{"id":150380,"date":"2019-06-27T07:00:25","date_gmt":"2019-06-27T11:00:25","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150380"},"modified":"2019-06-26T19:41:40","modified_gmt":"2019-06-26T23:41:40","slug":"silver-will-pause-before-going-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/silver-will-pause-before-going-higher\/","title":{"rendered":"Silver Will Pause Before Going Higher"},"content":{"rendered":"
June 27, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.\u00a0 Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend.<\/p>\n

We believe Silver, to be one of the absolute best potential trades and investment. It will likely pause just below $15.75, near the First Resistance level, rotate a bit lower (possibly towards $15.15), then attempt another rally towards the $16.50 level.<\/p>\n

Daily Silver Chart Analysis<\/h3>\n

The $15.60 to $15.75 resistance level can be seen on this chart by our RED highlighted price peaks. Additionally, the upper RESISTANCE ZONE between $16.15 and $16.78 is a big range that has historically been a key price channel.<\/p>\n

My cycle and trend trading indicators<\/strong> are suggesting this move is far from over, yet we believe this move upward will happen in advancement legs and this first leg is nearing exhaustion.\u00a0 This is why we are issuing this warning to all investors right now.\u00a0 We believe a downward price rotation, a stalling price pattern, will set up where a technical trader will be able to acquire silver below $15.25 again very soon.\u00a0 The next leg higher may start fairly quickly as we don\u2019t expect this rotation to extend out for many weeks.<\/p>\n

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See Our Previous Silver Breakout Prediction Call on June 7th<\/strong><\/a><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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Monthly Silver Chart<\/h3>\n

This Monthly Silver chart with our proprietary Fibonacci price modeling system suggests upside targets of $17.00 (CYAN), $17.65 (GREEN), and $18.50 (DARK RED).\u00a0 Our RESISTANCE ZONE level on the chart, above, aligns perfectly with these objectives because the price would first have to rally into the RESISTANCE ZONE and break through this level to push to any higher target levels.<\/p>\n

Therefore, we believe this upside price move won\u2019t run into any solid resistance until reaching above the $16.30 level and possibly as high as the $16.75 to $17.00 level.\u00a0 At that point, the price of Silver should find real resistance, stall, and set up for the next breakout move higher.<\/p>\n

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At this point, if you have not been following our research and analysis of the precious metals sector and already positioned your trades for this move, you should get another chance to set up some long trades as this downside price rotation takes place.\u00a0 Remember, wait for silver to fall close to or below $15.25 before targeting your new trade entry.\u00a0 This bottom in silver may only last for a few short trading periods, so when it happens, be ready with your orders.<\/p>\n

CONCLUDING THOUGHTS:<\/h3>\n

The next upside leg in Silver should rally for a total of about +6% to +10% targeting the $16.25 to $17.00 price level \u2013 the RESISTANCE ZONE.\u00a0 After that price level is reached and price consolidates to likely form another momentum base, another upside price leg should push the price of Silver towards our Monthly Fibonacci price targets<\/a> \u2013 somewhere towards $18.00 to $18.50 before stalling again. !<\/p>\n

I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. A gentleman by the name of Brad Matheny goes into great detail with his simple to understand charts and guide about this. His financial market research is one of a kind and a real eye-opener. PDF guide:\u00a02020 Cycles \u2013 The Greatest Opportunity Of Your Lifetime<\/strong><\/a><\/p>\n

As a technical analysis and trader since 1997, I have been through a few bull\/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive\/life-changing if handled properly.<\/p>\n

I urge you visit my\u00a0Wealth Building Newsletter<\/strong>\u00a0and if you like what I offer, join me with the 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next set of crisis\u2019.<\/p>\n

Chris Vermeulen
\nTheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place.\u00a0 Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend. We believe Silver, to be one of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-150380","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=150380"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150380\/revisions"}],"predecessor-version":[{"id":150381,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150380\/revisions\/150381"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}