GOLD Short From Resistance! Sell!
Hello, Traders!
GOLD surged up sharply
On Friday and is already
Retesting the horizontal
Resistance of 3377$
From where we will be
Expecting a local pullback
On Monday as Gold
Is locally overbought
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Commodities
THE KOG REPORT - NFPTHE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
Following on from the FOMC KOG Report which worked quite well, we’ll stick with the same chart and for today suggest caution. It’s the first day of the month and the last day of the weekly candle. The close here for gold is important and will give us further clues to the next few months.
We’ve shared the red boxes and the red box targets are below. There is a key level above 3306-10 which will need to be breached to correct the move back up to the 3330-34 region for the weekly close. However, we now have an undercut low which is potential if there is more aggressive downside to come and that level is sitting around the 3240-50 region which for us may represent an opportunity for a swing low. We’re a bit low and stretched here to short and as we’ve already hit our target for the day so we’ll wait for the extreme levels and if hit and our indicators line up, we may take some scalps. Otherwise, as usual on these events, the ideal trade will come next week.
RED BOXES:
Break above 3290 for 3295, 3306, 3310 and 3320 in extension of the move
Break below 3275 for 3267, 3260, 3255 and 3250 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold’s on a Roller Coaster — and We’re Riding It Down🎢 Gold’s on a Roller Coaster — and We’re Riding It Down 🎢
Gold just snapped up like it saw Trump tweet “TARIFFS ARE BACK” — but the move smells like a knee-jerk algo pump, not real conviction. We just rejected right into a thin-volume imbalance zone and tagged the underside of a long-standing trendline.
📉 Short Setup Locked In:
💥 Entry: 3405
🛑 Stop: 3415
🎯 Target: 3353
💰 R:R ≈ 5:1
🔍 Why I'm In This Trade:
That rip? Total headline panic, not structural strength.
Low volume shelf above, with a massive POC magnet below at 3353.
We tapped the Developing VAH (3414) and got rejected — classic trap setup.
SQZMOM showing the energy is already fizzling. Green flash, no follow-through.
🧠 The Narrative:
Gold’s trying to price in volatility from every angle — Trump talk, tariffs, macro chaos — but under the hood, this pop looks unsustainable. If this is just a liquidity grab, we could see a flush back into the meat of value fast.
Grab your helmets — this roller coaster might just be heading downhill 🎢📉
XAUUSD H4 Update – The Battle Has Moved to 3350
“From deep demand to key supply. The next move is decisive.”
🔸 Sunday Plan Recap
Price was falling aggressively into the HTF demand zone (3265–3240).
The plan anticipated a bounce only if that deep zone held.
Above price, major zones included:
3314 – mid-structure
3330–3345 – supply zone
3368–3380 – final retracement targets
🔸 What Changed?
✅ The deep demand zone worked — H4 CHoCH bullish was confirmed.
✅ Price climbed through 3285 and 3314, confirming a retracement leg.
🔥 Now, price sits at 3349.57, testing the same supply zone marked in Sunday’s plan (3330–3345).
🔸 Current H4 Structure
🔼 Short-term bias = bullish retracement
📍 Price = inside HTF premium zone
📈 EMAs aligned bullish (5/21/50), confirming short-term momentum
💡 RSI = approaching overbought
⚔️ Liquidity above 3355, trapped shorts below 3314
🧠 Today’s Battle Plan (August 1)
🔴 Sell Zone (live) – 3345 to 3355
Price just entered the key H4 supply zone. Watch for rejection signs:
Bearish confirmation needed (e.g. M15/M30 CHoCH or engulfing)
If confirmed → downside targets: 3314 → 3285 → 3265
High RR short only if structure confirms
🔵 Breakout Bullish Case
If 3355 breaks with a clean body + HL at 3340 → bullish continuation active
Next upside target: 3368 → 3380
🧭 Final Thoughts
We’ve reached the exact decision zone from Sunday’s plan.
The market will now reveal: retracement over... or breakout coming?
Patience is key — this is a high RR zone, but only if structure reacts.
💬 Did you catch the move from deep demand? Or waiting for confirmation here at supply?
📈 Share your thoughts in the comments and let’s break it down together.
🔔 Follow for real-time market insights, sniper plans, and structured trading logic you can trust.
❤️ Like if you enjoy clean, actionable updates🚀🚀🚀
🔁 Share with traders who love structure over noise
📉 Price data from Trade Nation feed
MAG Silver – A Pure-Play Winner in the Precious Metals RallyCompany Snapshot:
AMEX:MAG Silver is uniquely positioned as a high-beta play on silver and gold, with nearly all revenue tied to precious metals exposure—making it a standout in the current macro-driven metals bull run.
Key Catalysts:
High Leverage to Silver 🌐
With almost all income derived from silver and gold sales, MAG offers direct upside as investors flock to safe-haven assets amid inflation, rate uncertainty, and geopolitical risk.
Juanicipio Growth Engine ⛏️
Operated by top-tier partner Fresnillo, the Juanicipio project continues to scale efficiently, tapping into new high-grade zones that will further boost output and margins.
Financial Strength 💰
A debt-light balance sheet and healthy cash reserves give MAG financial flexibility, minimizing dilution risk and providing insulation during volatile market cycles.
Investment Outlook:
Bullish Entry Zone: Above $18.00–$19.00
Upside Target: $28.00–$29.00, driven by silver tailwinds, project scalability, and financial discipline.
🥇 MAG Silver stands out as a low-risk, high-reward name for investors seeking direct exposure to silver’s breakout.
#SilverStocks #Gold #MAGSilver #SafeHaven #PreciousMetals #Juanicipio #Fresnillo #CommodityRally #HardAssets #MiningStocks #InflationHedge #Geopolitics #MetalBulls
NFP data is positive, the bullish trend remains unchanged#XAUUSD
The current market, influenced by data such as NFP, remains bullish, even briefly pushing towards the 4H upper limit of 3350, reaching a high near 3354.📈
In the short term, gold still has upward momentum and could even reach the previous high resistance level near 3375.🐂
Currently, gold is undergoing a technical correction and needs to begin a pullback to accumulate more bullish momentum, giving traders who previously missed the opportunity to get on board.🚀
As resistance continues to rise, support below will also rise. 📊If gold retreats below 3335-3315, consider going long.📈
🚀 SELL 3335-3315
🚀 TP 3350-3375
GOLD: Target Is Down! Short!
My dear friends,
Today we will analyse GOLD together☺️
The market is at an inflection zone and price has now reached an area around 3,353.10 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 3,335.20..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
GOLD ROUTE MAP UPDATEHey Everyone,
What a PIPTASTIC finish to the week! 🚀. We tracked the move down with precision durung the week and then rode the momentum right back up.
Yesterday, we confirmed the swing range activation and bounce, and that bullish follow through carried beautifully into today, completing our Bullish Target at 3348. Just perfect execution all around.
BULLISH TARGET
3348 - DONE
BEARISH TARGETS
3328 - DONE
EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET
3305 - DONE
EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE
3289 - DONE
3267 - DONE
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
SILVER: Local Bullish Bias! Long!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 36.920 will confirm the new direction upwards with the target being the next key level of 37.150 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
GOLD falls sharply, fundamental analysis and technical positionOANDA:XAUUSD fell sharply below the $3,300/oz price level as Chairman Jerome Powell did not signal any rate cuts at his next press conference on September 16-17. He only said that “no decision has been made on September” and that “more data will be evaluated in the coming months.” Economic data undermined the case for a rate cut, while geopolitical play remained a potential support.
The Fed and Interest Rates
The Federal Reserve kept interest rates unchanged for a fifth straight meeting on Wednesday, defying persistent pressure from President Donald Trump and White House officials.
However, two members of the central bank's board dissented, a rare move in three decades that underscored growing divisions within the central bank over the impact of Trump's tariff policies.
At the meeting, the Fed kept its benchmark federal funds rate in a range of 4.25% to 4.5%, in line with policy through 2025. Last fall, the Fed cut rates by a total of 100 basis points.
However, Federal Reserve Board Governors Christopher Waller and Michelle Bowman opposed cutting interest rates by another 25 basis points, marking the first time since Alan Greenspan in 1993 that two board members have opposed a majority resolution at a meeting.
At the press conference, Chairman Jerome Powell did not signal a rate cut at the next interest rate meeting on September 16-17, saying only that “no decision has been made about September” and that “more data will be evaluated in the coming months.” Powell also noted that despite Trump’s call for a sharp 3% rate cut to reduce interest costs on US debt and stimulate the housing market, the Fed will continue to monitor the longer-term impact of tariffs on the path of inflation and economic recovery.
Market expectations for a Fed rate cut in September fell to 47% in Powell's speech.
Economic data
ADP jobs data beats expectations and is bearish
US ADP payrolls jumped 104,000 in July, beating market expectations of 75,000 and marking the biggest gain since March. The data showed continued strength in the labor market, reinforcing the Federal Reserve’s stance on keeping interest rates high. Meanwhile, the preliminary estimate of annual GDP growth in the second quarter came in at 3% (2.4% expected), and the core personal consumption expenditures price index rose 2.5% year-on-year (2.3% expected), indicating both economic resilience and inflation stability, further weakening expectations for a rate cut.
Keep an eye on the ISM manufacturing PMI and non-farm payrolls data on August 1. If the jobs numbers continue to be strong, this could reinforce the Fed’s dovish stance.
Geopolitical and Policy Plays
News of a 90-day extension of the US-China tariff deal has eased some safe-haven demand, but Trump’s August 8 deadline for a new Russia-Ukraine deal, coupled with tensions in the Middle East, continue to provide potential support for gold.
Continued purchases by central banks (such as China and India) are a positive signal in the medium to long term, but are unlikely to offset short-term pressure from the Federal Reserve’s policies.
Technical outlook for OANDA:XAUUSD
On the daily chart, gold has been sold below the $3,300 level and now the $3,300 level has become the nearest resistance at present. For now, gold will be limited by the area of the 0.382% Fibonacci retracement with the original price point of $3,300, along with that it has formed a short-term downtrend with the price channel, the next target will be around $3,246 in the short term followed by the Fibonacci retracement level noted with readers in previous publications.
On the momentum front, the Relative Strength Index is operating below 50 and is far from the oversold zone (20-0), indicating that there is still plenty of room for downside ahead.
In addition, the gold trend will also be pressured by the EMA21, as long as gold remains below the EMA21, the current technical conditions continue to favor the downside.
For the day, the technical outlook for gold is bearish with notable positions listed as follows.
Support: 3,246 – 3,228 USD
Resistance: 3,300 USD
SELL XAUUSD PRICE 3345 - 3343⚡️
↠↠ Stop Loss 3349
→Take Profit 1 3337
↨
→Take Profit 2 3331
BUY XAUUSD PRICE 3240 - 3242⚡️
↠↠ Stop Loss 3236
→Take Profit 1 3248
↨
→Take Profit 2 3254
XAU/USD | Next Key Zone: Watch for Rejection at $3334! (READ)By analyzing the gold chart on the 4-hour timeframe, we can see that, just as expected, the price dropped from $3310 to $3288 in the first leg, where it hit a demand zone and bounced up to $3305, delivering a 170-pip rally. The main bearish move from $3333 to $3288 yielded 450 pips, bringing the total return on this analysis to over 620 pips!
In the second phase, gold dropped sharply again to $3268, and once more found demand, currently trading around $3307. If the price holds above $3294, we could expect further upside toward the $3322–$3334 zone. Once gold reaches this area, a strong bearish rejection is likely, with a potential return of 250 to 400 pips.
All key supply and demand levels are marked on the chart — make sure to monitor them closely and study the chart in detail. Hope you’ve made the most of this powerful analysis!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution.
Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again.
From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term.
Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out.
Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
Gold 30Min Engaged ( Buy & Sell Reversal Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bearish Reversal - 3304
🩸Bullish Reversal - 3275
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
Possible Gold Reaction Scenarios to Today's Jobs ReportMarket expectations for today's nonfarm payrolls change to be 104k, with the unemployment rate projected to rise to 4.2% from 4.1%. The divergence between payroll growth and the unemployment rate is mainly due to the birth-death model used in payroll calculations and expectations for either a halt or rebound in the labor force participation rate.
Fed Chair Powell recently stated that the "main number to watch" is the unemployment rate, which raises its importance in today’s data release. If the participation rate rises sharply, the unemployment rate could even increase to 4.3%, which may put a cap on the recent rally in the dollar index.
There is also a risk that a very strong payrolls number could be released alongside a rise in the unemployment rate. This combination may trigger a volatile and uncertain market reaction with multiple direction changes.
In similar past scenarios, markets typically reacted first to the payrolls data, then shifted focus to the unemployment rate shortly after.
For gold, look for 3310 and 3288 as pivot levels that could open the door to 3342 on the bullish case and 3270 on the bearish case.
Gold 30Min Engaged ( Bearish Reversal Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bearish Reversal - 3325
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
Gold Slips After Powell Speech Below 3320 Bearish Pressure BuildGOLD Overview
Market Context:
Gold declined from the 3333 level, as anticipated in yesterday’s analysis, ahead of Fed Chair Powell’s speech. Powell reiterated that it is still too early for rate cuts, citing persistently high inflation, which supported the U.S. dollar and pressured gold.
Technical Outlook:
As long as gold trades below the 3320–3310 zone, the bearish momentum is expected to continue, with the next target at 3285. A confirmed break and stability below 3285 could open the way toward 3255.
To regain bullish traction, the price must stabilize above 3320.
Support Levels: 3285 • 3255
Resistance Levels: 3333 • 3349
The rebound is weak, short orders intervene#XAUUSD
After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊
Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉
📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯
If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡
🚀 SELL 3305-3320
🚀 TP 3290-3270
XAUUSD Gold Trading Strategy August 1, 2025
Yesterday's trading session, gold prices recovered to the 3315 area and then continued to decrease to the 3281 area. Currently, gold prices are fluctuating quite unpredictably due to the impact of tariff news and investor confidence.
Basic news: The Federal Reserve FED continues to maintain the federal funds benchmark interest rate in the range of 4.25% - 4.50%, in line with policy since 2025. Chairman Powell did not give any signal about the next interest rate cut on September 16 - 17.
Technical analysis: After falling sharply to the 3269 area, gold prices are showing signs of recovery. In the current downtrend channel, there has been a higher bottom than the bottom at H1. We can see that if the bullish pattern at H1 is confirmed, combined with the reversal candlestick appearing at H4, the possibility of gold bouncing back to reach the resistance area of 3330, even 3350 is completely possible. In the weekend trading session, we will wait at the support zones to trade.
Important price zones today: 3280 - 3285 and 3269 - 3274.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 3283 - 3285
SL 3280
TP 3288 - 3300 - 3310 - 3330.
Plan 2: BUY XAUSD zone 3269 - 3271
SL 3266
TP 3274 - 3284 - 3300 - 3320.
Wish you a safe, favorable and profitable trading day.🥰🥰🥰🥰🥰
Gold can reach resistance area and then continue to fallHello traders, I want share with you my opinion about Gold. Over an extended period, the price action of Gold has been contained within a large descending triangle, a pattern characterized by a series of lower highs testing a descending resistance line and a relatively flat support base. The major seller zone around the 3415 resistance level has consistently capped upward rebounds, establishing a clear downward pressure on the asset. The most critical recent development has been a decisive breakdown, where the price broke below a key ascending trend line and, more importantly, below the horizontal support at 3310. This structural break has shifted the immediate market dynamics, turning the former support area of 3310 - 3320 into a new ceiling of resistance. The primary working hypothesis is a short scenario based on the principle of a breakdown and retest. It is anticipated that the price will attempt a corrective rally back towards this new resistance area around 3310. A failure to reclaim this level, confirmed by a strong rejection, would validate the breakdown and signal the continuation of the larger downward trend. Therefore, the tp for this next bearish leg is logically placed at the 3240 level. This target represents a significant area of potential support and a measured objective following the resolution of the recent consolidation. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD: Short Trading Opportunity
GOLD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Level - 3299.9
Sl - 3304.2
Tp - 3291.3
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Simple Psychology Tips Using Volume for Better TradingMany newer traders assume that when someone says "psychology" in trading, they are referring to mindset.
It is also widely believed that trading is about the BEST entries.
Now, think of it this way. It is not about winning trades, it is actually about managing losses well to allow you to take the winners over and over again. You might think that a 3 to 1 risk-to-reward strategy is boring, you might have gone all in on your favourite crypto project. But what makes the difference between gambling and trading is actually very, very simple. So simple, in fact, many overlook it or simply ignore it.
Most seek a silver bullet - high win rates and perfectly timed entries, then they overleverage and move stops on the one "good trade" they are seeking to make.
Whilst doing this, they tend to overload the 6 monitors they have purchased to trade with a thousand indicators, which they don't really need.
The candlesticks tell a story, volume supports that story. When you learn any technique from Elliott Waves to Wyckoff, they all have a dependence on volume - even if the correlation is not apparent.
Look at this first image.
Price had moved down since the vertical line, the AD line also moved down - sell-off, in full swing. But then volume starts to shift before the AD line starts to increase.
Now, look at what happens next...
As we move forward and the new vertical line shows where volume spiked, the AD line starts to decrease as the price continues to rise.
This is enough of a story to start your analysis.
We then get a move with a lower high formed.
As this plays out, the sell-side volume rises, creating momentum for the short position.
Look a little closer and you will see, that the volume on the move up just before the drop was also decreasing. Making a divergence to price.
You might feel that the market is against you, or that the big players are single-handedly seeking your stops. But the truth is, the psychology in moves such as this one shown is where most retail traders either have greed that markets will only go up for ever or the fear that they are missing out on a market that only goes up forever.
It is that herd mentality that generates the liquidity for the professionals.
Losing 1% on a trade, is part of the process, risking 80%> on a single move will make you paper rich for about 10 minutes before the real losses set in.
This is where the psychology and the basic techniques such as risk management and understanding what candlesticks and volume bars are telling you, will make a world of difference to your results.
A/D line and volume are free on @TradingView and to be fair you don't need to overcomplicate it more than that!
Stay safe, have a great weekend all!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Silver coiling price action support at 3600The Silver remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3600 – a key level from the previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3600 would confirm ongoing upside momentum, with potential targets at:
3756 – initial resistance
3855 – psychological and structural level
3915 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 3600 would weaken the bullish outlook and suggest deeper downside risk toward:
3544 – minor support
3480 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Silver holds above 3600. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.