Silver - Is it finally time?
Why go long?
- Right at red uptrend
- Gold closed gap today 1867
- Dollar looks like its topping out (11 green weeks in a row! - time to be contrarian), rates likely to top soon too
- Area around 200 Week MA 22,57 has been proven support many times
- In the last few years espacilly good visible in 2021 there was always quarter end selling in september followed by at least a bounce in the coming month
- Physical market is still in deficit
- CoT once again looks good, probably even better after the last few selling days
So, is it finally time to break this yellow down trend and run?
Taking ~2% risk, daily close below 22,11 and I´m out
- Right at red uptrend
- Gold closed gap today 1867
- Dollar looks like its topping out (11 green weeks in a row! - time to be contrarian), rates likely to top soon too
- Area around 200 Week MA 22,57 has been proven support many times
- In the last few years espacilly good visible in 2021 there was always quarter end selling in september followed by at least a bounce in the coming month
- Physical market is still in deficit
- CoT once again looks good, probably even better after the last few selling days
So, is it finally time to break this yellow down trend and run?
Taking ~2% risk, daily close below 22,11 and I´m out
ملاحظة
Rates might have topped right here
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إخلاء المسؤولية
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.