{quote} Update : Signal 38-2024 hit TP {image} {image}
- #36,665
- Jul 31, 2024 6:23am Jul 31, 2024 6:23am
- Joined Jul 2024 | Status: Trader | 1,278 Posts
Greetings! 
Since there is no forum specifically for the Silver I will just write about it here until I get the permission to create Silver Only forum.
As far as the analysis...
Silver according to the analysis should peak today at around 28.70$. Today is the Fed which everyone is already aware of. Analysis suggests that the price of Silver will be going lower today and if you ask me it'll happen during the Press Conference. Price in question is around 26$. If, however we do not witness today the price that is mentioned, then the target for the next month seems to be at around 26.65$.
I have Sold around 28.60$ and am expecting a nice profit later today.
Alternative scenario would the case that the price will head up which at the moment I am giving around 10% chance of happening. Then, we would be looking at 29.35$ as a potential target for the price of the Silver today.
Outlook: Extremely Bearish
Since there is no forum specifically for the Silver I will just write about it here until I get the permission to create Silver Only forum.
As far as the analysis...
Silver according to the analysis should peak today at around 28.70$. Today is the Fed which everyone is already aware of. Analysis suggests that the price of Silver will be going lower today and if you ask me it'll happen during the Press Conference. Price in question is around 26$. If, however we do not witness today the price that is mentioned, then the target for the next month seems to be at around 26.65$.
I have Sold around 28.60$ and am expecting a nice profit later today.
Alternative scenario would the case that the price will head up which at the moment I am giving around 10% chance of happening. Then, we would be looking at 29.35$ as a potential target for the price of the Silver today.
Outlook: Extremely Bearish
- #36,666
- Jul 31, 2024 7:08am Jul 31, 2024 7:08am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
How to succeed in zero sum game?
- #36,670
- Jul 31, 2024 7:44am Jul 31, 2024 7:44am
{quote} It's going to 2500 in these days , And after that will come down around 2039
Anyways, after three spikes like this on the weekly, mainly, people with no clue or bad intentions will call for long trades.
ma ma make me happy
- #36,674
- Jul 31, 2024 7:58am Jul 31, 2024 7:58am
{quote} lol, traders with a different viewpoint then yours have bad intentions. grow up man.
That's just my opinion, you don't have to agree with me or respect it.
ma ma make me happy
- #36,675
- Jul 31, 2024 8:04am Jul 31, 2024 8:04am
{quote} Have fun bro, bet the farm and all your cows on longs if you like
First you learn to respect others opinion. Don't show your upbringing here.
- #36,676
- Jul 31, 2024 8:17am Jul 31, 2024 8:17am
{quote} I respect everyone's opinion. It's you who said shit about the people who are long. First you learn to respect others opinion. Don't show your upbringing here.
Enjoy your day.
ma ma make me happy
- #36,677
- Jul 31, 2024 8:20am Jul 31, 2024 8:20am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
GOLD my final TP is at 2443 (ceiling & FVG Inversion) Trend trading can be hard sometimes, while swing trading using intraday setup to position for the swing, not only it increases probability to win but also magnifies the risk reward by multiple fold.
Possibilty for price to unfold tonight. Not going to sell but position for more buys.
Typical "buy the rumor sell the fact" FOMC.
If that ceiling do not hold, saw a post we are going to 2700-2800.
I second to it.
Goldman Sachs still saying, gold will reach $2600
More time in the market, does not mean you trade better!
- #36,678
- Jul 31, 2024 8:21am Jul 31, 2024 8:21am
{quote} You have a serious mental issue if you respect every opinion. I wish mercy on your soul
- #36,679
- Jul 31, 2024 8:24am Jul 31, 2024 8:24am
- Joined Jan 2018 | Status: Trader | 17,302 Posts
{quote} Have fun bro, bet the farm and all your cows on longs if you like
today the time until the
USA - Fed interest rate decision