GoldAddict

Inverse H&S on 30 Min....Possible Breakout of Falling Wedge...

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver as been riding the resistance of the falling wedge closely..This new of the drone attack on the Saudi Oil Facility pushed money into the safe havens again...Depending on how this situation escalates will determine if the correction in PM's will be short lived...There is always a possible Black Swan to change the outlook and timeline of the markets...With how news travels nowadays, I think this news will blow over, But Silver may breakout of the falling wedge first, Although I dont think it is ready to make a higher high just yet...If the situation escalates to retaliatory strikes, then I think Silver and Gold will make their respective higher highs during that time...It all depends on what happens next with the sitiuation in Saudi Arabia...I am Long Silver and Gold on a longer term outlook...Pullbacks are welcomed as buying opportunities.
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