Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining ...
Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time
Talking Points
Timing symmetry at January low
Neckline of potential invers H&S pattern acting as resistance
Long-term Low in Silver?
When analyzing precious metals, I tend to spend most of my time on Gold. My cyclical view in Gold has been that the start of the second quarter and the middle of the fourth quarter would prove important for the yellow metal in 2016. I have been looking for a secondary low of some importance next month, but that is contingent upon the metal encountering a meaningful period of weakness before then. If it continues to rally over the next few weeks, the risk is that we get an “inversion” and put in a decent high late in 1Q/early 2Q.
Looking for real-time positioning data? Find out HERE
I was on vacation last week. Whenever I have some time off I like to look at charts and see if I can find something important that, I may have missed. Boy did I! If I had spent more time looking at the Silver spot charts these past few months I would have discovered a beautiful display of timing symmetry at the low in January as it marked the 50% retracement of the time elapsed between the low in November of 2001 and the high in April of 2011. What makes the reversal that occurred from there so potentially important is that the secondary low in November of 2014 occurred at the 38% retracement in time of that same ten-year advance. Therefore, we have double lows from important long-term timing symmetry. If anything points to a more important bottom, being in place for me it is this type of timing convergence. I now need to see price action further confirm this thinking. I am watching the potential inverse head & shoulders pattern closely on the daily chart. Spot has had a hard time with the neckline of this potential pattern over the past few weeks as it has failed several times there. A close over the neckline at 15.55 and then the October highs around 16.35 would be strong technical evidence that the long-term trend has indeed changed for the metal. In the near-term, my concern lies with the potential cyclical influences from Gold going into the end of the quarter, but only aggressive weakness under 14.15 would start to signal the broader basing view was premature.
What is the #1 mistake most FX traders make? Find out HERE.
--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com
Price & Time covers key technical themes daily and can be delivered to your inbox each morning by joining the distribution list: Price & Time
Talking Points
Timing symmetry at January low
Neckline of potential invers H&S pattern acting as resistance
Long-term Low in Silver?
When analyzing precious metals, I tend to spend most of my time on Gold. My cyclical view in Gold has been that the start of the second quarter and the middle of the fourth quarter would prove important for the yellow metal in 2016. I have been looking for a secondary low of some importance next month, but that is contingent upon the metal encountering a meaningful period of weakness before then. If it continues to rally over the next few weeks, the risk is that we get an “inversion” and put in a decent high late in 1Q/early 2Q.
Looking for real-time positioning data? Find out HERE
I was on vacation last week. Whenever I have some time off I like to look at charts and see if I can find something important that, I may have missed. Boy did I! If I had spent more time looking at the Silver spot charts these past few months I would have discovered a beautiful display of timing symmetry at the low in January as it marked the 50% retracement of the time elapsed between the low in November of 2001 and the high in April of 2011. What makes the reversal that occurred from there so potentially important is that the secondary low in November of 2014 occurred at the 38% retracement in time of that same ten-year advance. Therefore, we have double lows from important long-term timing symmetry. If anything points to a more important bottom, being in place for me it is this type of timing convergence. I now need to see price action further confirm this thinking. I am watching the potential inverse head & shoulders pattern closely on the daily chart. Spot has had a hard time with the neckline of this potential pattern over the past few weeks as it has failed several times there. A close over the neckline at 15.55 and then the October highs around 16.35 would be strong technical evidence that the long-term trend has indeed changed for the metal. In the near-term, my concern lies with the potential cyclical influences from Gold going into the end of the quarter, but only aggressive weakness under 14.15 would start to signal the broader basing view was premature.
What is the #1 mistake most FX traders make? Find out HERE.
--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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