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- Ssm replied Jul 24, 2015
I agree. Key point is that support might turn resistance. Friday is normally profit taking.
- Ssm replied Feb 17, 2015
Here we go. Silver leading the way first.
- Ssm replied Feb 17, 2015
image image Weekly chart shows price resisted by a channel. Day chart shows horizontal line of many resistance. Price might be bearish till finding support at 1183. Moving averages supported the view. Therefore, I am of the bearish view. Just my ...
- Ssm replied Dec 18, 2014
For several days, daily candle crosses this level many times but failed to close above this level 1205-1208. As such, my stand are still bearish. Previous short rallies seems to be fake out. Just my opinion.
- Ssm replied Dec 18, 2014
Somehow for the past few days, daily price did not close above the critical S&R level at 1205-1208 level, which I mentioned earlier. Would be interesting to see if it is indeed a reversal or merely just a fake breakout which is common in Gold ...
- Ssm replied Dec 16, 2014
Well. I am still looking at the 1205 S&R to see if the day candle close above or below this level. Nevertheless, the long wick tells you something ...... that the bears are still around and strong.
- Ssm replied Dec 16, 2014
1200 was a round resistance. 1205 was a better S&R line. Lets see if the day candle can close below or above this line.
- Ssm replied Dec 16, 2014
image Just my personal view, technically 1205 served as an important S&R line. Having breached thru this level yesterday, Gold looks set to head lower. A weekly close below this level will confirm the bearish view.
- Ssm replied Apr 25, 2014
Lots of false news coming out of the Ukraine crisis lately. Risky to trade IMO.
- Ssm replied Apr 24, 2014
Most likely fake. Bulls subsided.
- Ssm replied Apr 24, 2014
noise that Russia president is holding an emergency press conference.
- Ssm replied Apr 11, 2014
Sleepy price action. zzzz 1325 seems to be resisted.
- Ssm replied Mar 19, 2014
Twitter reports that Russian forces seize a 2nd Ukraine navy base in Crimea Gold remain bearish and less reactive to Ukraine news now.
- Ssm replied Mar 19, 2014
Gold and Silver remains weak since Monday, wondering what is the cause of it? Fundamentals or technical?
- Ssm replied Mar 18, 2014
"Russian Forces Attack Simferopol Military Unit; 1 Injured, According To Reports" url Is it true? Gold appear to be still bearish.
- Ssm replied Mar 17, 2014
More than 90% voted in Crimea to back reunion with Russia. It seems to be a done deal, but will Russia stop at Crimea or its the start of a greater Russia?
- Ssm replied Mar 7, 2014
Maybe, but that long H4 candle doesn't looks good for the bulls.
- Ssm replied Mar 7, 2014
Whats your long entry? Currently supported at 1330 level, but yet earlier bearish candle doesn't looks too well for bulls. I placed orders at 1355 hoping for a break up but nay.
- Ssm replied Mar 3, 2014
I am surprised that it actually touches 1350 and rejected almost instantly. This indicate that the bulls are weak. Look at the rejection in H4 chart which form a pin bar. Silver having same patterns. If we can close the daily above 1350, we will see ...
- Ssm replied Feb 24, 2014
Relying on overbought or oversold alone to trade is dangerous. I always ask myself this question before I trade, "am I standing in front of a moving train?" Nevertheless, I am hoping for lower levels so that I can add to my positions.