xagusd SILVER.
Updated
hello everyone.
Today i will share with you my idea on silver (also similar for gold as they both move mostly together).
I have seen few ideas saying short gold and silver NOW which is somewhat I disagreed with. Above is what I see from the chart, price is about to approach a very strong Fibonacci level 61.8.
If you are alreay in the trade, congratz. Otherwise, my recommendation is either stay side line, or looking for buy opportunity with tight stop loss.
I personally think this is not the time for selling yet. At least until 4 hours give us a proper selling signal.
Good luck to everyone.
Please do your own analysis before trading. This is educational ideas
Today i will share with you my idea on silver (also similar for gold as they both move mostly together).
I have seen few ideas saying short gold and silver NOW which is somewhat I disagreed with. Above is what I see from the chart, price is about to approach a very strong Fibonacci level 61.8.
If you are alreay in the trade, congratz. Otherwise, my recommendation is either stay side line, or looking for buy opportunity with tight stop loss.
I personally think this is not the time for selling yet. At least until 4 hours give us a proper selling signal.
Good luck to everyone.
Please do your own analysis before trading. This is educational ideas
Comment
Look at 15 minutes time frame. There is an ascending triangle.Comment
Price is now look bearish in 4h timeframe. This idea is invalid now.
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