Daily Technical Analysis on Gold and Silver - Friday 17-4-2020

In the name of of Allah the Merciful

May God’s peace, mercy, and blessings be upon you ... May God grant you good morning

We provide you with daily technical analysis on precious metals And better   Expectations on gold and silver for this day, as we offer free Forex recommendations for all followers and followers of Hinnawi FX site specialized in Forex analysis and currency market analysis daily, we offer the best free Forex recommendations and the strongest professional trading signals by God Almighty and with high accuracy and great professionalism.

gold

Prices responded to the model referred to by Thursday’s analysis by Climax (overbought) as a falling trend line was broken and new supply areas were formed which I consider excellent to push the gold down again We believe the trend for this day is down and God Almighty is higher and more knowledgeable.

Silver

A selling head and shoulders pattern that appears from the daily display areas. We believe that the trend for this day is a bearish trend, God willing, as shown on the above chart.

Disclaimer: Financial markets are very dangerous and you may lose large amounts of money in case you are not familiar enough with the Forex markets and financial management. These charts are analytical charts only, and we do not trade on gold and silver through Forex companies, so analyzes to know the next direction of gold and silver only.