ridethepig
Long

A buying opp for Silver as ECB confirm recession is coming

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Fundamentally we have had a very fast leg down right on time for the Yen repatriation fiscal year end flows to begin. There is a lot more upside in the dollar move to come as investors are running to cash.

Silver will naturally benefit from the risk-off nature of these flows, here we have a great buying opportunity for those wanting to invest in more coins.

On the technical side we have completed our first impulsve wave leg to the upside and the retrace in wave 2 is coming to an end. Here building positions for the remaining legs in this move with an initial target of 17.0

Please see the gold charts attached for more information on the impact from a global slowdown on commodity pricing.

Thanks for all the support guys, please remember to like and comment.
Comment: Well done all those enjoying this move...
Comment: First target at 15.4 hit! Time to move stops to entry and see if we have hit the home-run.
Trade closed: target reached
BUY BUY BUY !!!! SILVER and GOLD!!!!!
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@fxing, :) Very good timing, risk entering back into the room.
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