SILVER price shorting in Asian trade Thursday

17 oct. 2024

https://www.tradingview.com/x/HTK2kV1W/

Gold and Silver price(s) are above their 200 period moving averages and their continued uptrend seems reasonable to happen in the short to perhaps medium term, before a pullback correction kicks-into-gear for the precious metals.

So far during Thursday and as the London session begins around this time, Gold is up about 0.3% and Silver is down about -0.3%, so due to this divergence in price I took a Long in XAGUSD. It's only a 1:1 trade.

17 oct. 2024

Transaction en cours

LONG Silver: any price up 31.75 XAGUSD
Stop Loss: 31.35
Take Profit: 32.05

17 oct. 2024

Note

There is a 1HR Buy order block at 31.09 1.55% down from current price 31.65. Liquidity would be attractive down at that level but 1.55% down.

17 oct. 2024

Transaction en cours

Gold price takes to brand new high for the year.
Momentum seems to be there for higher prices to stay.

17 oct. 2024

Note

Euro Rate Decision coming up soon.

17 oct. 2024

Transaction en cours

Gold Price Hits NEW 2024 High.
Buy pullback into 2680 to 2685
SL: 2676.80
TP: Starting at 3000

17 oct. 2024

Note

17 oct. 2024

Transaction en cours

Update on Silver Trade. Take Profit at 32.40 not 32.05, will be robbing ourself.

17 oct. 2024

Transaction en cours

Re Silver Long from 31.60-31.65 Buy Price. Momentum currently on the Daily chart of SILVER for RSI and Stochastics is about 60. Doesn't get any better.

17 oct. 2024

Transaction en cours

Gold Price Update: 2681 is a good place to buy the 5m VWAP.
With the EURO rate decision at a quarter past the hour 15M time, it can be a good place to go LONG at 2681 as it holds. Stop Loss 2673.
Less aggressive BUY at 2681 with STOP 2666. (under order blocks)
PT: > 3050
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