XAG/USD Analysis 10/1/2019 - Bullish
After a sharp sell off, Silver has finally found support near the 50% Fib retracement level. This support was met and held right as the ISM manufacturing data came out today. The data came in at the worst level since 2009, which created a quick bullish rally as this was bad news for the dollar.
In my eyes, with global growth still showing signs of continued weakness and with the recent September sell off, current prices now offer good potential opportunities to scale in to long term positions.
Current Long-Term Bias: Bullish
In my eyes, with global growth still showing signs of continued weakness and with the recent September sell off, current prices now offer good potential opportunities to scale in to long term positions.
Current Long-Term Bias: Bullish
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.