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Maybe silver can start to north from that level to continue the uptrend. The last impulse is already corrected to 61.8 Fibo Level. I am not sure, but I am in with a small position.
I would expect a correction like it is shown with the red arrow. Be aware: A further bullish break-out might be possible, too.
The EURTRY might still have some potential to north, but it seems that it is almost "done". The pink area is a chance for selling the EURTRY. I also would not wonder, if we correct right now.
I would expect a move to north like the green arrow. That is all!
I think this is an opportunity for a short. My guess is 70/30 that it works.
I think on the daily chart there is an exhaustion gap and we should see a correction or a top. It does not matter for me what it will be. I expect with a high chance the price in the next few days in the target area (closing gap). I think it is clear that in this rallye there is also a risk in doing so.
I would expect a correction down to 23.6 respective 38.2 (see Profit Target). This is my view for a short chance, but please be careful I am working with small position and careful money management!
There might be a chance for short entries on this level. Maybe we do not have a clear top yet, but there is a chance for it during the next couple days.
Silver is still in correction, but has already dropped more than 61.8% Fibonacci Level and in addition we are at the lower BB(20,2). This should be a typical buy zone (see circle in pink), but there is no guarantee for higher prices. For me it is time to buy. A break out is possible every day. Be aware it is a risky trade!
I think there is a good chance that we see a swing up for Barrick Gold. The price low target might be achieved. The risk is still there that we might see new lows, but I am bullish.