Silver should follow gold in Israels ground attack

Finally Israel will start the ground attack tonight and gold already reacted by reaching the important 2000 area. Silver has the same setup as gold, but corrected deeper than gold. Please understand that this trade is risky, as the position is opened directly before the weekend and things can change rapidly.

Important resistances are: 23.5, 24 and 24.5

Trade ist aktiv:

The ground attack didn't have the impact to stabilize Silver over the 23.5 level, because there was not much reaction from Israels enemies. The picture still looks bullish, but there is a higher possibility of a deeper correction.

Think about reducing risk, as there is NFP data tomorrow.

Trade ist aktiv:

NFP and other data came out to be negative for the USD. The trading plan is still valid. If you want to enter the trade observe the resistance of 23,2. A close above should open the mentioned targets.

Order storniert:

Szenario got invalidated. The fundamentals were not strong enough to push Silver higher this time. There is no clear structure in the market, stay away.

Kommentar:

Wow, the TP zone is really close again. To be honest, I haven't seen this deep correction coming. If you are still in, get ready to take profit.

Trade geschlossen: Ziel wurde erreicht:

Reached the TP zone, this one left without me. Move on to the next one.