Ameer I am sorry I don't understand what you are saying here.
We are 60+ away from 1600 (not that a test of that area or below is impossible)
Yet looking at the weekly we are on support at the inner channel bottom, also above the 50 week SMA and the weekly candle looks to be starting off green.
in the case we drop - a test of the red line noted with arrow on chart may be in order and the place to look before a decent rise.
Now, being that we have a few supports cooking and the bearish pressure seems to have faded, the chart may continue up.
This will also be affected by news and possible USD.
We are 60+ away from 1600 (not that a test of that area or below is impossible)
Yet looking at the weekly we are on support at the inner channel bottom, also above the 50 week SMA and the weekly candle looks to be starting off green.
in the case we drop - a test of the red line noted with arrow on chart may be in order and the place to look before a decent rise.
Now, being that we have a few supports cooking and the bearish pressure seems to have faded, the chart may continue up.
This will also be affected by news and possible USD.
DislikedHello all
I think we have come to a place which is very sensitive 1600 only if the breach of the rules of the trading price, we will see a sharp decline and if it does not penetrate, I think this is the last day of the fall in price and will return to the upward path again
What do you think
Thank you.Ignored
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News