Gold and Silver charts: bears still on top

how to do bitcoin trading

Gold chart pattern

The daily bar chart pattern of Gold has re-entered and closed inside the ‘Support/Resistance zone’ between 1230 & 1240 (refer previous post), and may make an attempt to test resistance from its falling 200 day EMA.

Strong trading volumes during recent down days reveal that bears are very much on top. Expect bears to put up a fight to defend the long-term moving average and prevent gold’s price from entering bull territory. 

Daily technical indicators are looking bullish. MACD has crossed above its ‘0’ line to enter bullish zone. RSI is rising above its 50% level. Slow stochastic has entered its overbought zone.

Some near-term upside is likely. Gold’s price needs to move convincingly above its 200 day EMA and the 1280 level for bulls to regain control of the chart.

On longer term weekly chart (not shown), gold’s price closed above its 20 week EMA, but below its 50 week and 200 week EMAs in long-term bear territoryWeekly technical indicators are turning bullish. MACD is rising above its signal line in bearish zone. RSI looks poised to cross above its 50% level. Slow stochastic is moving up in bullish zone after falling from its overbought zone.

Silver chart pattern

The daily bar chart pattern of Silver managed to close just above its 50 day EMA with good volume support, but remains well below its falling 200 day EMA in a bear market.

Daily technical indicators are turning bullish. MACD has crossed above its signal line in bearish zone. RSI has moved above its 50% level. Slow stochastic is rising towards its overbought zone. 

Some more near-term upside is likely. Expect strong resistance from the zone between 15.0 and 15.25.

On longer term weekly chart (not shown), silver’s price closed below its three weekly EMAs in a long-term bear marketWeekly technical indicators are in their respective bearish zones, but showing upward momentum. 

news forex trading

forex no deposit bonus

Leave a Reply

Your Name (required)

Your Email (required)

Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE

      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?