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GCN3030

XAGUSD Monthly Bearish Divergence Potentially Forming

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
GCN3030 Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
Technical Indicators Silver XAG USD ( Silver / US Dollar)
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indicator silver xagusd
Silver chart shows a monthly bearish divergence potentially forming on the stochastic oscillator (14,3,3). Short 50 ounces (0.01 Lot) @ $25.133 (SL @ $31 TP @ $18.63) targeting 61.8% fibonacci retracement of bull move from March 2020 low to February 2021 high. Carry is slightly positive with my broker @ 0.06175 points. Hedging 25.57 ounce physical silver position.
Comment:
profit booked @ $25.041, may look for a better entry to short long term
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