Silver - Fractal, RSI, MACD all supporting bounce

Updated

While DXY is looking more bearish, Silver and Gold will get some room to breathe after a continuous downtrend past weeks. RSI at the bottom where we have seen two major bounces, MACD 1D is bullish (2D/3D getting ready to turn bull) and the price at a prior accumulation level, so one could enter a trade with a stop-loss below this level to prevent loss while this setup is looking great.

Target and a stop-loss are both in the chart, feel free to comment/like or follow. I'm always open to discuss anything trading-related.
Also, don't forget to check out my signature where you can find more interesting things which I cannot promote here in the description or updates.

Good luck trading! -TheTrex

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Outbreak of small TF redistribution range, we took the range were most was traded and obtained 1.618 and 1.886 target, price should go to here at least.

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Doing pretty well

Note

Silver has completed our target at 14.718! Which I posted in my telegram group, expecting sideways to down for now.

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The downtrend is continuing as planned, 12H MACD crossing bearish here. Expected to retest at least yellow uptrend line, best to wait and buy here.

Note

Woops wrong picture in my clipboard. Here is silver.

TheTrex

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