I rarely publish ideas about gold, and this is the first time I am writing about silver. This is not about where to buy or sell. Idea is about the structure of the price action.
Both gold and silver is forming a rounding bottom pattern. If it gives a breakout right away, then sustaining above these levels are crucial.
For gold, 4378 - 4382 and for silver, 55.45 - 55.55.
Rounding bottom low is at 3886 for gold, and even if there is a big fall, it should not go below 3876 - 3884 to be bullish.
For silver 44.50 - 45.50 should hold.
Since the price has given a strong trending movement already, give it some time to have a pullback, to find support, before taking any entry for investment.
We can expect silver to test 65 to 66 and gold to test 4700 - 4800 in 2 to 3 years.
Always do your analysis before taking any trade.
Both gold and silver is forming a rounding bottom pattern. If it gives a breakout right away, then sustaining above these levels are crucial.
For gold, 4378 - 4382 and for silver, 55.45 - 55.55.
Rounding bottom low is at 3886 for gold, and even if there is a big fall, it should not go below 3876 - 3884 to be bullish.
For silver 44.50 - 45.50 should hold.
Since the price has given a strong trending movement already, give it some time to have a pullback, to find support, before taking any entry for investment.
We can expect silver to test 65 to 66 and gold to test 4700 - 4800 in 2 to 3 years.
Always do your analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.