Silver looks like to be continuing going down. The big banks probably need to buy some more physical Silver, so they are pushing the price down in the paper / futures market. I will probably buy some physical silver as well. But as a trader I will short it. Most retail traders are bullish, which is a good indication we will go lower.
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-26 XAUUSD Short With trend Down Horizontal Resistance Indicision break
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-26 XAUUSD Short With trend Down Horizontal Resistance Indicision break
Note
Moved stop to break even
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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.