Technical Analysis of Gold and Silver

Trump’s Discharge From Hospital Shows Gold Down and Silver Expected to Go Positive


The Gold Seems down on this Tuesday morning in Asia with the weaker of the Dollar countering the pressure that improves the risk sentiment of the Recovery of the health of the US President Donald Trump’s that raised the hopes of the latest stimulus that measures the passed by the congress.

Gold seems at the edge at the down at the level 0.19% at the $1,916 remaining above at the level of $1,900. The Dollar was going down while the Asian stock.

Trump tried positive for COVID-19 during the earlier week close by spouse Melania Trump and was released from Walter Reed National Military Medical Center on Monday.

He will stay under clinical observation, nonetheless, with White House doctor Sean Conley warning that the president may “not be free and clear yet.”

Chicago Fed President Charles Evans said on Monday anticipated expansion to reach at the level  2% by 2023, asking for it to be pushed up to 2.5% to counterbalance the extensive range of below target value rises.

If we talk about the Silver market has gone back during the trading session on Monday. The Silver looks more positive than the negative that ultimately seems the 50 Day EMA that continous creates the headache to the traders to don’t have the confidence.

We probably pull back and go looking towards the $22 level where there should be a huge help, trailed by the multi-day EMA and afterward in the long run the $20 level.

This obviously will be significantly affected by what occurs with the US dollar, so remember that you to focus on the greenback as it will in general have an entirely unreasonable negative connection to this market.