Gold, Silver, Platinum Forecasts – Gold Retreats Amid Broad Sell-Off in Precious Metals Market

I was planning to post an image shortly after I entered this position around four hours ago, but then I totally forgot all about it...

XAGUSDM5.png


My rationale for making the trade was that the numbers said silver has had a bullish day-to-day bias ever since June 27th, and that if the metal intended to continue this sentiment, it ought to climb higher from its recent local minimum down around 29.314.

It fell just a little short of hitting my take-profit target an hour or so ago, so I was going pocket the profit still available, except now I'm going to have to wait until the market is open again before I can do so.
 
I was going pocket the profit still available, except now I'm going to have to wait until the market is open again before I can do so.
It turns out that silver hit my target anyway, 20 minutes after the next 24-hour market cycle got started...
Screenshot_1.png
 
In the EU session there was Supply more than Demand.
At 7:30 was the news. The price made a rapid downward movement, then ran upstairs. Demand has increased sharply. Easy movement.
GC 08-24 (60 Second) 2024_07_11 (7_49_41 AM).png
 
Back
Top