Silver 12 Nov 2020
Silver has been consolidating between MA(50) and MA(100) for weeks now.
Last week it had a breakout to the upside upwards 26 that was false so its back into the consolidation pattern.
Since then DXY has strengthened and SPX has topped and turned potentially bearish, therefore the chance is higher for a breakout to the downside this time.
MA(200) should provide strong support on the downside.
Last week it had a breakout to the upside upwards 26 that was false so its back into the consolidation pattern.
Since then DXY has strengthened and SPX has topped and turned potentially bearish, therefore the chance is higher for a breakout to the downside this time.
MA(200) should provide strong support on the downside.
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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.