Gold and Silver are obviously in an uptrend, but IMO it is the latter that may provide a better trade.
However there is a problem with R/R at current price. The stop must be below Friday low and since there is support nearby, it will have to be below 16.60 level.
I will be watching PA next week and if we get a retrace down towards the support area, I will be happy to take a long.
If that better trade entry does not happen, just let this one go.
If you like my analysis please give it a "thumbs up" and follow me to get instant notifications.
As always, please use sound money and risk management in all your trades.
However there is a problem with R/R at current price. The stop must be below Friday low and since there is support nearby, it will have to be below 16.60 level.
I will be watching PA next week and if we get a retrace down towards the support area, I will be happy to take a long.
If that better trade entry does not happen, just let this one go.
If you like my analysis please give it a "thumbs up" and follow me to get instant notifications.
As always, please use sound money and risk management in all your trades.