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Facts:
- The momentum of the EMA (100 & 200) remains bullish.
- The MACD (12,26,9) indicator is generating a bullish signal — the MACD line crosses above the signal line from below.
Trade : Long position on SILVER at market price
- Target: 92
- Stop: 70
SILVER (D1)
Source: xStation5 OPINION : Silver has gone through a consolidation period after the crash at the beginning of the year. The current levels provide a solid base for a return to the long-term uptrend. Methodology and assumptions:
- The recommendation is based on technical chart analysis, in particular EMA moving averages, Fibonacci levels, and the MACD indicator.
- The target level was determined based on FIBO levels.
- The protective stop-loss order was set based on a favorable risk-to-reward ratio and is also based on a FIBO level.
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