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Gold and Silver showing some signs of potentially changing direction

Coming into the last trading session of the week, at least there is some consistency being shown.

Following on from Thursday’s report, crude oil is still standing out as the asset throwing off ‘buy’ signals whilst equity indices point to ‘sell’.

Gold and Silver showing some signs of potentially changing direction, a situation worth monitoring.

 

Instrument

Hourly

Daily

GBP/USD

1.2754

STRONG BUY

STRONG SELL

EUR/USD

1.1665

NEUTRAL

STRONG SELL

FTSE 100

5,846

STRONG SELL

STRONG SELL

S&P 500

3,256

STRONG SELL

STRONG SELL

Gold

1,868

SELL

STRONG SELL

Silver

22.92

NEUTRAL

STRONG SELL

Crude Oil WTI

40.22

STRONG BUY

STRONG BUY

Bitcoin

10,631

NEUTRAL

BUY

 

Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.