Updated Silver chart, not so important to do technical analysis now since fundamentals are stronger:
Fundamentals= NFP= Non-farm Payrolls (google it, I am not a big typer, sorry)
Good NFP= Many jobs= Great news for the US economy and the dollar = Dollar higher = Gold and Silver lower
Bad NFP = the opposite
What will happen? Well I wish I knew, I would know what to trade today..
positive sentiment, most likely will be positive (65% chances)
PS. Biden will talk today, 2 hours after the event... smells like a TRAP but i like Traps because they are also opportunities
the FXPROFESSOR
Fundamentals= NFP= Non-farm Payrolls (google it, I am not a big typer, sorry)
Good NFP= Many jobs= Great news for the US economy and the dollar = Dollar higher = Gold and Silver lower
Bad NFP = the opposite
What will happen? Well I wish I knew, I would know what to trade today..
positive sentiment, most likely will be positive (65% chances)
PS. Biden will talk today, 2 hours after the event... smells like a TRAP but i like Traps because they are also opportunities
the FXPROFESSOR
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