Why silver needs to break 29.80 today Wednesday 21st August

21 ago 2024

https://www.tradingview.com/x/P9ItkEY4/

The Gold price has recovered well today. See my analysis on Gold on my other thread.

I need to see Silver continue to rally above 29.80 and take out the right shoulders on bearish H & S's patterns on the 5m, 15m, 30m and 60 minutes charts.

I do see bullishness for Silver as the Gold price recently showed strength thanks to a bullish H & S's on the 1m, 2m and 3m.

Cheers,

Chris

* Please don't rely solely on my investment advice. Learn as much as you can.

21 ago 2024

Trade attivo

See my post yesterday on Silver. There is also Stochastic Daily Negative Divergence on XAGUSD.
I am very long silver... I need to see it really push upwards and catch up to the gold price.. just say'n'.

21 ago 2024

Trade attivo

Long Silver:
There were some bearish H&S's on multiple timeframes earlier. We still need to take out 29.80 to get rid of the right shoulder on the 1hr.

21 ago 2024

Trade chiuso manualmente

I sold out a bit soon from silver today, I was worried about bearish Heads n Shoulders scattered on all the timeframes.... but it rallied strongly.
Just be aware the USDX $ has turned around bullish for the next little while.