There was an opportunity to open trades from the broken through trendline area on the Hourly chart. You could have 44$ as profit. The price is below the MA-channel at the moment and we give no recommendations in this situation as risks are too high.
There is no trend on the Weekly chart as the price is clos to the MA55 balance line. XAU/USD established downtrend last week. We expect Gold to have a correction towards 1250-1265,00 and then to resume its downside tendency.
The downtrend is in progress on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading at the moment as the situation is still unclear.
Silver went downwards as we expected. We advise to avoid trading today as the price is outside the MA-channel. The red trendline was broken through and Silver is trading in a downtrend at the moment.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The tendency was changed as the red trendline was broken through. We think that XAG/USD is going to correct this week and then it is going to resume its downside tendency.
There is the downtrend on the Hourly chart as the price is below the MA55 balance line. We advise to avoid trading today.