Short

15M bounce recently Gold Silver. Bears moving in. Trend down

Updated

https://www.tradingview.com/x/Q9gieNxV/

I said on Friday I thought a deeper correction in Gold may happen, because, Gold and Silver price both sold-off moderately on Friday but their price closed at the bottom of a tight zone and their price made absolutely zero attempt to return to higher prices. Smart money was not buying and the same theme is happening today.

Crypto, USD$ have been rallying lately together, but Gold is being cutdown, watch out for a huge move down similar to the couple of corrections of around 15% earlier in 2024.

Please take a look at the Daily and Weekly chart.

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* I was slow to short because my moronic broker eightcap were doing tradingview maintenance at peak time. I was locked out of my account and the only alternative is mt4 or mt5 which i cant stand.

I went short on silver at 31.2650
Stop Loss: 31.5580 (plenty of wriggle room) They will try and stop hunt
TP: 30.40

Note

I shorted Gold at 4039
Stop Loss 4062

Note

The above is Aussie Gold.

Note

Here is what I wrote last Friday at the end of the New York session.
I became very suspicious as to why Gold and Silver closed at the bottom of a tight range in their trading on Friday after the initial sell-off. What I am getting at here is that Gold/Silver almost always try to capture a higher price close to the session high as possible, but it did not happen, no buyers stepped in and I believe that the gold inner-circle knew it was at the start of a deeper correction for Gold/Silver.

Silver Chart below - I could be wrong or seriously right.

Easy_Explosive_Trading

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