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Crude oil ------- sell around 70.00, targeCrude oil market analysis: Yesterday's crude oil daily line closed with a big positive, is it a buying opportunity? In fact, looking at the pattern, it has been hovering at this position for a long time, and the short-term is basically a snake. If the position of 70.00 is not broken, it is difficult to form a buying opportunity. The idea of ​​crude oil today is still bearish. Continue to sell on the rebound. The previous contract delivery of crude oil has not changed the trend. I think it still needs to fluctuate. Operation suggestion: Crude oil ------- sell around 70.00, target 68.00-66.00
NYMEX:CL1!Short
by BraveTigercat
XAUUSD H! | Bearish ContinuationBased on the H1 chart, the price is rising toward our sell entry level at 3035.38, a pullback resistance. Our take profit is set at 3025.09, a swing low support. The stop loss is set at 3045.33, an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
1
What dangers should we be wary of in the gold bull market?Market news: In the early Asian session on Friday (March 21), the London gold price fluctuated narrowly at a high level and is currently trading around $3,043/ounce. Gold prices fell after hitting a record high earlier on Thursday, but driven by the Federal Reserve's hint of a possible rate cut and continued geopolitical and economic uncertainties, international gold still maintains a bullish outlook. Spot gold hit a record high of $3,057 earlier in the session on Thursday, but later gave up gains due to profit-taking.       Global markets are increasingly concerned about the negative impact of trade frictions, including the weakness of the global economy, the possibility of rising inflation, the escalation of geopolitical tensions, and the Federal Reserve's more hawkish stance than expected. These factors continue to drive gold's bullish trend. The current market is intertwined with long and short forces, geopolitical risks and Federal Reserve policy expectations dominate sentiment, and the technical side shows a high overbought signal. Future trends need to be alert to short-term correction risks.     Since 2025, international gold prices have risen by about 16%, and have maintained a steep upward trend in the first three months of this year. The limited correction suggests that the market is preparing for a larger continuation of the upward trend, as most of the key factors that directly affect gold's performance are expected to remain favorable for the precious metal. There is no important economic data released in the United States this trading day, but the Fed's "No. 3", permanent voting member, and President of the New York Fed Williams will deliver a speech, which investors need to pay close attention to. In addition, investors need to pay attention to news related to the situation in Russia, Ukraine and the Middle East. Technical Review: Gold bottomed out and rebounded in the late trading. After the second drop to 3030, it stabilized at the 3040 mark. The closing line is not an extremely weak pattern, and the structure is still strong. The daily line closed with a negative cross line, which is still a relay pattern in the trend structure. It has not yet broken away from the strong trend bull structure. The callback low-long turns to short-term, and the high-altitude continues to pay attention to the band opportunities. From a technical perspective, especially yesterday's closing of a positive line with a lower shadow, because the short-term moving average did not show weakness after yesterday's market adjustment, but continued to extend upward, especially the 5-day moving average has formed a strong support near 3023. In addition, other periodic indicators still maintain a bullish arrangement, and the golden cross of the macd indicator shows sufficient upward potential! Therefore, on the whole, the high-level shock of the daily line does not mean that the weakness will continue, and the bullish pull-up can still be expected. In the 4-hour chart, since it stabilized above the 3000 mark, gold has maintained a bullish trend and continued to hit new highs. The short-term moving average extends to the 3040-3038 area, which means that the support is still moving up, and as other periodic indicators maintain a bullish arrangement, the Bollinger Bands continue to open upward as a whole, but the MACD indicator currently has a clear top divergence, so the 4-hour chart continues to be bullish, but we must also be wary of the risk of a pullback! Today's analysis: From the current market, as the continuous rise of gold fully demonstrates that short-term bulls are taking the initiative, this will undoubtedly increase the probability of gold prices hitting the 3070-3080 area, but as mentioned above, we also need to be prepared for a false break or a real break in the market. At the end of today's week, since the market is still in the trend bullish structure channel, coupled with yesterday's bottoming and rebounding trend, we need to pay attention to Friday's re-high action. Trading ideas: Intraday pullbacks are low-multiple layouts, and historical highs or new highs are under pressure and then empty layouts are arranged. First look at the 3030-3060 range. For intraday operations, it is recommended to focus on low-long thinking without chasing orders. For the support below, pay attention to the 3030-3032 area. As long as the price can maintain above it, the probability of seeing the 3050-3060 area during the day is very high. On the contrary, if the support is broken, it will most likely test the 3023 area. As for the resistance, pay attention to the 3060 area. It is expected that the possibility of a breakthrough today is very small. However, considering that the current support has moved up, it is recommended to participate in short orders only when the price approaches 3055 for the first time. Operation ideas: Buy short-term gold at 3030-3032, stop loss at 3021, target at 3050-3060; Sell short-term gold at 3055-3057, stop loss at 3066, target at 3020-3030; Key points: First support level: 3040, second support level: 3032, third support level: 3023 First resistance level: 3054, second resistance level: 3060, third resistance level: 3077
OANDA:XAUUSDLong
by BraveTigercat
Gold Forming Triangle Pattern in Wave IV - Potential BreakoutXAU/USD is currently displaying a textbook triangle consolidation pattern as part of what appears to be wave IV in its Elliott Wave sequence. This corrective structure is developing after a strong upward move and shows clear converging trendlines with alternating A-B-C swings. Technical Analysis: Price consolidating near $3,044 level with minor bearish bias labelled wave ((D)) A-B-C internal wave structure visible inside consolidation Potential wave ((iii)) price target at $3082.37 Triangle patterns typically represent consolidation before continuation of the primary trend. If this pattern completes as expected, we could see a final wave V impulse in the coming sessions. Watch for a breakout from this triangle formation - volume should increase to confirm the validity of the move. Target exit or adjust stops based on the direction of the breakout.
ICMARKETS:XAUUSDLong
by ElliottWaveFxMajors
2 more reasons to buy gold? Israel is sending a delegation to Washington for strategic talks on Iran, while Trump has reportedly given Tehran a two-month deadline for a nuclear deal—so far, Iran isn’t engaging. So, the question is: Are we headed towards military conflict or a significant wave of sanctions? Meanwhile, protests erupted after Erdoğan’s main rival was arrested, triggering a sharp selloff in Turkish markets. The lira hit record lows, forcing the central bank to intervene with nearly $10 billion in currency sales. Turkey’s inflation remains elevated at 39%, with interest rates at 42.5%. Continued lira weakness could push inflation higher, forcing further rate hikes and adding to the country’s economic instability.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD Trending Higher - Will Buyers Push Toward 3,012?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation. The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,012 target, which aligns with the channel’s upper boundary. As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary. Remember, always confirm your setups and trade with solid risk management. Best of luck!
FX:XAUUSDLong
by TrendDiva
16
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold 🪙 list time post signals 💯 reached target point 3059. ). Analysis update on gold. Gold look 👀 patterns chart 📉 sellers recover and strong 💪. 30M time frame 🖼️ looking short trend 📉 target 🎯 point 3001 that entry buying said good luck 💯 Key Resistance level 3042 + 3046 Key Support level 3006 - 3001 Mr SMC Trading point Palee support boost 🚀 analysis follow)
OANDA:XAUUSDShort
by SMC-Trading-Point
GOLD ROUTE MAP UPDATEHey Everyone, Another Piptastic day on the charts with our analysis playing out perfectly. After completing all our Bullish targets yesterday we confirmed the gap to 3049 remained open after cross and lock above 3029. - This was hit perfectly today completing this target. No further cross and lock above 3049 confirmed the rejection into the lower Goldturn for the bounce just like we said!! We will now see price play between both these Goldturns until we see a cross and lock on either level to confirm the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2993 - DONE EMA5 CROSS AND LOCK ABOVE 2993 WILL OPEN THE FOLLOWING BULLISH TARGET 3011 - DONE EMA5 CROSS AND LOCK ABOVE 3011 WILL OPEN THE FOLLOWING BULLISH TARGET 3029 - DONE EMA5 CROSS AND LOCK ABOVE 3029 WILL OPEN THE FOLLOWING BULLISH TARGET 3049 - DONE EMA5 CROSS AND LOCK ABOVE 3049 WILL OPEN THE FOLLOWING BULLISH TARGET 3068 BEARISH TARGETS 2968 EMA5 CROSS AND LOCK BELOW 2968 WILL OPEN THE FOLLOWING BEARISH TARGET 2942 EMA5 CROSS AND LOCK BELOW 2942 WILL OPEN THE FOLLOWING BEARISH TARGET 2922 EMA5 CROSS AND LOCK BELOW 2922 WILL OPEN THE SWING RANGE SWING RANGE 2906 - 2886 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
Oil Market at Risk: Potential Breakdown Below Key SupportThe oil market is showing signs of weakness, with a technical triangle formation on the verge of breaking down. Key support at USD 66.50 per barrel is under threat, and several fundamental and macroeconomic factors suggest further downside risks. Some Key Bearish Factors for Oil 1. Weakening Global Economy Economic indicators across major economies are flashing warning signs. A slowdown in global growth, particularly in China and Europe, is reducing industrial demand for oil. Weaker economic activity typically translates to lower energy consumption, putting pressure on oil prices. 2. Stronger U.S. Dollar A rising USD makes oil more expensive for buyers using other currencies, leading to lower demand. If the Federal Reserve maintains its hawkish stance on interest rates, a stronger dollar could continue weighing on oil prices. 3. Supply Overhang and Shale Resilience Despite OPEC+ production cuts, oil supply remains ample. U.S. shale producers have kept output steady, while global inventories are rising. If supply continues to outpace demand, downward pressure on prices is likely. 4. China’s Slowing Recovery China, the world’s largest oil importer, has struggled with weaker-than-expected economic data. Lower manufacturing activity and sluggish domestic demand are reducing the country’s need for crude oil, further dampening market sentiment. 5. Geopolitical De-escalation A potential ceasefire in Ukraine could ease concerns over energy supply disruptions. Lower geopolitical risk would reduce the war-driven risk premium on oil, potentially triggering a price decline. 6. Growth in Alternative Energy The increasing adoption of electric vehicles (EVs) and renewable energy is gradually reducing structural demand for crude oil. As governments push for greener energy solutions, long-term oil consumption trends may continue declining. 7. Speculative Unwinding Traders and hedge funds could accelerate the sell-off if USD 66.50 support breaks. Technical breakdowns often lead to increased short-selling and stop-loss triggers, intensifying downward momentum. Conclusion: More Downside Ahead? With a weakening economy, strong dollar, and growing supply concerns, oil faces multiple headwinds. If key technical support at USD 66.50 breaks, the market could see further declines in the short term. Unless demand picks up or supply constraints emerge, the bearish trend may persist. #OilMarket #CrudeOil #BearishOutlook #Energy
TVC:USOILShort
by fwalbaum
Have you seen gold? New all-time high – $3,000+ per ounce!The price of Gold vs. the US Dollar (XAU/USD) has hit a new record, surpassing $3,050 per ounce! The main drivers behind this surge include escalating conflict in the Middle East and concerns over a slowing US economy. Additionally, US trade wars with China, Canada, and Mexico continue to push global gold prices higher. The Middle Eastern conflict escalated after Israeli airstrikes on Hamas targets in Gaza, driving demand for gold as a safe-haven asset. Another contributing factor is weak US retail sales data for February, which grew only +0.2% instead of the expected +0.7%, heightening recession fears. Moreover, ongoing trade wars — linked to import tariffs introduced by Donald Trump — are putting pressure on global markets, further increasing gold’s appeal as a protective asset. April gold futures are currently trading around $3,000 per ounce. Since the beginning of 2025, the precious metal has gained over 14% , reinforcing its status as a reliable asset during uncertain times. Major investment banks forecast further price growth: UBS Group expects $3,200 per ounce by year-end. Macquarie Group forecasts a rise to $3,500 in Q2. BNP Paribas predicts an average price above $3,000 throughout 2025. Analysts at FreshForex emphasize that in times of global uncertainty and rising risks, gold remains the ultimate safe-haven asset, expecting new all-time highs ahead. Seize the opportunity now! For our valued readers, we’re offering an insane 202% bonus on deposits over $202! Simply contact support with promo code 202GOLD , fund your account, and trade with TRIPLE capital! Trade with us – 270 assets, including CFD metals, with up to 1:2000 leverage! Track the markets and earn
SAXO:XAUUSD
by Fresh-Forexcast2004
Silver is in the bullish trendHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
FUSIONMARKETS:XAGUSDLong
by ForexMasters2000
GOLD Expected Growth! BUY! My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 3031.1 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 3042.3 My Stop Loss - 3025.2 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
MarketBreakdown | GOLD, GBPUSD, DOLLAR INDEX, EURAUD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GOLD XAUUSD 1H time frame 🥇 Earlier on Sunday, I shared a completed head & shoulders pattern on Gold. Its neckline was respected and the price bounced from that, setting a new historic high. That same neckline is now a perfect base for a new head & shoulders pattern. The plan remains the same, if the price violates and closes below that a correctional movement will be expected. 2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 GBPUSD looks weak and shows a clear signs of a strong overbought state. We see a breakout attempt of a rising parallel channel at the moment. Daily candle close below that will trigger a correctional movement with a high probability. 3️⃣ DOLLAR INDEX #DXY daily time frame 💵 Dollar Index shows clear strength after 2 recent US fundamental releases. The last obstacle for the bulls is the underlined blue resistance, its breakout and a daily candle close above will trigger more growth. 4️⃣ #EURAUD daily time frame 🇪🇺🇦🇺 It feels like the pair is returning to a global bullish trend. The price has recently retraced and perfectly respected the underlined support. With a high probability, we will see a test of a current high soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VasilyTrader
1
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish OutlookChart Overview This is a 1-hour chart of Silver (XAG/USD) from OANDA, showing recent price action forming a rising wedge pattern followed by a bearish breakdown. The price initially rallied within the wedge but failed to sustain gains above the key resistance zone, leading to a strong rejection and downward momentum. Key Chart Elements & Analysis 1. Rising Wedge Formation (Bearish Pattern) The market was in an uptrend, forming higher highs and higher lows within a rising wedge pattern. A rising wedge is a classic bearish reversal pattern, which indicates weakening buying pressure as price consolidates upward. The price eventually broke below the lower trendline, signaling a shift in momentum from bullish to bearish. 2. Resistance Zone & Rejection A strong resistance zone was identified around $33.80 - $34.20 USD (highlighted in blue). Price attempted multiple times to break above this level but faced selling pressure, leading to a sharp reversal. The final breakout attempt failed, confirming that sellers are in control. 3. Breakdown & Retest of Support After breaking down from the wedge, the price found temporary support around $33.20 USD, which aligns with a previous consolidation area. A retest of the broken wedge support turned into resistance, further confirming the bearish bias. The rejection from this level strengthened the case for a move lower. 4. Next Support Level & Target Projection The next significant support zone is around $31.95 - $32.00 USD (marked as the "Target" area). This level coincides with previous price action support, making it a high-probability bearish target. The breakdown is expected to follow a measured move projection, bringing price toward this level. Trade Plan & Execution Strategy 📉 Bearish Setup (Short Opportunity) Ideal Entry: A pullback to the previous support (now resistance) at $33.20 - $33.40 USD could offer an entry for shorts. Stop-Loss: Above $33.80 USD, just above the resistance zone. Target Levels: Primary Target: $32.50 USD Final Target: $31.95 - $32.00 USD Confirmation: Look for price rejection or bearish candlestick formations at resistance before entering. ⚠️ Risk Management & Considerations Bullish Scenario: If price reclaims $33.80 USD, the bearish setup could be invalidated, and a move higher toward $34.50 USD is possible. Market Conditions: Keep an eye on macroeconomic factors, news events, and USD strength, as they can influence silver prices. Conclusion: Bearish Outlook with Downside Target 🎯 The rising wedge breakdown signals further downside potential. A support retest rejection confirms selling pressure. $31.95 - $32.00 USD remains the main target, aligning with technical projections. Short positions with proper risk management remain favorable in this setup.
OANDA:XAGUSDShort
by GoldMasterTrades
SPY/QQQ Plan Your Trade For 3-20-25 : Flat-Down PatternToday's SPY Cycle pattern suggests the SPY/QQQ will stay somewhat muted in trading range today. I still believe the SPY/QQQ are in a moderate melt-up type of trend - attempting to reach a peak near the end of this week or early next week (see the patterns for March 24, 25, 26). Even though I believe we are struggling to try to move higher, I do believe any failure of the SPY to move above the 0.382 Fibonacci retracement level would be a technical failure related to the breadth of this pullback. Thus, I believe the markets have at least one more attempt to try to move higher over the next 5+ days before topping and rolling over into a broader downtrend. Gold and Silver moved solidly lower this morning - almost like a Panic type of selling. I believe this is related to the Flat-Down pattern and I believe Gold/Silver will recover fairly quickly. I do believe this is a huge opportunity for Gold/Silver over the next 30+ days. I believe Gold will attempt to move above $3500-3600 before the end of April. BTCUSD rolled higher yesterday by more than $4000 - just like I predicted. Incredible. And, that is another reason why I believe the SPY/QQQ have more room to the upside than we are seeing right now. Remember this is a trader's market. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
1
Gold - Expecting Retraces and Further Continuation LowerH1 - Bearish divergence on the moving averages of the MACD indicator. Followed by bearish trend pattern in the form of three lower highs, lower lows structure Strong bearish momentum Potential drop after retraces if the strong resistance zone will not be broken. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ---------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VladimirRibakov
1
XAUUSD:20/3 Today's Market Analysis and StrategyGold Technology Analysis Daily chart resistance is 3050-3100, support is 3000 below Four-hour chart resistance 3080, support 3030 below One-hour chart resistance 3054, support 3042 below Analysis of gold news: Spot gold fluctuated narrowly on Thursday, and gold prices continued to rise after Fed Chairman Powell delivered a speech. Spot gold once broke through the $3,050/ounce mark, setting a historical record. The Fed announced the keeping interest rates unchanged at its latest policy meeting and hinted that interest rate cuts could be cut twice this year while slowing down the pace of balance sheet reduction. This series of measures has triggered a decline in the US dollar's gains and a decline in US Treasury yields, providing rising momentum for gold prices. This trading day requires attention to the Bank of England's interest rate resolution, changes in the number of initial unemployment claims in the United States, the United States' February existing home sales data and geopolitical situation related news. Gold operation suggestions: Gold stabilized yesterday at the 3022 mark and continued to fluctuate strongly and break the high trend. Asian and European session prices rose slightly and pierced through the 3045 mark and fell under pressure. European session fluctuated and fell and stabilized at the 3022 mark. Then it rebounded and rose. The US session fell for the second time and stabilized at the 3026 mark. Then the gold price accelerated to pull up and broke through the 3050 mark and closed strongly at almost the highest point in the day. Judging from the current trend analysis, the lower support is focused on the one-hour level 3042 and the four-hour level 3030 line, and the important support is focused on the daily level 3000 line. Relying on this position, it continues to be bullish. The target position above is still focused on breaking through new highs. Before the daily level falls below the lower support, it still keeps buying with the trend. Buy: 3032near SL: 3028 Buy: 3042near SL: 3038
TVC:GOLDLong
by ActuaryJ
SILVER Is Very Bullish! Buy! Here is our detailed technical review for SILVER. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 3,339.6. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,470.7 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAGUSDLong
by SignalProvider
1