As per attached big picture deflationary scenario I am expecting gold and silver to turn into long term down trend at one day, but not now yet.
Possibly we are in an intermediate (yellow) wave 4 now, with target around $19-$21 level.
27.80 is the level of 61% correction of the diagonal formed between Feb 1 and March 31, so it is could be a good level to initiate a short position.
Possibly we are in an intermediate (yellow) wave 4 now, with target around $19-$21 level.
27.80 is the level of 61% correction of the diagonal formed between Feb 1 and March 31, so it is could be a good level to initiate a short position.
