Forex Daily Technical Analysis Silver Dropped! Friday Again! This week, market was fluctuating for Oil, but for Gold and Silver it was a bit different. Silver dropped as price touched the channel top level and broke both ema=8 and ema=21. Is this a sign of reversal or only a retrace? next week will reveal the truth. Oil is forming a good flag and if everything goes right, we can expect a 300 pips up move. I have a pending order on top of the flag with R:R=2:1. Gold had a good bullish pin bar on thursday and moved back to touch the low price of the pin bar again on friday. It's a bullish move and I think we can expect price to move back up again, but we should wait for the next week open.
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