Hello wankers and Shilas.
Silver is bullish just as i told you from my previous idea. now, 12th October, 2020 let the rookies go long since the only go long when they see green candles and go short when they are red.
For professional traders, go short to trade the pull back but use risk management because the daily chart has just confirmed a 100% short term...
This Mexican metal is bullish. I don't understand why anyone would be selling it:
Here are are the facts:
1. The weekly chart has formed a bullish candlestick near the end of the trading week at a pivot point
2. The lower time frames, H4 and H1 are making Higher highs and Higher lows.
3. The Higher time frames, monthly and weekly are sufficiently retraced.
Gold has broken a strong resistance at the 1484 - 1480 area with a very strong and confident bearish candle. Of course we want to head higher for the 1600's area but before we do, I don't this the bears are done until we touch the major area of support at the 1365 area. If this right, then we should see this metal make normal consolidations under the 1484 - 1480...