BA_Investments

XAGUSD SHORT *H&S PATTERN*

Short
FX:XAGUSD   Silver / U.S. Dollar
XAGUSD (Silver) is lining up for a short down to the $22.30 support zone. Price got manipulated by so called 'Reddit traders' who threatened to short squeeze the price of Silver as a counter attack on hedge funds positions on Silver. Price rose on Friday but very quickly got rejected by a major resistance zone, coming back down and closing the daily with a huge wick which could also 'coincidentally' be considered a liquidity grab before it goes down again like hedge funds want it to.


This correlates positively with my Gold short position which I have also posted an analysis for on my channel. I will be cashing into this move alongside my Account Management investors.

TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.