djmitchb

Silver XAGUSD Calling in the low

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Calling in the low! 4hour chart shows a bounce up on the close at a structurally important area tested during fridays session. I have opened this trade before the close and was able to catch the bottom at 14.48. I have also seen the gold/silver ratio has printed a divergent high vs previous high and selling came in at the close. so looking also for a short term reversal in that Ratio - I will post in a separate chart. I am going to guess based on the fib levels and extensions/resistance that we are going to generate some kind of reversal pattern here.
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