Daily Technical Analysis on Gold and Silver - Wednesday 11-3-2020

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 today. We also offer free Forex recommendations for all the followers and followers of Hinnawi FX site, which specializes in Forex analysis and currency market analysis daily. We offer the best free Forex recommendations and the strongest professional trading signals by God Almighty with high accuracy and great professionalism.

gold

The gold movement is still cross, as we expected after the strong movements during the previous period.

We believe that the gold trend for today is bullish and an attempt to attack the resistances respectively 1670 - 1691 In the event that the yellow metal succeeds to penetrate 1670, the door will be opened to achieve new heights. We notice that there is no selling pressure on the contrary, completely forming a trend. The bearish trend increases the likelihood and weighting of our analysis for today.

Silver

Silver, yesterday's closings formed a bar crossside pattern with a symmetrical triangle formation and the upper leg was broken which makes us expect a bullish corrective movement for silver that may extend to areas of 17.70 T