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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.