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09.11.202112:51 Forex Analysis & Reviews: Trading tips on gold and silver

Exchange Rates 09.11.2021 analysis

An interesting situation is developing in the gold market. Mid-term sellers are currently trapped, forcing them to hide risks at 1833. In this regard, the best action is to provoke a rebound, not to sell with a stop at 1833, or work for a fall after a false breakdown of 1833.

Exchange Rates 09.11.2021 analysis

A similar picture can be seen in silver, but this time the stops are at $ 24.9 - $ 25.

Exchange Rates 09.11.2021 analysis

A breakout is only a matter of time because silver, after all, is already in its third wave in higher time frames.

Exchange Rates 09.11.2021 analysis

As such, traders could take long positions up to $ 30, which is the high reached last 2020 and this year.

This analysis is based on impulse trading and stop hunting strategies.

Good luck and have a nice day!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2025
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