In this Weekly Market Forecast, we will analyze the XAGUSD (SILVER) for the week of Feb. 2-6th.
Silver took a -30% dive Friday, upon the nomination of new Fed Chair by Pres. Trump. The market reacted by transferring funds out of the metals and into the USD. But don't be fooled! This was not a reversal, or correction to the parabolic move by Silver. It was an opportunity to get in at a discount for investors!
None of the market conditions that caused the bull run have changed. The up trend was not broken. That's all still in place. Therefore, there is no reason to change the bullish outlook.
For investors, Dollar Cost Averaging is your friend now.
For traders, let the market show you the pullback is over by looking for a bullish break of structure on the HTFs, no less than the Daily TF. Then and only then are buy entries valid.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Silver took a -30% dive Friday, upon the nomination of new Fed Chair by Pres. Trump. The market reacted by transferring funds out of the metals and into the USD. But don't be fooled! This was not a reversal, or correction to the parabolic move by Silver. It was an opportunity to get in at a discount for investors!
None of the market conditions that caused the bull run have changed. The up trend was not broken. That's all still in place. Therefore, there is no reason to change the bullish outlook.
For investors, Dollar Cost Averaging is your friend now.
For traders, let the market show you the pullback is over by looking for a bullish break of structure on the HTFs, no less than the Daily TF. Then and only then are buy entries valid.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Note
May profits be upon you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
May profits be upon you.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.