Technical Reviews for Gold and Silver (April 2018)

[itu]

GOLD (XAUUSD)
Dominant Bias: Neutral
The market bias is neutral in the long-term and bearish in the short-term. Since February 2018, price has been ranging (whereas December 2017 and January 2018 were bullish). However, going short-term, price dropped sharply in the last week of March, and made a rally attempt on April 3, only to get corrected lower on the following day. Given the current price action, a movement to downside is much more likely than a movement to the upside, when a breakout does occur. There is a strong supply barrier at 1360.00, which has been the major supply zone within the last two months. The demand zones at 1320.00 and 1310.00 would likely be tested this month.


SILVER (XAGUSD)
Dominant Bias: Neutral
Silver is also neutral in the long-term and bearish in the short-term, just like Gold. Price has been consolidating since February; whereas December 2017 and January 2018 were bullish. In a smaller time horizon, last week was bearish, plus this week, whose bearishness follows an abortive effort to effect a rally. A closer observation of the market behavior in the last several weeks reveals that bulls are getting weaker, and thus, bears would take advantage of this by pushing price lower and lower, towards the support levels at 16.2000, 16.1000 and 16.0000. Should this happen, the precarious Bearish Confirmation Pattern in the market would become stronger.


Source: www.tallinex.com

[Baz Dent]

Traders are having a growing interest in automated trading because no mental and manual labor is required for EA trading. EA trading is getting trendy with time and professional and expert traders have proven EAs and these robots are performing better. Eurotrader allows traders to apply EAs on their trading platform and they allow traders with an attractive 111% deposit bonus.

[Roly]

We are obliged to always be there where the stages of the learning process are carried out so that we will understand how to do the right trading. If we want to try and learn, it will make us understand the ways in which trading is profitable

[Baz Dent]

If you have enough support, you can easily conquer trading, otherwise it will be difficult for you. You can get this support from your broker. So, start your journey with Eurotrader broker because they allow traders with a big 111% deposit bonus.

[Uncle Gober]

Exactly right, I completely agree with that, if we do have the right support like a broker, then we will be assisted in doing forex trading, that's why I joined Tickmill, and can trade comfortably and safely here.