Silver has had an incredible rally the past few weeks, but is has now formed a bearish Shooting Star. This could mark a new higher high (HH) and a possibility of going lower, making a new higher low (HL) around 17-18 dollars/oz. RSI is also indicating it is strongly overbought (RSI @ 84) Because it probably has started a major overall bull market, a short position should be kept small IMHO. A retracement from here would also provide a great buying oppurtunity for longs, physical and mining stocks. Wait for a confirmation tomorrow with a close below the Shooting Star.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.