Razvan

SILVER/GOLD/EURUSD - overbought situation

COMEX:SI1!   SILVER FUTURES
486 6 2
These three that are in a good correlation, even more now after the QE3 announcement, are showing negative signals on the daily charts - overbought on the 28 RSI . Going long might necessitate tight stops, while for the shorts should be waiting for a confirmation in the price action.
All of them made the correcton expected.
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Agreed.
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Agreed.
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Followed.
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It would be interesting to see how it goes. Please keep posting.
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Razvan charttrader
They all made a slight correction just after i have posted. EURUSD came back close to 1.3, gold fell to 1750 and silver to 33.70 - 34.00. Now it seems that all of them are trying to make a new high.
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