Despite all the fundamental things - my technical look on silver keeps still being bearish.
IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver.
Otherwise, it's IMO more likely that silver will resolve the bearish flag by breaking to the downside and will reach some price quotes around 22.40-23.00 USD.
IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver.
Otherwise, it's IMO more likely that silver will resolve the bearish flag by breaking to the downside and will reach some price quotes around 22.40-23.00 USD.
노트
BTW: According to the seasonality pattern, the price is likely to go down until the end of October. seasonalcharts.com/img/METALS-CSH/SILVER.GIF
액티브 트레이드
Very likely that we reach now 22.50 USD/Oz. Lower targets are also possible but let's re-evaluate then. ;)액티브 트레이드
Takes longer than expected but we're getting there. ,-)액티브 트레이드
partly profit-taking액티브 트레이드
Okay, this week's close is in the vicinity of the previous low and could form by this a double bottom. Together with the fact, that the silver price dropped strongly, I expect in next week rather an upward correction.I've already reduced my position and pulled the SL down - so it's a win-win situation. The remaining position gets either stopped out in the profit or, if the price drops further, closed around 18.80 USD with an additional profit.
매매 수동청산
Will consider going short again if it reaches quotations below ~22.00 USD or another short setup but for now, it's fine.
관련 발행물
면책사항
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.