QuantitativeExhaustion

Panning For Gold and Silver

FX:XAGUSD   Silver / U.S. Dollar
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Be the river they say when panning for gold and silver , or is that fishing? Well either way we are searching for a bottom for gold and silver . Here I illustrate where a bottoming could occur for either silver or gold . 1.618 retraces from tops and bottoms usually are good places to find your pot of gold .

Comments

Looks like the gold pitchfork was spot on... silver close
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and do not take it as a position of Oanda.. but like the average statistical
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http://gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see how many stops are @ 25.50
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http://gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see buy stops 27.8 -possible move there but then i think "doll" has a big apetite for sell stops near 25.5, imo but only then i think it can go up
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Nickmail QuantitativeExhaustion
http://gyazo.com/0ffba9851b8d46d8fe3219d1dae8694a earlier (yesterday i show u 26.8 sell stops) & it take 26.9 more big part of stops
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http://gyazo.com/4125c9593e0abbfbf79fb9d458be9e8c here u can see buy stops 27.8 -possible move there but then i think "doll" has a big apetite for sell stops near 25.5, imo but only then i think it can go up
Reply