Daytrader21的博客

Avatar

I called the Bottom in Silver

Hi,I was just looking through my old blogs and I found my Silver analysis made in July 2015 and calling for the Silver bottom. Unfortunately it wouldn't let me go deeper through my blog post history as July 2015 is the last visible month as my intention was to write about GBP/USD and some of my old analysis on this pair where I literally was calling for the crash of the Pound long before Brexit to happen.
I'm referring to this blog post: …
阅读全文
翻译为 英语 显示原始
留言
Avatar

Silver Poised for Another Major Low

Silver bearish trend that started in 2011 is still well mature and running without any clear sights that it may end any time soon and in this regard we should expect for the trend to remain in place and resume to the downside. This bearish cycle has lasted almost 4 years and based on my experience we need to have a final "flush" at the lows before the bottom may be considered in place in this regard I'm still expecting one final leg to the downside in order to consider completed this cycle.
M
阅读全文
翻译为 英语 显示原始
Daytrader21 avatar
Daytrader21 22 11月

Update 1: Silver seems poised to make a false breakout in the short-term time frame below 13.90 and even lower but eventually a reaction higher should happen in the coming weeks. We're still trading within a very narrow range between 14.50 resistance and 14.00 support level.

Daytrader21 avatar
Daytrader21 29 11月

Update 2: We did broke below 13.90 but it was a false breakout and right now we're still back inside the range we need a break and a daily close on each side in order to have more confirmation on which side it want to go. I favor a break of current resistance at 14.40 and a retest of the big psychological number 15.00

Daytrader21 avatar
Daytrader21 14 12月

Update 3: We already hit our target but we had a strong sell of from there and now we made new lows below 13.90. We're still moving inside a tight consolidation and there is scope for more range activity around the 14.00 big round number since we're still during the holiday period in which we have a strong seasonal pattern.

Daytrader21 avatar
Daytrader21 20 12月

Update 4: Silver is still moving inside a range between 14.60 resistance level and 13.60 support level. Right now we can see another test of the upper limit of this current range. We have to keep in mind that during this time of the year the market will move less.

Daytrader21 avatar
Daytrader21 27 12月

Update 5: The momentum from these final two weeks of trading has pushed back up the price to my target and as per my expectation we should see Silver trading between 14.50 resistance levels and 14.20 support level. Current trading environment and taking in consideration the seasonal pattern we should see further ranging conditions

留言
Avatar

Silver Broken Trendline

Silver bearish trend may have ended once we broke the trendline that connects the 2011 highs and all the intermediate highs of this bearish trend. This bearish cycle has lasted almost 4 years and based on my experience any new major trend starts with a trendline breakout of previous trend. We already broke to the upside of the trendline that connects the highs of this bearish trend at beginning of the year(see Figure 1), and not only that but we had a successful retest of th…
阅读全文
翻译为 英语 显示原始
Daytrader21 avatar

Update 1: Silver broke to new lows and it's fading below 14.00. We're still moving in consolidation and I'm not expecting a running market. A retest of the current top range at above 15.60 is in cards. First level of resistance stands at 14.70 which is also a pivot point a break and a close above it should see further upside

Daytrader21 avatar

Update 2: After a false break below key support level 14.27 and previous major swing low point we managed to get back inside the big range. In the short-term there is scope for another retest of the big figure 15.00 before to see another attempt to break current resistance at 15.55.

Daytrader21 avatar

Update 3: As expected we broke above the 15.00 big psychological number and managed to find resistance at 15.50. Right now we're trapped inside this tow levels, but current price structure still favors a break to the upside.

Daytrader21 avatar
Daytrader21 15 10月

Update 4: As expect over the past few days Silver has had an impressive rally and it already reached my target and beyond. Right now the current range in play is between 15.60 which should act as support and on the upside we have 16.30 which is a big pivot level.

留言
Avatar

Silver Broken Trendline

Silver bearish trend may have ended once we broke the trendline that connects the 2011 highs and all the intermediate highs of this bearish trend. This bearish cycle has lasted almost 4 years and based on my experience any new major trend starts with a trendline breakout of previous trend. We already broke to the upside of the trendline that connects the highs of this bearish trend at beginning of the year(see Figure 1), and not only that but we had a successful retest of th…
阅读全文
翻译为 英语 显示原始
Daytrader21 avatar

Update 1: It seems that now the 17.20 previous resistance level once broke it's acting as support and the momentum is starting to build up for the next up leg. Until than we should see further accumulation between 17.20-50 level.

Daytrader21 avatar

Update 2: As expected silver is now retesting the previous broken resistance at which is now new support. The 17.00 round number is acting as expected and the market is already inside a small range between 16.85-17.30 with the round number being a central pivot.

Daytrader21 avatar

Update 3: Even though we broke back inside the range this may be just a pullback. Right now we're below the key support level 17.00 at the next support level 16.50 which should act as support next week. We'll need a break and a close above 17.00 next week in order for the bullish momentum to come back

留言
Avatar

Silver First target Hit. Gold heading towards $900

Silver and gold have been on tears this week and it comes as no surprise here as the Fed finally has put an end to the almighty QE program. Silver has been hitting my first target of $16.66 projected by the October 2011-April 2013 rectangle pattern (see Figure 1). You can check out my last article about silver through my blog history.
Figure 1. Silver Weekly Chart

It is no surprise that after Silver broke last month key support level of $18.20 it was just a matter of time for gold to follow suit…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Gold Price Action Reminiscence of 2013


If you haven't seen up until now my last update on Silver I strongly suggest to check it out here: Metals Outlook. Silver Leading The Way Down because that's key to understand why gold is going to follow silver and break lower.
In my last update about gold, and you can check that blog post here:Gold Double Inverted H&S Bottom? I was arguing that on the daily chart we may be developing an inverted H&S pattern which was never confirmed as we need a break of the neck-line. Howe…
阅读全文
翻译为 英语 显示原始
VictoriaVika avatar

Fell down each single day here, in my country... Gold price suppression is undertaken through naked shorting of the metal by bullion banks?

留言
Avatar

Metals Outlook. Silver Leading The Way Down

If last week was all about the FX move, this week the metals are going to be on the front page. With silver breaking key support level at $18.20 this marks the stage for further downside movements. Silver was developing and completed an descending triangle over the last 1.2 years. I've been speaking about this developments in the silver market more than 5 months ago, making the case for a break lower, you can find that post in my history blog post.
Figure 1. Silver Weekly Chart

Sin…
阅读全文
翻译为 英语 显示原始
Metal_Mind avatar
Metal_Mind 22 9月

your ability to analyse & your writer skills are top notch...as always.

Daytrader21 avatar

Metal_Mind yoooo bro, thanks:)

JuliaBF avatar
JuliaBF 23 9月

good article)))) well done!

Olga18375 avatar
Olga18375 23 9月

Thank you!! Useful information for me and traders))!

留言
Avatar

Join Today's Webinar with Daytrader21


Hi guys,
In less than 2 hours, 9:00GMT (10:00AM London Time) I'm going to host my webinar: Global Metal Outlook. In this webinar I'm going to examines the metal industry's current trends and opportunities in 2014. with the main focus on Gold and Silver markets. We're going to analyse both the fundamentals and technicals for a better understanding of this market. Here is the link where you can join the webinar: Webinar TV
The reason why I'm doing this webinar is because I won the 1st plac…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Let's talk Silver

In my blog I've only been talking about gold and you can find some of my comments and if you what my view on gold you can read here: Gold - Next Move and here Gold Outlook.
First of all I just want to make it clear this is my long term view on silver and not trying to forecast the next $1-2 move. In this regard I'm going to bring to your attention 2 long term charts to back up my bullish view on silver. First chart represents spot NY silver weekly closing price from January 1975 through April 20…
阅读全文
翻译为 英语 显示原始
Jignesh avatar
Jignesh 16 4月

I thought for sure you'd say that the support was gonna hold and I'm thinking wow that's the first time our view point is different!  I missed my entry in GOLD yesterday by $3. Targeting $1050.  What target do you have for Gold?

Daytrader21 avatar

It's very hard to tell if current bottom level in gold will stay intact or if we're going to have another shake-out of weak hands, but I guess the extreme pain level would be below the psychological $1000 level, where the majority will give up on gold. However I'm only expecting a major move to the upside to start by the end of the year, as I'm expecting the current sell of from September 2011 top to complete a pi cycle of 3.14 years.

Jignesh avatar
Jignesh 16 4月

Initially I expected a breach of 1000 as well.. but I'm making the assumption that there would just be too many buyers at that level.  There's a triangle in play on the Gold chart as well.  At least that's how i'm viewing it.

留言