Technical Reviews for Gold and Silver (March 2018)

[analyst75 12]

GOLD (XAUUSD)

Dominant Bias: Bearish

Gold is a choppy market, though movement has generally been bearish. Last month, price went upward to test the resistance level at 1305.78, before dropping thousands of pips. Any rallies that are seen on Gold would be in the context of a downtrend, and as such, would not invalidate the current bearishness in the market, unless the resistance level at 1300.00 is breached to the upside, which would require exceptionally strong buying pressure. This month, the support levels at 1260.00, 1240.00 and 1220.00 may be reached.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Since Gold and Silver are usually correlated, Silver moved upwards in the first half of October, gaining 9,000 pips. The market reached the high of the month at 17.4594 (October 15), and then began to move southwards, underlining the recent bearishness in the market. This month, any rallies should be taken as opportunities to seek short trades, because the current bearishness in the market cannot be ended until price is able to go above the high of October (17.4594). In November, at least a southwards movement of 6,000 pips is expected.

 

BITCOIN (BTCUSD)

Dominant Bias: Bullish

There is a very strong Bullish Confirmation Pattern on Bitcoin. In October, price reached a low of 4143.64 and a high of 6460.62. Price gained more than 210,000 pips in October, and it started November on a strong bullish note. Another 100,000 pips have been gained this week, as price topped at 7438.49 on November 2, before retracing downwards. Nevertheless a large pullback of 50,000 – 100,000 pips is anticipated this month, after which price would assume its journey to the north. The main target for the month is the distribution territory at 7500.00, although there is a high probability that the main target would be exceeded.

[analyst75 12]

GOLD (XAUUSD)

Dominant Bias: Bearish

Gold is bearish in the short-term, and neutral in the long-term. In the long-term, price consolidated throughout November; but in the short term, the last week of November has been bearish. In the short-term, price has dropped seriously enough to generate a clean bearish bias on the market, and as price goes further southwards, a Bearish Confirmation Pattern would spread across the market. This month, upwards bounces should be temporary, as general movements in this month ought to be bearish. Thus, the current upwards bounce would end in further bearish movement, as price targets the support levels at 1260.00, 1250.00 and 1240.00 in December.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is bearish, both in the short-term and in the long-term. The market essentially consolidated from November 1 to 28, and then dropped massively last week, shedding 8,000 pips from the high of the week (17.1895). There is a Bearish Confirmation Pattern in the market, which shows a possibility of the market journeying more and more towards the south. While there would be transitory indecisions and rallies along the way, price is expected to reach the demand levels at 16.2000, 16.0000 and 15.8000 in December.

 

 

 

Source: http://www.tallinex.com

[analyst75 12]

GOLD (XAUUSD)

Dominant Bias: Bullish

Gold dropped massively in the first half of last month, reaching a low of 1236.21 on December 12, 2017. At that juncture, further bearish movement was rejected, as price went upwards by 7000 pips, ending the month on a strong bullish note. There is a Bullish Confirmation Pattern in the market and further bullish movement is anticipated throughout this month, although that does not rule out possibilities of temporary pullbacks along the way. Overall, Gold is supposed to gain at least, another 2000 pips in January.

 

SILVER (XAGUSD)

Dominant Bias: Bullish

The movement on Silver last month was quite similar to the movement on Gold. Actually, November was flat, but a bearish movement was started in that month, which ran into December (until December 12, reaching a low of 15.6114). After the low of December was reached, the market assumed a strong bullish rally, which held out for the rest of December. Having gained 15,000 pips (before the current shallow bearish retracements), there is a strong bullish bias on the market. This means Silver would continue going upwards this January, reaching resistance levels at 17.2000, 17.5000 and 17.8000. The resistance level at 17.8000 may even be exceeded.

 

 

 

Source: http://www.tallinex.com

[analyst75 12]

GOLD (XAUUSD)

Dominant Bias: Bearish

Gold is bearish in the short-term, and bullish in the long-term. The second half of December 2017 was very bullish, and the bullishness continued last month. On February 2, price dropped sharply, bringing about a short-term bearish signal. In spite of effort to push price upwards on February 5, bears are still able to pull their weight. It is possible that the resistance levels at 1300.00, 1280.00 and 1260.00 would be breached this month. This is something that would bring more emphasis to the short-term bearish signal. On the other hand, a movement above the resistance level at 1350.00 could help cancel the short-term bearishness and put more emphasis on the long-term bullishness in the market.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Just like Gold, Silver was also very bullish in the second half of December 2017. However, the market situation was generally choppy in January 2018. Last week, price began to come down gradually, and that became something significant on February 2, as Silver lost over 6,300 pips that day alone. On Monday, February 5, price bounced upwards in the context of a downtrend, but that has turned out to be a clean sell-shorting opportunities, as price is poised to continue going southwards, due to the Bearish Confirmation Pattern in the market. The demand levels at 16.4000, 16.0000 and 15.6000 could be reached this month.

 

 

Source: http://www.tallinex.com

[zdo 20]

analyst,

 

fwiw... I will start buying PM's in a week or so

I'm using time, not price - so, maybe even at those price levels you mentioned ...

 

zdo

 

ps I would love them to go down... way way down. I'd buy all the way down... as part of moving out of dollars for the rest of my life.

:missy:

 

pps why don't you do a BTC thread? ie how come no one dares even mention cryto's on TL ... except for pro4xtrader... who it seems has never even conceived of a sell signal :rofl:

[analyst75 12]

GOLD (XAUUSD)

Dominant Bias: Bearish

The market has been showing weakness since last week (price dropped more than 1200 pips last week alone). A bullish attempt was made on February 26, but the attempt was later halted as price dived again, laying more emphasis on the recent bearish bias. Price is intent on going further southwards, and there is a possibility that the support levels at 1310.00, 1300.00 and 1290.00 would be tested. These are initial targets that could even be exceeded, when selling pressures on the market increases. The resistance levels at 1340.00, 1350.00 and 1360.00 should hinder meaningful bullish attacks along the way.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is a rough but bearish market. In January, the market consolidated as bulls were making unsuccessful effort to push price upwards. In February, the market went far lower in the first few days of the month, and again, consolidated for the rest of the month. Nothing significant has been done this month, but the general outlook on the market is bearish. A movement below the demand levels at 16.2000, 16.1000 and 16.0000 (which could possibly be exceeded), should make the Bearish Confirmation Pattern in the market become more conspicuous. There are supply levels at 16.7000, 16.8000 and 16.9000.

 

 

Source: http://www.tallinex.com

[analyst75 12]

Technical Reviews for Gold and Silver (April 2018)

 

GOLD (XAUUSD)

Dominant Bias: Neutral   

The market bias is neutral in the long-term and bearish in the short-term. Since February 2018, price has been ranging (whereas December 2017 and January 2018 were bullish). However, going short-term, price dropped sharply in the last week of March, and made a rally attempt on April 3, only to get corrected lower on the following day. Given the current price action, a movement to downside is much more likely than a movement to the upside, when a breakout does occur. There is a strong supply barrier at 1360.00, which has been the major supply zone within the last two months. The demand zones at 1320.00 and 1310.00 would likely be tested this month.

 

 

SILVER (XAGUSD)

Dominant Bias: Neutral

Silver is also neutral in the long-term and bearish in the short-term, just like Gold. Price has been consolidating since February; whereas December 2017 and January 2018 were bullish. In a smaller time horizon, last week was bearish, plus this week, whose bearishness follows an abortive effort to effect a rally. A closer observation of the market behavior in the last several weeks reveals that bulls are getting weaker, and thus, bears would take advantage of this by pushing price lower and lower, towards the support levels at 16.2000, 16.1000 and 16.0000. Should this happen, the precarious Bearish Confirmation Pattern in the market would become stronger. 

 

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (May 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish  

In the first half of April, Gold made some visible bullish attempt. However, price came downwards noticeably in the second half of that month. Generally the market is very choppy… It has been coming down since last week, and May was started on a bearish note. Since there is a Bearish Confirmation Pattern in the market, the resistance levels at 1300.00, 1250.00 and 1200.00 would be reached this week. As the market is quite choppy and volatile, some transitory spikes, rallies and gap-ups could be experienced in May, but bears would win ultimately.

 

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is bearish in the short-term and the medium-term. Just like Gold, it went upwards within roughly the first two weeks of April and then came downwards in the last two weeks of the same month. Over 6,000 pips were shed last week, and this week has already seen a loss of additional 4,500 pips, as price reached a low of 16.0484. There has been a recent temporary upwards bounce in the market (while a Bearish Confirmation Pattern is present in it). The upwards bounce could end up being another opportunity to sell short at slightly higher prices, because price would come downwards in May, reaching the demand level at 16.0000 and possibly exceeding it southwards.

 

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (June 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish  

Gold is bearish in the long-term, and neutral in the short-term. Apart from the noticeable downwards movement in the first half of May, price has not assumed any directional movement so far this week. A rise in volatility will be witnessed in this June, which would most probably favor bears, to corroborate the long-term bearish outlook on the market. The support levels at 1280.00, 1270.00 and 1260.00 may be breached to the downside.  However, the expected southwards breakout may not happen without any challenge from bulls.

 

 

SILVER (XAGUSD)

Dominant Bias: Neutral

Silver has been mostly neutral this year. The ongoing consolidation started in January     and it may continue in June (although this does not rule out any possibility of a maniacal breakout in the month).  This year, price has generally oscillated between the supply level at 17.600 and the demand level at 16.000. As long as price stays within those demand and supply levels, the neutrality of the market will be in place. The more the neutrality continues, the stronger and the more protracted a breakout will be when it does occur. This is not a good market for swing and position traders, but market neutral strategies are ideal right now.

 

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (July 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish  

Gold moved sideways in the beginning of June 2018, until June 14. Since then, price has come down by roughly 6000 pips. July has been bullish so far (in the short-term), but the upwards bounce in the market has paled into insignificance when compared to the overall bearish bias on the market. A movement above the supply level at 1280.00 will threaten the bullish bias; while a movement above the supply zone at 1300.00 will invalidate it. All this upwards movement, however, requires extremely strong bullish momentum to be effective. Therefore, in the absence of any strong bullish momentum, Gold may continue its downwards movement.

 

 

SILVER (XAGUSD)

Dominant Bias: Bearish

There is a Bearish Confirmation Pattern on Silver, which is not as strong as the Bearish Confirmation Pattern on Gold. Following a few months of boring consolidation (February – May, 2018), price rallied in early June, reaching the distribution territory at 17.2000. From there, price moved downwards gradually until the end of June. In the short-term, Silver started July on a bearish note, and then rallied, and then movies sideways. The sideways movement is still in place, but it will soon be ended as price resumes its bearish journey, reaching the accumulation territories at 15.7000, 15.5000, and 15.3000. On the other hand, a strong bullish momentum will challenge this bearish outlook.

 

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (August 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish   

Gold has ended its recent short-term neutrality by dropping 5000 pips in July. In fact, the current dominant bearish bias started on April 11 (following a long period of a boring, choppy market), and price has dropped over 15,000 pips since then, resulting in a Bearish Confirmation Pattern in the market. This month, the bearish movement will continue in spite occasional rallies, which would be transitory in nature and invariably lead to further short selling. The targets for bears are the demand levels of 1200.00, 1150.00 and 1100.00.

 

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is neutral in the short-term, unlike Gold. But it is bearish in the long-term. In the long-term, all previous months have been trendless expect June and July. From the high of June 17.2000, price has come downwards by 20,000 pips. Although things are currently choppy, the situation is expected to be temporary, because there is a possibility the ongoing bearish bias will continue, as price makes for the support levels at 15.2000, 15.0000 and 14.800. This will eventually result in a Bearish Confirmation Pattern in the short-term as well.  

 

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (September 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish   

Gold is a bear market. In August price dipped by over 6000 pips, reaching around the support level of 1160.00 (a support level). From there, price moved upwards by 5000 pips and then moved sideways till the end of the month. All this happened in the context of a downtrend; plus the market has been moving sideways in the last two weeks. A breakout is imminent, and that would happen anytime before the end of September and it would most probably favor bears. Thus price is expected to go downwards by at least 5000 pips from here.

 

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Just like Gold, Silver is also bearish, but its downwards movement is more pronounced than that of Gold. Price dropped roughly 10,000 pips in August alone and it has dropped 32,000 pips since June 14, 2018. Owing to the current Bearish Confirmation Pattern, it is rational to expect further bearish movement (at least another 10,000 pips) in September. 4000 pips have already been lost this month, and after the current consolidation ends, further bearish journey should continue, leading to more shedding of pips.

 

 

Source: www.tallinex.com

[analyst75 12]

Technical Reviews for Gold and Silver (October 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish   

Gold is bearish in the long-term, but bullish in the short-term. Price skyrocket on October 11, thus bringing about a bullish signal in the short-term. In the long-term, Gold would need to continue making its bullish effort before the long-term bias can become bullish as well (provided the market continues going upwards). A movement to the south, would invalidate the short-term bullish signal and strengthen the bears’ position and enable a bearish trend continuation. However, a move to the upside is the most likely.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Silver is neutral in the short-term, and bearish in the long-term. Should the market continue its current consolidating movement, the long-term bias also may become neutral. It is more likely that the current market condition will continue, until the situation changes around the end of November 2018. That means a breakout is more likely to occur, and when it does occur, it would most probably favor bulls. Either there would be a bullish breakout by the end of November, or there would be a continuation of the current short-term consolidation.

 

Source: www.tallinex.com

[analyst75 12]

Technical Reviews for Gold and Silver (November 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bearish   

Gold is bearish is the long-term, but neutral in the short-term. Since April 2018, price has shed 20,000 pips, reaching a yearly low of 1159.00. However, price has been ranging since the yearly low was reached in August, as speculators await breakouts of the price. There have recently been wild upwards and downwards swings, which have not been strong enough to put an end to the ongoing sideways movement in the market.  This is supposed to happen before the end of November and the most probable direction is towards the north.

.

 

SILVER (XAGUSD)

Dominant Bias: Bearish

Exactly like Gold, Silver is also bearish in the long-term and sideways in the short-term. Since the top of April 2018, price has gone downwards by over 30,000 pips, reaching an annual low of 13.0000 in September 2018. Since then, the market has become very choppy with no directional movement. A movement towards the annual low will give emphasis to the ongoing Besrish Confirmation Pattern in the market; otherwise a protracted bullish movement, which goes on for a few days consecutively, will result in a valid bullish signal.

 

Source: www.tallinex.com

 

[analyst75 12]

Technical Reviews for Gold and Silver (December 2018)

 

GOLD (XAUUSD)

Dominant Bias: Bullish   

Gold has been making attempts to go upwards this month. The attempt started on November 13, when price reached the monthly low of 1195.90, and since then, price has gained roughly 5200 pips. This has generated a bullish signal in the market (both in the long-term and the short-term). The bullish signal is supposed to be sustained until the end of the year as price gains another 3000 pips minimum, thereby creating a huge Bullish Confirmation Pattern in the market. Short positions are not currently recommended.

 

SILVER (XAGUSD)

Dominant Bias: Neutral

Unlike Gold, which has had a sensible bullish signal on it, Silver remains neutral, with no directional movement in the last few weeks. In the long run, the neutrality has been in place since August 2018. Although there seems to be some noticeable bullish effort in the short-term, that is not significant enough to result in a bullish signal, unless price goes above the supply zone at 15.0000, which would require some determined buying pressure in the market. While the current consolidation will probably continue for some time, the trend is expected to end before the end of this year, leading to a breakout that will most probably favor bulls.

 

Source: www.tallinex.com