Categories: Forex Education

Look To Buy Commodities With A Break

Both GOLD and SILVER created a short-term bottom this past week, and it looks like they might trade higher moving ahead. There are many signals emerging, which points to the bullish pressure. Both commodities are trading in a range, and once the range is broken, there might be a spike higher moving ahead.

So, I think the best idea would be to wait for a break in both SILVER and GOLD, and once the range resistance is breached we can enter a buy trade.

Technical Analysis

H4– Range trading in GOLD as buyers await for a break. We are waiting for a break above the range resistance to enter a buy trade.

H4– Range trading in SILVER as well. We can enter a buy trade if there is a break above the range resistance.

Entry:

Targets for GOLD: $1120 and $1130
Target for SILVER: $15.20 and $15.40
Stop Loss: Below the last low before entering into a trade.

Video Explanation:

Yours,
Vlad

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.