Hey fellow degens ๐ฆ โ just timestamped charts &levels. No hype, no astrology.
Let’s look at 2 consecutive weeks of receipts. ๐
๐ WHAT I CALLED LAST WEEK (:https://www.reddit.com/r/Wallstreetsilver/comments/1t0z1d0/called_it_wednesday_gsr_to_reject_above_64_dxy/)
$78.50 (50 DMA) โ main resistance to turn fully bullish $80-82 psychological ceiling needs a clean break GSR continued compression toward 60 and below DXY needs to stay below 98.30 to keep metals bid
โ WHAT HAPPENED:
$78.50 (~50DMA) broken clean โ Silver ran to $81-82 โ GSR compressed to 58.88, broke 60 โ DXY holding below 98>>> closed 97.8 โ
๐ฏ THE BIGGER PICTURE:
We held $75-76, two weeks ago when everyone was calling for $62-65…
Triangle broke up. Dollar rolled over. Silver responded immediately.
This is not a dead cat, dont think so. This is looking like a structural breakout with confluence across GSR, DXY and price action simultaneously.
๐ NEXT TARGETS:
Silver: First resistance $83.25 (HOW) >>> $85 first target then possibly we have $92-94 GSR: compression toward 56/55 โ would be bull signal DXY: must hold below 98 to keep metals bid 4hr chart: needs clean close above $83-84
Full TA breakdown in 40 sec. with charts in this week’s video: ๐ https://youtu.be/afJC7ocYRoo
Two weeks, every level… ๐ฏ
Not financial advice. Stack responsibly.
submitted by /u/PoetOfLight
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