IvanLabrie
Long

Commodities portfolio: Long XAGUSD - Bottomed at Brexit support

FX:XAGUSD   Silver/U.S. Dollar
448 11 18
2 months ago
It appears like we can rebuy precious metals next week, which makes a lot of sense considering China is coming back on line after a week of public holidays.
The support level held, where the rapid ascent that happened during the Brexit referendum took place, so I see this as a low risk opportunity to get long on a breakout of last session's high.
Risk a new daily low here.

Good luck!

Ivan Labrie.
2 months ago
Trade active
2 months ago
Trade closed manually: I don't like the action here I'm getting out and holding CEF longs for now.
2 months ago
Trade active: Moving back above resistance now.
2 months ago
Trade closed manually: The reaction to the current situation shows lack of interest in metals, I'm closing for a modest 0.22% profit in gold and silver.
a month ago
Comment: Good I reentered right before the action started, I saved myself some cost in rollover.
a month ago
Comment: And, yes, I was spot on about the turn here...hope my followers caught the trade.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
nyanmaung
2 months ago
Me like.
+1 Reply
IvanLabrie TOP nyanmaung
2 months ago
Thanks. Good luck!
+1 Reply
albertwt
2 months ago
Cool, so it seems this week is the good time to buy some silver bullion :-)
Thanks Ivan.
Reply
IvanLabrie TOP albertwt
2 months ago
Yes, definitely!
Reply
summer6
2 months ago
Ivan, Silver long is looking good so far :)
+1 Reply
IvanLabrie TOP summer6
2 months ago
Yes, seems like a good trade.
Let's see how it goes during the week.
Cheers.
+1 Reply
summer6 IvanLabrie
2 months ago
yeah, on the daily chart, there is a plenty of room for Silver going up. but how strong US dollar would be matters. ^_^

cheers!
+1 Reply
IvanLabrie TOP summer6
2 months ago
If central bank are buying, it's going on up...that's my read on it. We see some leveraging going on in the background now, with USDJPY's action, and equities, so I'm inclined to see gold going up as long as central banks extend asset purchases (like the SNB and China of course).
+1 Reply
summer6 IvanLabrie
2 months ago
hope silver would test $18

^_^ cheers
+2 Reply
Ending the month prediction?? 19.5 or 16.5...
Reply
IvanLabrie TOP RJHumphries
a month ago
19.5 more probable in the short term.
Reply
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