Preferred direction: BUY
Comment: Metals, on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver, the price approached important support at the level of 26.50, from where last time we recorded a maximum at the level of 29.78. A more likely scenario involves growth from this support with a target at the level of 28.50 (scenario №1). Scenario №2 assumes growth after a small false movement towards the support area of 25.50.
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Comment: Metals, on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver, the price approached important support at the level of 26.50, from where last time we recorded a maximum at the level of 29.78. A more likely scenario involves growth from this support with a target at the level of 28.50 (scenario №1). Scenario №2 assumes growth after a small false movement towards the support area of 25.50.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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