OptimoomFX

Silver could drop under 24

Short
OANDA:XAGUSD   Silver / U.S. Dollar
In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold.
At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory.
I'm bearish Silver in this context and I expect a new leg down under 24.
Gains should be very well capped by 26 resistance at this point
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Comments

number one
+1 Reply
Aaand theres the hammer
+1 Reply
Seems like a bearish pattern is forming
+1 Reply
makes total sense! since it is correlated with Gold!
Reply
OptimoomFX TheSignalyst
@TheSignalyst, yes, but more volatile though
Reply
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