With the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current uncertainty of the ongoing situation. breakingdefense.com/...ames-since-cold-war/
From the technical analysis side, XAG/USD is at its lowest since 2009. It hit this level 3 times since then. Once in 2015, next 2017 with its sudden crash and finally now.
It has been retaliating its bearish trend since half September and is currently trying to find support on top of the 50 EMA.
As it's in consolidation between the 50 EMA and 200 EMA on the 8H chart, we can expect a big move to happen eventually. Most probably to the upside. Give it some more time to confirm it's support on top of 50 EMA (A day or more) and you can invest.
The same situation is clear for any other metals. Wether it's XAU/USD or XCU/USD, it is the beginning of the reversal of it's multiple months of bearish trend. Although, for XAU/USD we would need to wait for it to pullback and find support for it to continue up higher.
*My point of view on what is going on and the interesting opportunity to arrise with the increase in price of commodities.
Make sure to do your own analysis before making any investment and never solely on the opinion of someone else.
Trade safe.
From the technical analysis side, XAG/USD is at its lowest since 2009. It hit this level 3 times since then. Once in 2015, next 2017 with its sudden crash and finally now.
It has been retaliating its bearish trend since half September and is currently trying to find support on top of the 50 EMA.
As it's in consolidation between the 50 EMA and 200 EMA on the 8H chart, we can expect a big move to happen eventually. Most probably to the upside. Give it some more time to confirm it's support on top of 50 EMA (A day or more) and you can invest.
The same situation is clear for any other metals. Wether it's XAU/USD or XCU/USD, it is the beginning of the reversal of it's multiple months of bearish trend. Although, for XAU/USD we would need to wait for it to pullback and find support for it to continue up higher.
*My point of view on what is going on and the interesting opportunity to arrise with the increase in price of commodities.
Make sure to do your own analysis before making any investment and never solely on the opinion of someone else.
Trade safe.
Комментарий:
No trades have been opened. XAG/USD was not able to hold on top of the 8H 50 EMA. The move is cancelled and on hold for the time being. As soon as we see some retaliation on top of 8H 50 EMA and support found, we can look for long again.
Комментарий:
With the current de-dolarization trend and dumping of dollar going on around the world from countries such as Russia, China, Venezuela, Japan, Iran and Turkey to in contrary increase their holdings in gold rather than the dollar, it is obvious that the price of Gold and other metals should increase as well this next few weeks and coming months.
Комментарий:
Price of gold, silver and other metals have increased as expected. At the moment, we can expect the bullish trend to continue for a while be it a few weeks. As we get new data on how price reacts, we'll be able to tell what's next to come.