Hey fellow degens π¦ β just timestamped charts and levels. No hype, no astrology.
3rd consecutive weeks of receipts.
π WHAT I CALLED LAST WEEK: https://www.reddit.com/r/Wallstreetsilver/comments/1t7kdrr/2nd_week_in_a_rowevery_level_hit_perfectly_gsr_60/
Silver $83.25 first resistance β $85 first target β $92-94 next GSR compression toward 56/55 = bull signal DXY must hold below 98 to keep metals bid 4hr chart needs clean close above $83-84 β WHAT HAPPENED: Silver broke $85 β ran to $87.245, teasing $88 C&H breakout β GSR crushed to 54.36 β called rejection at 62/64 weeks ago π DXY rejecting 98.30 β been screaming this level since April β Bull flag confirmed, bounced H&S at open, turned bullish β Gold hit $4,723/$4,725 resistance exactly as called this morning β
π THE BIGGER PICTURE:
We held $75-76 when everyone was calling $62-65. Triangle broke up. Dollar rolled over. Silver responded immediately. GSR at 54 β called this compression from 62/64 weeks ago.
Two words: structural breakout. Confluence across price action, GSR, and DXY simultaneously. This is not a dead cat. π
π NEXT TARGETS:
Silver: Bull flag targeting $88 break β $90-92 area next π Gold: IHS forming at $4,723 β consolidate β follow silver to $4,750/$4,800 π― GSR: Compression continuing toward 50/48 β when that breaks it’s game on DXY: Break below 98.20/98 β silver $90/$92/$94 targets activated GLD ETF: 434.50/437/438.50 targets in play π SUMMARY:
Three weeks. Every level hit. Silver leading. GSR collapsing. Dollar rolling over.
The next leg up will be glorious. π
Not financial advice. Just a kid with charts. 40 sec video TA:https://www.youtube.com/watch?v=afJC7ocYRoo
**EDIT: I must warn you of a double top/batman bearish scenario I had>>>will post in comment:
submitted by /u/PoetOfLight
[link] [comments]

Leave a Reply