Interesting that gold and silver appear poised to go in different directions with silver looking more like copper. Worth keeping an eye on for sure.
Definitely. The thing is, silver has taken a licking recently and, based on the traditional gold/silver ratio, either gold has to fall (which I'm inclined to think) or silver has to pop back up (which I don't think it will).
Happy trading!
up as i said. here's the text book target. should be more up after a small pullback I think.
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soku wrote:i see a bullish flag with target 1272-1274.5
yep i have the same target.... squeeze coming soon to those that shorted daily pivot..
i see negative divergence and early sign of overbot. 1275-1280 was low volume area which could be res or some kind.
what bothers me is i see abnormal strength in eur/usd. kinda strange volume pattern. i will buy on dip for today.
The goal is not uniformity. It is understanding and idea exchange.
soku wrote:i see a bullish flag with target 1272-1274.5
yep i have the same target.... squeeze coming soon to those that shorted daily pivot..
i see negative divergence and early sign of overbot. 1275-1280 was low volume area which could be res or some kind.
what bothers me is i see abnormal strength in eur/usd. kinda strange volume pattern. i will buy on dip for today.
how could you read volume of currencies..... everytime DX touches 76 it reverses recently.
soku wrote:
i see negative divergence and early sign of overbot. 1275-1280 was low volume area which could be res or some kind.
what bothers me is i see abnormal strength in eur/usd. kinda strange volume pattern. i will buy on dip for today.
apparently middle east countries are buying euro in force today. nobody knows why.. maybe because is creates a weaker dollar and higher oil?