As analyzed for gold on Friday, next week may still begin with a recovery. But the first slight short-positions can be gone in immediately at the silver opening. At opening I’ll go short with 100oz silver CFDs – daily position - SL 28.40 MIT. A daily close above 27.17 on Monday is supposed to/might max. lead to a kiss of death at 27.90 by the middle of the week. These marks are other entry points for further short-engagements. Please don’t expect that subsequently the 26.11 will fall definitely in the first go, apart from the overnight trading, here 25 might be possible at once or even 23.50 – also as early as on Monday! Not before a dayly close below 25.60 beneath the weekly support Gann Angle that will pass at 25.70 next week the actual weekly sell-signal will be definitely confirmed because thereby the monthly support is expected to be broken as well. The risk/reward ratio for shorts is extremely good!!
Happy trading
Rahul kumar
Happy trading
Rahul kumar
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