hello everyone.
Today i will share with you my idea on silver (also similar for gold as they both move mostly together).
I have seen few ideas saying short gold and silver NOW which is somewhat I disagreed with. Above is what I see from the chart, price is about to approach a very strong Fibonacci level 61.8.
If you are alreay in the trade, congratz. Otherwise, my recommendation is either stay side line, or looking for buy opportunity with tight stop loss.
I personally think this is not the time for selling yet. At least until 4 hours give us a proper selling signal.
Good luck to everyone.
Please do your own analysis before trading. This is educational ideas
Today i will share with you my idea on silver (also similar for gold as they both move mostly together).
I have seen few ideas saying short gold and silver NOW which is somewhat I disagreed with. Above is what I see from the chart, price is about to approach a very strong Fibonacci level 61.8.
If you are alreay in the trade, congratz. Otherwise, my recommendation is either stay side line, or looking for buy opportunity with tight stop loss.
I personally think this is not the time for selling yet. At least until 4 hours give us a proper selling signal.
Good luck to everyone.
Please do your own analysis before trading. This is educational ideas
Comment:
Look at 15 minutes time frame. There is an ascending triangle.
Comment:
Price is now look bearish in 4h timeframe. This idea is invalid now.