Silver Technical Analysis - will primary trend be still bearish or invert soon? - Trend Analysis - General

[Deleted] 2013.07.30 13:06 #1

I do not know, of course, but some people think that gold was in a bubble that has been burst. I think there is still no sign of a trend reversal in the medium run so now may be a good time to go short on gold and silver. It seems to me that the bearish wave is now resting and therefore the risk for a short position is low.

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Sergey Golubev 2013.07.30 14:08 #2

I can not say anything about Silver because of this spike :

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silver d1

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because indicators are not showing anything reasonable in this case.

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Sergey Golubev 2013.07.30 14:13 #3

As to H4 timeframe so this is bearish as a primary trend (price is below kumo; kumo = cloud of Ichimoku indicator), and bearish as secondary too (no any correction or rally was started yet). As to the future so I can not say anything in exact way ... it may be ranging market condition so the price will be within 19.53 and 19.96 support/resistance levels.

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silver h4

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Ichimoku cloud is thin one so the price can easy break the border of this cloud to go to primary uptrend but it will depends on fundamental news events (economic calendar related).

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