Silver
Silver on the weekly chart is finding support at the $24 AUS level.
We see an trend line holding (.0382 Fib Retracement)
Holding above the 30 EMA line
For a confirmation to buy more we need to see:
A bullish MACD crossover
ADX Green bars and momentum to increase.
Silver this year ran a maximum of 28% (currently 23% since January 2019)
Hey guys welcome back. This week we will be looking at silver. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated.
Currently I have SilverAUD as a long. The reasoning? well call me crazy but last I checked inflation was running ramped. Although it has not hit the market as of yet due to the...
Silver to the Aud 4-hourly, Because of the 28.00 high, -bearish interests.
* Until next time, next year, happy trading.
All our Forex shared set-ups are speculative and not guaranteed, analysis and ideas of a chart belong to Charts34T ; - it is not a market advice. You are both responsible and liable for your own account.
Here is another lovely down trend in play and another cross I am stalking. I'm waiting for a small bearish candle to present itself to me in the cradle zone, then will play a short trade if it's there. I like how the price is nearing in on the previous level of support/resistance. I'd like to see it test that level before bouncing to the downside.
We have...
