Thu 5/28/2020 00:26 ET
S&P 5003036.1344.931.48%BANKS357.9024.056.72%OIL31.491.324.19%BITCOIN9195.398.280.09%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Educational Resources   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
From: analyst75 (Rep: 0)Date: 10/21/2018 19:56
Forum: Educational Resources - Msg #202Thread #674042881 (Rec: 0)
Technical Reviews for Gold and Silver (October 2018)

Dominant Bias: Bearish
Gold is bearish in the long-term, but bullish in the short-term. Price skyrocket on October 11, thus bringing about a bullish signal in the short-term. In the long-term, Gold would need to continue making its bullish effort before the long-term bias can become bullish as well (provided the market continues going upwards). A movement to the south, would invalidate the short-term bullish signal and strengthen the bears’ position and enable a bearish trend continuation. However, a move to the upside is the most likely.

Dominant Bias: Bearish
Silver is neutral in the short-term, and bearish in the long-term. Should the market continue its current consolidating movement, the long-term bias also may become neutral. It is more likely that the current market condition will continue, until the situation changes around the end of November 2018. That means a breakout is more likely to occur, and when it does occur, it would most probably favor bulls. Either there would be a bullish breakout by the end of November, or there would be a continuation of the current short-term consolidation.


What would you like to do? Message: Endorse | Bookmark | Report AbuseUser analyst75: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999-, Inc.