Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner.
After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break.
Similar to my approach with Gold, my strategy for Silver is to sell into rallies. A potential first target for this drop is 29.70.
After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break.
Similar to my approach with Gold, my strategy for Silver is to sell into rallies. A potential first target for this drop is 29.70.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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Disclaimer
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
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.