Silver and Gold have changed technical to bearish.
Silver still shows high LONG for COT data but it did a Choch on 4Hr and producing LL.
I dissect a short potential trade on Silver for 13RR with -2R which is still a net +11RR.
Gold had a nice set up for short due to Liquidity Sweep on the L and retraced to 50% premium and had a Choch on smaller 5/15 min TF.
Target for Short = LL.
Silver = Hit TP
Gold = Still in progress...
Silver still shows high LONG for COT data but it did a Choch on 4Hr and producing LL.
I dissect a short potential trade on Silver for 13RR with -2R which is still a net +11RR.
Gold had a nice set up for short due to Liquidity Sweep on the L and retraced to 50% premium and had a Choch on smaller 5/15 min TF.
Target for Short = LL.
Silver = Hit TP
Gold = Still in progress...
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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.