Preferred direction: BUY
Comment: After yet another historical and local record for metals, this market began to correct faster than currency pairs. In silver, in particular, we have recorded a local maximum and are now confidently moving towards the support level of 29.77800. Near this level, we consider long according to scenario №1, taking into account the context. We also do not exclude scenario №2, which involves buying at the 29.00 level. In both cases, we do not consider the target above the level of 31.80, where this correction started.
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Comment: After yet another historical and local record for metals, this market began to correct faster than currency pairs. In silver, in particular, we have recorded a local maximum and are now confidently moving towards the support level of 29.77800. Near this level, we consider long according to scenario №1, taking into account the context. We also do not exclude scenario №2, which involves buying at the 29.00 level. In both cases, we do not consider the target above the level of 31.80, where this correction started.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade active
⚡️New ideas for EURUSD, GOLD and EURAUD⚡️
Trade closed: target reached
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
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.