Silver is approaching a daily demand zone at the .618 fib level. Wait for confirmation with whatever strategy you use. If you want a better R/R, I would wait for price to enter the demand zone and switch to the 1HR time frame and wait for a break of structure to the upside to go long. Note that the entry price and stop loss will be different from the one on this...
Gold seems to be heavily over extended. Gold has recently broken the 1 HR structure to the downside. We have since retraced 100 %. Afterwards the internal structure went on to also brake strucuture to the downside aligning itself with the 1 HR. The internal strucuture has now retraced to the 61.8% Fib level simultaneously taking buy side liquidity. From here I'm...
4 HR has broken structure and has retraced 80%. We have filled in the fair value gap between 29.136 and 29.17. Looking for a break of structure on the 15 Min to realign with the 4 HR bullish trend so we can go and take out the 4 HR High.
Recently we have bounced off of daily demand and broken the downward trend. Looking at the 1 HR, we can see that structure has been broken to the downside. This indicates that we might be pulling back on the 4 HR. Looking to target 28.78. Look for confirmation on the 5 min time frame once 1 HR has pulled back at least 50% since we are going against the trend.
