Tag: technical analysis

Silver Has Hit The Target And Marked A New One!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Silver has overshot the target set at the $20 mark in my June post leaving the gold in the dust. The AB/CD concept is simple yet effective as it utilizes perpetual Fibonacci ratios.

Ok, that’s done, but what is next? Let’s look at the charts below. I put the monthly chart first to refresh the global outlook for the soaring metal.

Chart 1. Silver Monthly: The Game Just Started!

Monthly Chart of Silver
Chart courtesy of tradingview.com

The metal has finally shot above the black downtrend, which I was talking about in my March update. It was a vital need for silver to break loose from the multi-year grip to stop the drop. Continue reading "Silver Has Hit The Target And Marked A New One!" →

Gold & Silver: First Pullback

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Chart 1. Gold Daily: Second to Win but First to Hold

Gold: Daily Chart
Chart courtesy of tradingview.com

The top metal has was just $4 from reaching the target of $1307 which was set in my March post. It had reached a high of $1303 on May 2nd before it started a one-month long correction anticipated in the same post. The depth of the correction is minimal at 38.2% and is well above the normal retracement area within the 50-78.6% range ($1176-$1101) highlighted in the March post. Continue reading "Gold & Silver: First Pullback" →

Fibonacci Analysis of Two Option Setups

Posted on by The INO.com Team

We break down our two favorite option trades in the market currently using Fibonacci analysis. Biotech is leading the charge lower, while this precious metal could be about to lift off.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Today when I saw that precious metals started to rise after a correction I detected on the charts my favorite pattern called the Bull Flag. This pattern can change the targets depicted in my earlier gold and silver posts, better say enrich them.

Chart 1. Gold Daily: Beyond 1300!

Daily Gold Chart
Chart courtesy of tradingview.com

Gold is in the blue multi-month uptrend. The angle is not as sharp as it was at the start of the year, but it still can take gold to fresh highs. Continue reading "Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!" →

The Dollar Index: Make Or Break?

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


In this post, I would like to offer a global outlook for the gauge of the most financial assets, for the US dollar via its index DXY.

It is important to understand the global trend for the dollar to plan our precious metals strategy. I've included four charts below with different periods of observations and you can judge for yourself what you are after.

Chart 1. Dollar Index Monthly (1985-2016): Looks Bad!

Dollar Index Monthly
Chart courtesy of tradingview.com

On the monthly chart above, we see that the dollar dropped from the 125+ levels, then made a correction to the blue A point at the 121 level. After that, from 2001, we saw another massive sell-off of 51 points down to the 70 level in he notorious 2008. Continue reading "The Dollar Index: Make Or Break?" →