Silver, like gold, has always shown itself to be a reliable asset, which is why you should take a closer look at buying it. Any assets like gold, silver and even bitcoin perform the same way. I mean regular growth in times of market volatility. To illustrate how the silver chart will behave, I would like to show you the gold chart for the last few years....
D1 - Price respected a strong support zone and is bouncing higher. Bullish divergence. Expecting short term bullish moves to happen here. H4 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
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Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with...
This precious metal has just tested the previous swing high as support and closed above. Entry, stop loss and take profit as per chart. trade is for education purpose risk is 1%
Study point 1 in the chart to see the abc structure and how the price broke the previous low, then compare it to the price pattern now at point 2. As this pattern develops i will update this idea in case any possible change in the pattern. So comment, like, follow to stay in touch. thank you.