Silver AU
XAG/USD on weekly
hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now
momentum is still on the downside shown by the cycle of power, we could as low as $14
a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here
Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold, many analysts looking for the to balance out a bit too
aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above
any Q's please leave them in comments or join our telegram channel
XAG/USD on weekly
hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now
momentum is still on the downside shown by the cycle of power, we could as low as $14
a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here
Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold, many analysts looking for the to balance out a bit too
aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above
any Q's please leave them in comments or join our telegram channel
Comment:
going in with the daily view
Comment:
Comment:
we can see a bit of a dead cat playing out looking to get a proper floor formed or if we test lows for a better entry
Trade active:
silver outperforming Gold today
silver outperforming Gold today
Comment:
another quality chart from @threesteps
another quality chart from @threesteps
Trade active:
DXY pushing hard giving good entries for Gold and Silver
DXY pushing hard giving good entries for Gold and Silver
