Gold looking to test the red zone. looking for short term charts to continue creating higher highs and lows
Here is another look at this chart on weekly time frame Very bullish!!!! as long as we dont create another low below the 2016 low it looks like silver against eur will outshine all other metals Still respecting trend line great risk reward geopolitical tensions and economic factor as well as investment hedging should give silver the support it needs to go higher
pullback to 16.73 and up through 17...
confirmation for my second entry based on past analysis EMA 50 Support Bullish 61.8 fibo Counter trendline break for extra confluence Target is 16.300 z0ne which aligns with 61.8 bearish on bigger timeframe
Bullish 38.2 fibonacci 161.8 Target aligns with bigger time frame 61.8 retracement level Counter trendline break and Retest EMA 50 support