Simon
@smugtrader.bsky.social
It's true: Charts help to predict the future ~ “Untethered from Gold, the dollar floats on a sea of hope & guesswork”. Nothing here is financial advice 🇬🇧
Silver Monthly updated... Silver has now eaten through the high-Volume areas (see original chart, left side bars). It's not going to take much to progress higher in my view.
These next 2 weeks are going to be extremely interesting.
These next 2 weeks are going to be extremely interesting.
March 16, 2024 at 11:46 AM
Silver Monthly updated... Silver has now eaten through the high-Volume areas (see original chart, left side bars). It's not going to take much to progress higher in my view.
These next 2 weeks are going to be extremely interesting.
These next 2 weeks are going to be extremely interesting.
I cant rationally answer that. But I am of the opinion that Gold is pinned under resistance, has been for 4 years, and has been coiling and building up pressure. This will give when helped by the USD rolling over towards its 3 year low in the summer. The Bollinger Bands are a good indicator of this.
February 25, 2024 at 9:15 PM
I cant rationally answer that. But I am of the opinion that Gold is pinned under resistance, has been for 4 years, and has been coiling and building up pressure. This will give when helped by the USD rolling over towards its 3 year low in the summer. The Bollinger Bands are a good indicator of this.
I wouldn't worry. When Gold & Silver break out there will be a huge move up in miners. It's an ugly chart, but remember Gold's chart 5 yrs ago?
February 20, 2024 at 7:49 AM
I wouldn't worry. When Gold & Silver break out there will be a huge move up in miners. It's an ugly chart, but remember Gold's chart 5 yrs ago?