Cup & Handle
Good day folks,
Looks like silver is making a cup and handle pattern. I'm a buyer here and will hold for a few weeks (maybe months) unless it is clearly unable to breakout. Anyway, a nice addition to any portfolio imo.
Have a nice day!
Looks like silver is making a cup and handle pattern. I'm a buyer here and will hold for a few weeks (maybe months) unless it is clearly unable to breakout. Anyway, a nice addition to any portfolio imo.
Have a nice day!
Note
I like the setup here with the previous green daily candle pushing for a breakout. A close above resistance at 1391 would be optimal to further upside. People are buying on news that central banks are pilling up on precious metal (so do I), here is the link: seekingalpha.com/news/3404109-central-bank-gold-buying-hits-highest-since-2015-world-gold-council-says
Have a nice weekend,
Trade closed: stop reached
Definitely not good. Potentially going even lower.
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