Both Gold and Silver are showing slanted top, and it starts feeling nthat we will move to test $ 24.52 cloud support. The MACD is negative almost, and this applies to GOLD as well. Oil same, so it feels we are in a world of unwinding longs for commodities.
this will create JPY strength as well, and will help USDJPY to correct lower.
For now, abort LONG SILVER and start being on SELL side. I suggest SELL $ 25.00-25.25 and place stop-loss above 26.05.
Profit order @ 23.45.
this will create JPY strength as well, and will help USDJPY to correct lower.
For now, abort LONG SILVER and start being on SELL side. I suggest SELL $ 25.00-25.25 and place stop-loss above 26.05.
Profit order @ 23.45.