Forex trading! S: support.adamantfinance M: info@adamantfinace.com Registration
Analytics Analysis of metals

Gold and Silver Technical Outlook December 27, 2017

27 December 2017
27_12_2017_gold.jpg
Gold offered an opportunity to open long positions from the MA13 according to our recommendations and the price was in the profit area for 600 pips. It was enough to take profit as the volatility is still low. If you had fixed the trades partially, we advise to close the remaining positions at current price as we expect some price consolidation today. There is no important data that is able to shake the markets.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold went upwards last week contrary to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
27_12_2017_silver.jpg
Silver offered an opportunity to open long positions from the MA13 according to our recommendations and the price entered the profit area for 12 pips max. It was enough as the volatility is low. It was better to fix all positions and to do it now as we expect Silver to start a consolidation period. There is no important events today to shake the markets.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to develop its slight upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Back to analytics