cryptegrity

Silver 2W pushing into cloud

Long
OANDA:XAGUSD   Silver / U.S. Dollar
At the long time-frame of two weeks with ichimoku we see the price testing the bottom of the thick red cloud. At some point soon I expect a decisive entry into the cloud and the climb upwards to break from above cloud in the coming months. But not if JP Morgan can help it...

Now certainly seems like a good entry based on bottoming. However, silver still may be a long game until the breakout is confirmed. Then, kaboom. We'll finally be off to the races again like 2010/2011.

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.