An ideal buying position is emerging. In terms of fundamentals, we are in good condition for the growth of gold and silver.
The daily candle on Friday showed that the Fat Fingers are looking to liquidate small traders in support areas.
The chart structure is clearly descending.
I am waiting for more confirmation for the descent.
According to technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
In terms of technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
The technical analysis is for a good buy with a gain of 0.9370 and 0.9520, but the risk of rising oil prices still exists and may cause problems for all currencies opposite the cad.
We are gradually approaching the end of price correction. The best date to end the correction will be October 22nd.
If the price breaks the support area(GREEN HIGH LIGHT), a bearish trigger will be activated.
Given the structure of the waves and the fundamental news, I expect an upward movement.
Bat pattern is possible.
Head and Shoulders pattern is possible.
The price movement has been completely channeled.
It looks like it's ready to go, with a trigger on the H1 time frame.