Silver 30M Triangle - Asia/Oceania Tues 3 Sept. 24

2 Sep

https://www.tradingview.com/x/hEiLnZ2D/

I saw this triangle develop of the 30m chart for Silver.

Price appears to be breaking down from Triangle.

2 Sep

Catatan

Price breaking down out of a 1 minute triangle

2 Sep

Catatan

Price below key EMA's

2 Sep

Trade aktif

Short:
Hourly trend-line has been broken under price

2 Sep

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Daily Chart:
Price sits well below key moving averages on Daily > 1%

2 Sep

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Continued weakness in the Gold-price

2 Sep

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* Trading is Risky. These are purely my own ideas which you are welcome to incorporate into your own trading. Please don't rely solely on my investment advice or trade setups. Not to be constituted as investment advice in a strict sense.

2 Sep

Catatan

The Gold-price has got a 5m & 10m bearish Head 'n' Shoulders

2 Sep

Catatan

But there is also a Bullish H&S'a but the neckline is right up there at 2508.

2 Sep

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If price breaks down at this Double bottom... I think there could be a considerable sell-off.

2 Sep

Catatan

Here is my triangle on the 30m chart.
I see the long-wick candles that formed early Monday New York time.
Price close to breaking to the downside of the triangle.

2 Sep

Trade aktif

2 Sep

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Short: Stop @ 2501.30

2 Sep

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TP: 2492 - 2494 zone

3 Sep

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Hourly Chart for Gold:

3 Sep

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Price action very slow during New Zealand the past 2 hours. Australia session commenced 20 minutes ago.

3 Sep

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Weakness under 28.50 for Silver

3 Sep

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28.4960

3 Sep

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Silver

3 Sep

Catatan

In the end I got them to chase after my tp right down at 28.32

3 Sep

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I placed a stop-loss for the buy-orders under the low price we just had. Silver has shot back up. Gold is struggling a bit. If you bought back in make sure you put a sl under the swing low down there.

3 Sep

Catatan

Gold stopped me out. I took quick profit on the silver. The system could move lower. Im taking a good break now. later.