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juanclos
May 7, 2015 10:03 PM

An idea on XAGUSD Long

Silver/U.S. DollarFXCM

Description

If we are moving up in the economic cycle, technology stocks are down, then commodities are about to rise, in that regard, Silver is a candidate despite all negativity sorrounding; the set back of the first leg down sounds like a profit taking from shorts, then a nice try to push back, in the meantime a smooth multiple round bottom formed, that might indicate accumulation from the public or others.
I did some speculation about this and some ideas are set in the chart.
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