Metal
Analytics update timeHello guys.
We seem to know that gold is out of the downtrend, so we need to look again
There is an uptrend line that fully protects and a strong support that protected it from falling again and continuing the downtrend is likely to keep the price trend up resistance, but the other point is that gold is close to the price record of 20 It is old, we have to wait and see if it will be able to register a new peak or not.
Silver: Turning Point? 🔀🔀🔀We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
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Is the climb continuing?Hello guys
After a climb Sharp formed a descending channel and is now close to the channel ceiling
But does it have the power to break this channel?
Until the downtrend line is not broken, it can not be said with certainty that the climb will continue because we have witnessed strong reactions to the trend line and it has a high credibility and it will not be broken easily and with a new attempt. Let's wait for failure.
For those who do not trade short-term, it is better to wait for the trend line to break and stabilize.
GOLD - trade idea - from 27.04.2021 - active Analysis: Gold was advancing to the upside since our last trade (27.04) and I am waiting for a price action for the price to hit my first target in the upcoming weeks. Once we can manage to clear the zone near the 1850$ level it will open the road to test the second target around the 1960$ level.Bad fundamental news from the worlds large economies or geopolitical/healthcare news can boost up the price momentum.
Trade from 27.04.2021 - ACTIVE
Trade: BUY
Entry: 1780$
1st target: 1850$
2nd target: 1950$
S/L: 1750
Gold: Last Chance! ☠️☠️☠️We have adapted our alternative expectation (42%) as we now believe that if the gold price crosses the support line at $1723, the price will further decline way below $1673. In our primary scenario, however, we believe that the price will turn around soon and move up to land between $1846 and $1871.
Which one is it going to be?
My View on " Sail " For upcomming days Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months.
The stock is also strong fundamentally.
1st target 110
2nd Target 120
Sl 96.50
Waiting to climb for GoldDescription :
It has been in a big downtrend for a long time and its outcome and trend has been negative, but after hitting the bottom of the channel and its important support, it is returning and has formed a small ascending channel in the heart of the big channel, which we expect to Large channel roof to accompany but has a significant resistance that is unlikely to break with one attempt is likely to touch the channel roof after an unsuccessful attempt but if it fails to return to the 2-year trend line It becomes more and then we should expect to touch the channel roof.
🆓Metal/USDT Analysis (21/4) #MTL $MTLMTL is moving up strongly after making a false break under the 4$ zone, and now it has a big change to move up to 5$, 6$ zone or even 9$ in the next few days
📈BUY
-Buy: 3.9-4.1$. SL B
-Buy: 4.9-5.1$ if A. SL B
📉SELL
-Sell: 4.9-5.1$. SL A
-Sell: 5.9-6.1$. SL A
-Sell: 8.6-9.0$. SL A
♻️BACK-UP
-Sell: 3.9-4.1$ if B. SL A
-Buy: 3.4-3.6$ if A. SL B
-Buy: 2.0-2.2$ if A. SL B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Silver: Waiting for the Entry Point ✅✅✅A lot of you have asked us to analyze the silver price, so here it is! We expect the price to rise between $27.045 and $27.825. From there, we believe that the silver price will be moving downwards for a long time, as we expect it to fall under $20. This would be an amazing opportunity to enter on the long side and hold those positions for an extended period. However, there still remains a 35% chance of an early breakout above $30.35.
What would you like us to look at next?
Gold Approaching Demand ZoneAs we analyse gold, we see price is making its way back to the demand zone / level.
at 1733.5 the key level for a reversal of this demand zone pushing us into the first target high of 1755, then target 2 of 1765 if we break 1755.
Will be monitoring for rejections and reversal candles and volume during london and NY session today!