Silver is cheap as chips and so far market has chosen to bump up the price.
Gold is still in my bearish zone but since precious metals have had a bullish week I'm going to remain bearish until I see a break of 22 on Silver or 1900 on Gold.
If silver can stay above this purple zone and retest then further bull.
If silver falls below this zone and retest then trend has turned bearish.
Gold will move first and silver shall follow.
Hi friends on the weekly chart we can see how a retracement up to the trendline indicated on the chart is possible. We are likely to see this scenario at the weekend.
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After its attempt to push higher it looks like silver has lost momentum and is now retreating.
First target 21.755.
Second 20.500.
Trade at your own risk!
So after such a performance from Silver I wouldn't be surprised if there was sideways movement from here.
Looking for a simple test of previous high $$
XAGEUR has made a double bottom which broke throu my trendline, + it’s also in a ascending trend so therefore the only way is Up📈
Also when you trade it, also trade XAGUSD as well, they basically going the same route!
Btw look at that star ⭐️
Analysis for the 15M chart:
After a trading range, the bulls are starting to push the market high creating a great opportunity for a buy signal.
I don' t see any reason to go short at this moment.
Hi all,
Price has consolidated and potentially trend higher.
As usual, please take profit 1:1 and scale out with trailing stop.
Regards,
Pcube
The market is full of false expectation, lets not be one of them.
