Silver - Is Silver ready to explode to the upside? Since the end of October, the price of silver has been trading within a relatively tight consolidation range, fluctuating between $35 and $28.50. This range has now been tested multiple times on both ends, with the price touching the upper resistance and lower support levels twice, creating a well-defined horizontal structure in the market.
During the most recent decline, silver broke below the $28.50 support, sweeping the previous low and triggering a liquidity grab. This move likely cleared out stop-loss orders positioned beneath that level, providing the necessary fuel for a strong reversal. Following this sweep, the price reacted sharply and began climbing, indicating a shift in momentum and a potential change in market structure.
Currently, silver is accelerating toward the upper boundary of the range, once again approaching the $35 resistance level. Given the previous behavior and the speed of the current move, I anticipate that the price may attempt to sweep the highs above $35, targeting the liquidity resting just above that resistance zone. A rejection from this level is possible, especially considering the presence of a daily Fair Value Gap (FVG) that was left behind during the recent bullish push. If the price pulls back into this FVG and finds support there, it could provide a healthy retracement and set the stage for a more sustained move higher in the medium term.
Overall, the market seems to be positioning itself for a breakout attempt, but the reaction around the $35 level will be crucial in determining whether silver continues upward or enters another phase of consolidation.
If silver manages to break above the $35 resistance and establish support above that level, it could mark a significant shift in market sentiment and open the door for further upside. Holding above this key threshold would likely confirm the breakout from the long-standing consolidation range, signaling strong bullish intent. In such a scenario, we could see increased momentum as sidelined buyers step in, targeting higher levels in the weeks to come.
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Metals
GOLD DAILY CHART ROUTE MAP UPDATE
Hey Everyone,
Another smashing day on the charts today with our analysis playing out perfectly. This is an update from yesterday, which you can read below for continuity.
After completing the target yesterday we stated We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels.
- We got the support and bounce just outside the channel, just like we said and perfectly inline with our plans to buy dips.
This is now a crucial range test with either support here for a continuation or a break back into the channel. We will be looking for ema5 to confirm the break or failure to identify rejection.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
YESTERDAYS UPDATE
Hey Everyone,
After updating our 1H and 4h chart idea last two days, please see update on our daily chart idea also playing out perfectly.
On our last update we stated that we were seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout into the next level.
We got the candle body above 3297 and ema5 lock opening 3433 - This was hit perfectly completing this target. No further close above this level confirmed the rejection.
We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD - WAVE 4 CORRECTION TO $2,800This video analysis is leading on from our long term target for $6,200 which I posted yesterday. We can see from the strong impulse move up, the entire bullish cycle is not complete yet & has more upside, AFTER a healthy correction.
Confluences👇
⭕️Wave 3 Peaked at Psychological Number of $2,500 (LQ Point).
⭕️Wave 4 & 5 Pending.
⭕️Overbought Market Conditions.
XAUUSD Sniper Plan – April 24, 2025🟡 XAUUSD Sniper Plan – April 24, 2025
Post-Claims Setup | No Bounce Nonsense. Just Zones That Hit.
🔻 SELL ZONES – Premium Rejections Only
SELL #1 – 3384–3392
📌 HTF Flip Zone + FVG + EMA100
SL: 3400 | TP1: 3355 | TP2: 3320 | TP3: 3288
SELL #2 – 3408–3416
📌 Imbalance Gap 3411 + OB + NY Spike
SL: 3425 | TP1: 3375 | TP2: 3345 | TP3: 3315
SELL #3 – 3448–3455
📌 HTF OB + Fibo Extension + Trap Risk
SL: 3465 | TP1: 3415 | TP2: 3380 | TP3: 3340
🟢 BUY ZONES – Real Demand Only
BUY #1 – 3310–3316
📌 CHoCH + M30 OB + RSI Divergence
SL: 3300 | TP1: 3340 | TP2: 3370 | TP3: 3390
BUY #2 – 3275–3285
📌 HTF Demand Base + Oversold RSI
SL: 3260 | TP1: 3310 | TP2: 3340 | TP3: 3370
🧠 STRUCTURE & BIAS
• HTF Bias: Bullish
• LTF Flow: Bearish until 3384–3392 breaks
• ⚠️ 3408–3416 = key for mitigation before any real breakout
• Target rejections first, not dreams
🎯 Plan ready. Zones set. Now it’s your turn, sniper.
🟡 If this breakdown helped clear the noise, hit that Like
💬 Got a bias or reentry zone of your own? Drop it below
📲 And don’t forget to Follow – we’re building gold logic, not fairy tales
Let’s dominate the session. One sniper entry at a time 💛
SPY/QQQ Plan Your Trade for 4-24 : Carryover PatternToday's Carryover pattern suggests we'll see similar price action today to what we saw yesterday.
We will very likely see a little support in early trading today, followed by a moderate meltdown-type trend.
I'm not expecting much to happen today - but we could get some news or other data that may prompt some type of bigger move in the markets.
Yesterday evening, I shared an "Update" video with everyone. In that video, I highlighted some of my active trades.
I've gotten a few messages from followers asking if I can share more data related to my trades. I'm sorry, but that won't happen in these FREE Plan Your Trade videos.
I shared some of my trades yesterday to highlight how I had moved into a moderate Short/PUT position, trying to stay ahead of the bigger market trend.
In other words, I'm not chasing the nickels. I'm setup to try to profit from the DOLLARS.
Gold and Silver may stay somewhat muted over the next 48 hours. But, I do expect them to try to melt upward.
BTCUSD appears to be setting up a BULL TRAP. I, personally, don't trust this upward price move because it is counter to the EPP price structure. I could be wrong.
But right now, I just don't trust the upside move in BTCUSD, knowing the SPY/QQQ should move into a deeper MAJOR LOW in early May.
Again, these videos are designed to help you build your skills and find your own style of trading.
I really do hope all of you are benefiting from my continued work to deliver these videos.
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GOLD: Next Move Is Up! Long!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 3,340.22 will confirm the new direction upwards with the target being the next key level of 3,370.89 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold shows a bearish gapThe daily chart of gold shows a clear gap after the price peaked around $3,495/ounce. This is a warning sign of a reversal when strong selling pressure causes the opening price to be significantly lower than the closing price of the previous session. This gap often reflects distribution pressure from big players, especially in the context of gold having just experienced a hot rally.
In addition, the long red candle appearing right after the gap shows decisive selling pressure, pushing the price down to the $3,310/ounce area. Currently, although gold has slightly recovered to around $3,340, the short-term trend is leaning towards a correction as fundamental news continues to put downward pressure on prices.
President Trump's conciliatory statement on US-China trade and expectations of tariff reduction have significantly improved risk sentiment in the market. Strong money flows into stocks, causing gold to lose its safe-haven role. At the same time, the wave of profit-taking after the peak is also the main reason why gold "evaporated" tens of USD in just 24 hours.
Technically, if gold does not soon fill the GAP around the $3,390–$3,420 area, the correction trend will likely continue to expand to the EMA34 support area around the $3,200–$3,250 mark. A more positive scenario will only be triggered if gold regains the GAP and closes above $3,430.
In the current context, investors need to be cautious, prioritizing the strategy of waiting to sell when recovering to the resistance area, especially the area around the unfilled GAP.
SILVER: Target Is Down! Short!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 33.442 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
XAUUSD: 24/4 Today’s Market Analysis and StrategyGold technical analysis
The resistance level of the four-hour chart is 3400, and the support level is 3300
The resistance level of the one-hour chart is 3370-80, and the support level is 3310
The resistance level of the 30-minute chart is 3350, and the support level is 3325.
The recent market has been running up and down by more than 100 dollars every day. It is difficult to say where the resistance and support are. There are more news data in the NY market opening today, so the market volatility is expected to be large. It is recommended to follow the trend and wait for the breakthrough of resistance and support before entering.
The current price of 3338 is in the rebound repair stage after oversold. If it stands firm at 3300, it may test the resistance area of 3350-3370; if it falls below 3289, it is necessary to be alert to the pullback to the support area of 3250-3270.
Trading strategy:
1. After breaking through 3350, it may continue to rise below 3370-3380
2. Sell after being blocked in the 3370-3380 range.
3. After breaking below 3290, you can follow the sell and may continue to test the support area of 3260-3245
Hanzo | Gold15 min Breaks – Will Confirm the Next Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish Breakout at 3360
We are watching this zone closely.
💯 Main Focus: Bearish Breakout at 3314
We are watching this zone closely.
📌 If price breaks with high volume, it confirms Smart Money is in control, and a strong move may follow.
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3361
• Liquidity Grab + CHoCH at 3266
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3360 – Proven resistance
🩸 Key Zones to Watch:
• 3316 – 🔥 Bullish breakout level X 7 Swing Retest
• 3360 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3360 – Equal highs
DeGRAM | GOLD Reached the Support📊 Technical Analysis
Gold’s false pop above $3 500 reversed into a falling wedge; price slipped through $3 430 and is now testing the support level at $3 315 (channel base + trend-line). Holding this pivot preserves the rising channel and favors a rebound toward $3 500 – 3 520.
💡 Fundamental Analysis
Central-bank demand stays brisk (333 t Q4-24; PBoC buying streak now 5 mths). Fed pause, softer real yields and a 3-yr-low USD cut carry costs. IMF warns tariff risks could chill growth, boosting hedge bids.
✨ Summary
A hold above $3 315 could launch XAU/USD back to $3 500+, with $3 520 on a clean breakout.
-------------------
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XAUUSD (Gold) - ICT AnalysisI'm currently looking for higher levels on Gold,
after we reversed from a Daily IRL zone and printed a clear 1H structure shift.
Price just rejected from a 4H IRL, and my first target is the 4H ERL,
which is already marked on the chart.
Watching price action closely for continuation confirmation.
XAUUSD - Will Gold Reverse?!Gold is trading between the EMA200 and EMA50 on the 15-minute timeframe and is on its uptrend line. A continued bullish move towards the supply zone will provide us with the next opportunity to sell it with a good risk-reward ratio. We expect a range of $10-$15.
Gold prices dropped by 4% on Wednesday, just a day after reaching an all-time high. The decline followed remarks by President Trump that helped ease Wall Street’s concerns about the ongoing trade war with China and tensions between the White House and the Federal Reserve.
Throughout this year, gold has seen a substantial rise due to investor fears over the economic consequences of tariffs. Additionally, the metal has benefited from capital fleeing U.S. assets amid political uncertainty under the Trump administration. On Tuesday, Trump reassured markets by stating that he had no intention of removing Jerome Powell as Fed Chair and expressed his expectation that tariffs on Chinese goods would soon be lowered.
Trump’s statements supporting Federal Reserve independence and hinting at easing trade tensions with China reignited risk appetite in financial markets, causing gold prices to tumble on Wednesday.Just a day earlier, prices had hit a record high above $3,500, as investors speculated that Trump might attempt to remove Powell. Trump had previously criticized Powell for not cutting interest rates and for warning that tariffs could lead to higher consumer prices.
Gold’s price surge this year has been especially notable following Trump’s decision to halt the implementation of sweeping new tariffs initially announced in early April. Gold, as a safe-haven asset not tied to any single national economy—unlike traditional alternatives such as the U.S. dollar or Treasuries, which are subject to U.S. government influence—has become increasingly attractive to investors wary of Trump’s policy decisions.
Meanwhile, the International Monetary Fund (IMF) has warned that continued tariff escalation in 2025 could push global public debt to 95.1% of GDP—an increase of 2.8 percentage points from previous forecasts. According to the IMF’s latest “Fiscal Monitor” report, if revenues and output fall significantly below expectations due to tariff-induced pressures, global debt could surpass 117% of GDP by 2027.
Investment bank JPMorgan has projected that gold prices could exceed $4,000 per ounce by mid-2026. This forecast is based on expectations of an economic recession, a prolonged trade war, and sustained demand from central banks. However, JPMorgan also cautioned that a sudden drop in central bank demand could threaten this bullish trend.
The IMF’s report further estimates that global public debt will climb to 99.6% of GDP by 2030, exceeding even the pandemic-era peak.
The IMF has forecasted global economic growth at around 2.8% for 2025. In this scenario, the U.S. budget deficit is projected to decrease from 7.3% of GDP in 2024 to 6.5% in 2025, and further down to 5.5% in 2026, largely due to increased tariff revenues and continued economic expansion.
These IMF projections for the U.S. deficit are based on policies announced up until April 2, 2025, and assume that the individual tax cuts enacted in 2017 will expire at the end of this year.
GOLD (XAUUSD): Strong Bullish Signs?!
Gold strongly corrected from 3500 psychological level.
After a test of the underlined intraday support cluster,
the market started to leave strong bullish clues.
After a false violation of the support, the price accumulated a bit
and broke a resistance line of a falling wedge pattern on an hourly time frame.
With that move, Gold also managed to confirm a local Change of Character CHoCH.
All these bullish signals indicate a highly probable continuation of a growth.
The price may move up at least to 3377 level easily.
❤️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.
Gold prediction 24.04.2025🟢 Gold Price Action Analysis (XAU/USD)
Date: April 24, 2025
Time Frame: Short-Term Intraday
Market Context:
Gold is currently respecting a key trendline support zone between 3326 and 3332. This area has acted as a strong demand zone recently and price is showing signs of bullish interest around this level.
Bullish Scenario (Primary Bias):
If the trendline holds around 3326–3332, we anticipate a bullish move targeting the previous swing high at 3388.
Confirmation would be bullish candlestick formation or volume buildup near the trendline zone.
📈 Buy Signal:
Buy between 3326–3332 (only on confirmation as cired above)
🎯 Target: 3388
🛑 Stop Loss: Below 3320 (trendline invalidation)
Bearish Scenario (Alternative Plan):
If price breaks below the trendline and retests the 3326–3332 zone as resistance (confirmation on m1 or m5, we’ll look to short.
This would indicate a trendline breakdown and potential bearish momentum towards the previous low.
📉 Sell Signal (on Break and Retest):
Sell near 3326–3332 (after breakdown and bearish retest)
🎯 Target: 3261
🛑 Stop Loss: Above 3335
Please show support by following me and comment you favourite pair, if needed to be analyzed.
Trading Silver’s Retrace: 50% Equilibrium Strategy for XAGUSD🪙 XAUUSD Technical Analysis
The daily chart for XAGUSD shows a significant sell-off after a strong bullish move, with a retracement of approximately 21.93% from the recent swing high. However, the price has since broken structure to the upside, indicating a potential shift in momentum back to the bulls. The current price action is trending upward, approaching the previous high, which could act as a resistance level. Your plan to look for a retrace into the 50% equilibrium of the recent swing on the 4-hour chart is technically sound, as this level often acts as a magnet for price and a potential area for institutional order flow. Waiting for a pullback and a bullish structural break in your area of interest increases the probability of a successful long entry.
🔍 Key Levels & Price Action
The 50% equilibrium of the recent swing (measured from the swing low to the swing high) is a classic area for price to retrace before resuming the trend. If price pulls back into this zone and forms a bullish structure (such as a higher low or a bullish engulfing candle), it could provide a high-probability long setup. Watch for confirmation on lower timeframes (like the 4H) for added confluence. The previous high around $35 may act as resistance, so partial profits or tighter stops near this level could be prudent.
🌐 Fundamentals & Sentiment
Silver is currently benefiting from a mix of macroeconomic factors. Ongoing inflation concerns, central bank buying, and geopolitical tensions (such as those in Eastern Europe and the Middle East) are supporting precious metals. Additionally, industrial demand for silver remains robust, especially with the global push toward green energy and solar panel production. However, a stronger US dollar or rising bond yields could temporarily cap gains. Sentiment among retail traders is cautiously bullish, with many looking for dips to buy, but there is also a risk of volatility if macro data surprises.
🧠 Alternative Views
Some analysts caution that the recent rally may be overextended, and a deeper correction could occur if risk-off sentiment returns or if the Fed signals more aggressive tightening. Others point to the strong uptrend and suggest that any pullback is likely to be bought, especially if it aligns with key technical levels like the 50% retracement. Keep an eye on COT (Commitment of Traders) data for signs of large speculator positioning, as well as ETF flows for additional clues on institutional sentiment.
📈 Trade Management & Risk
If entering long on a pullback to the 50% equilibrium, consider using a stop loss below the swing low to protect against a deeper correction. Scaling out profits as price approaches the previous high or key resistance zones can help lock in gains. Always use proper risk management and avoid overleveraging, especially in a volatile market like silver.
🎬 Video Title Options
"Silver’s Next Move: 50% Retrace Entry? XAGUSD Trade Idea & Analysis"
"Bullish Breakout or Bearish Trap? XAGUSD 4H Trade Setup Explained"
"Silver Price Action: Waiting for the Perfect Pullback! (XAGUSD Analysis)"
"XAGUSD: Is the Silver Rally Just Getting Started? Key Levels to Watch"
"Trading Silver’s Retrace: 50% Equilibrium Strategy for XAGUSD"
⚠️ Disclaimer
This analysis is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and you should always do your own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
GOLD recovers, market sentiment correction may stopAfter US President Trump hinted that tariffs on China could be reduced and that he had no intention of removing Federal Reserve Chairman Powell, the market's risk-off sentiment cooled and international gold prices fell on Wednesday (April 23) before recovering slightly in early trading today, Thursday (April 24).
Last night, Trump made some important comments, not only clearly showing a softer stance on China but also making it clear that he had no intention of removing Federal Reserve Chairman Powell (in fact, he has no authority to do so).
The current bullish cycle in OANDA:XAUUSD is largely driven by the market pricing in the risk of “stagflation”, but as this risk is gradually eliminated, gold could see a significant correction.
Looking at the big picture, gold remains in an uptrend as real yields are likely to continue to fall amid the Fed’s easing policy. But in the short term, if positive tariff news continues to emerge, gold could fall further and the market will adjust to the new environment.
Earlier, after days of harsh criticism of the Federal Reserve for not cutting interest rates, Trump withdrew his threat to fire Chairman Powell. At the same time, he also expressed confidence in reaching a deal with China to significantly reduce import tariffs from China, but also warned that "if they don't make a deal, we'll make a deal."
Meanwhile, the International Monetary Fund (IMF) on Tuesday cut its forecast for global and US economic growth this year, citing Trump's tariff policies as the main reason for the downgrade.
As a traditional safe-haven asset, gold has set new historical highs several times since the beginning of 2025, with a cumulative increase of more than 26%.
Technical Outlook Analysis OANDA:XAUUSD
After 2 days of significant correction, gold recovered in today's Asian trading session (24/4) with the recovery level taking the 0.382% Fibonacci retracement point as the nearest support. As noted to readers throughout the publications, gold is still in an uptrend with the price channel as the main trend and the main support from the EMA21, as long as the price decline does not break below the above supports, it should only be considered a short-term correction or a buying opportunity.
As of now, gold is trading around $3,333/oz, up 1.38% on the day and around $45 and the upside momentum is expected to test the 0.236% Fibonacci retracement level followed by $3,430.
For the day, the main technical outlook for gold is bullish recovery, and the notable positions are listed as follows.
Support: $3,300 – $3,292 – $3,245
Resistance: $3,371 – $3,430
SELL XAUUSD PRICE 3383 - 3381⚡️
↠↠ Stop Loss 3387
→Take Profit 1 3375
↨
→Take Profit 2 3369
BUY XAUUSD PRICE 3206 - 3208⚡️
↠↠ Stop Loss 3202
→Take Profit 1 3214
↨
→Take Profit 2 3220
Gold – Watching Key Resistance for Intraday Sell Plays📌 Gold Surges $80 off Support – Watching Key Resistance for Intraday Sell Plays 📉📈
Gold (XAU/USD) bounced sharply today — surging over 80 points from the support zone near $3,260, swept during the late U.S. session. This strong rebound came as buyers stepped in aggressively after a 250+ point crash earlier in the week.
Now, the market is pulling back from the 0.382 Fibonacci retracement zone, showing early signs of sell-side reaction. If this momentum continues, Asian and London sessions could push price lower to fill liquidity in the untested FVG region near 3,288.
🔁 Intraday Structure & Key Zones
After sweeping both sides of the range (80 up / 40 down), gold is now consolidating between 3,328 – 3,320. With intraday volatility ranging from 80–100 points, today’s focus will be on high-probability reaction zones.
🔴 SELL Bias for Today
Primary Resistance: 3,376 – 3,378
→ This zone is expected to act as the first defense for sellers.
If broken, watch the final resistance at 3,410 — a key structural level.
→ A clean breakout above 3,410 may invalidate the sell setup and shift the bias back to BUY.
🔍 News to Watch
⚠️ Unemployment Claims (U.S.) will be released during the New York session.
→ Given current market sensitivity, expect volatility to spike around this release.
🧭 Today’s Trading Zones
🟢 BUY ZONE
Entry: 3,230 – 3,228
SL: 3,224
TP Targets: 3,234 → 3,238 → 3,242 → 3,246 → 3,250 → 3,254 → 3,260
🔻 SELL ZONE #1
Entry: 3,376 – 3,378
SL: 3,382
TP Targets: 3,372 → 3,368 → 3,364 → 3,360 → 3,355 → 3,350
🔻 SELL ZONE #2
Entry: 3,408 – 3,410
SL: 3,414
TP Targets: 3,402 → 3,398 → 3,394 → 3,390 → 3,386 → 3,382 → 3,375 → 3,370
🛡️ Risk Management Note
The market remains extremely volatile and headline-driven. Stick to your trading plan and always respect TP/SL levels to protect your capital — especially during high-impact news releases.
💬 Are you planning to sell into resistance or wait for a deeper pullback to buy? Share your setups and ideas below! 👇👇👇
Gold’s upside seems limited given overbought conditionsGold appears to be showing signs of finally cracking after an impressive run higher, with the excitement surrounding its rally potentially approaching a crescendo. The precious metal experienced a sharp intraday reversal on 22 April, a decline that continued into 23 April. Since the recent uptrend began in mid-March, gold has consistently found support at its 10-day exponential moving average (EMA).
For now, gold continues to hold just above this key support level; a break below the 10-day EMA could signal a heightened risk of further declines, potentially targeting $3,280 per troy ounce.
Gold remains extremely overbought on the weekly chart, trading above the upper Bollinger Band, with the relative strength index (RSI) above 80. This suggests that gold could be due for a sideways consolidation or pullback towards the 10-week moving average at $3,100.
Gold also remains overbought on the monthly chart, trading above the upper Bollinger band and with an RSI above 85. In this scenario, a break below $2,900 may lead to a decline towards the 10-month moving average of $2,800.
It is not often that an asset class trades at such extreme levels, and this suggests that gold may be overdue for a period of consolidation, either by trading sideways and marking time or by pulling back to retest some of the moving averages situated at lower levels. It continues to indicate that overall gold’s upside may be limited.
Written by Michael J Kramer, founder of Mott Capital Management
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Silver H4 | Falling toward a pullback supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 32.95 which is a pullback support.
Stop loss is at 31.90 which is a level that lies underneath a multi-swing-low support and the 23.6% Fibonacci retracement.
Take profit is at 34.48 which is a swing-high 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.
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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.
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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.
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Losses can exceed deposits.
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