Your last chance for the most undervalued metal.I said this at the bottom of the head as well. This is probably the lowest we'll ever see silver again. The upside to silver is extreme, even if we only return to the natural ratio in the ground of 1:19 gold to silver. The gold price is around $1760, which means the harmonic price for silver would be $92. Demand for the metal is increasing, while miners are barely covering costs at current prices.
If you look at ratios SILVER/VAW, SILVER/USOIL, SILVER/SPY, SILVER/METAL, etc. you will see that silver is at a historic low. It's my best guess that we will complete the head and shoulders and see much higher prices before the end of 2022.
Enjoy.
Metal
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
GOLD sell confirmationVery clearly on the Weekly time frame, the Gold price is already below the cloud Ichimoku Kinko Hyo (Red), below the Supply Zone and this all indicates a strong decline, coupled with the RSI indicator which shows a decline as well. And my estimate Gold will continue to decline in the medium to long term.
XAUUSDOption 1: As we have visited the buy zone numerous times if it fails we could see a break to the downside.
Option 1: target: We have seen a large buy order come in from institutions so we could move down to hit target
Option 2: Possible head and shoulders setup with a double bottom signalling an up push from the right shoulder.
XAGUSD 2021/08/30 Trade Idea Completed.XAGUSD. Close Your Trades and Take Profit. Here is a quick recap. After formed a double bottom and closed above the neckline, I waited for a pin bar or rejection candlestick to form. Two formed after the initial breakout. The second candlestick pin bar was both a pin bar and engulfing candlestick. So, I had bullish factors for this trade idea. The bullish confluence factors were double bottom, EMA 10 above EMA 20, higher lows, and initial bullish breakout candle stick engulfs previous candles. The breakout candle is huge. The breakout candle high and close price were close together. The upper wick is extremely small for this bullish break out candle.