While DXY is looking more bearish, Silver and Gold will get some room to breathe after a continuous downtrend past weeks. RSI at the bottom where we have seen two major bounces, MACD 1D is bullish (2D/3D getting ready to turn bull) and the price at a prior accumulation level, so one could enter a trade with a stop-loss below this level to prevent loss while this setup is looking great.
Target and a stop-loss are both in the chart, feel free to comment/like or follow. I'm always open to discuss anything trading-related. Also, don't forget to check out my signature where you can find more interesting things which I cannot promote here in the description or updates.
Good luck trading! -TheTrex
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Outbreak of small TF redistribution range, we took the range were most was traded and obtained 1.618 and 1.886 target, price should go to here at least.
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Doing pretty well
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Silver has completed our target at 14.718! Which I posted in my telegram group, expecting sideways to down for now.
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The downtrend is continuing as planned, 12H MACD crossing bearish here. Expected to retest at least yellow uptrend line, best to wait and buy here.
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Woops wrong picture in my clipboard. Here is silver.