-wick candles that formed early Monday New York time.
Price close to breaking to the downside of the triangle.
Trade attivo
Nota
Short: Stop @ 2501.30
Nota
TP: 2492 - 2494 zone
Nota
Hourly Chart for Gold:
Nota
Price action very slow during New Zealand the past 2 hours. Australia session commenced 20 minutes ago.
Nota
Weakness under 28.50 for Silver
Nota
28.4960
Nota
Silver
Nota
In the end I got them to chase after my tp right down at 28.32
Nota
I placed a stop-loss for the buy-orders under the low price we just had. Silver has shot back up. Gold is struggling a bit. If you bought back in make sure you put a sl under the swing low down there.
Nota
Gold stopped me out. I took quick profit on the silver. The system could move lower. Im taking a good break now. later.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.