NF414
Short

Top in Silver seems to be set!

FX:XAGUSD   Silver/U.S. Dollar
We have seen a massive (and engulfing ) sell-candle today as silver             gave up roughly 2.50% of its worth. It very much looks as if the downtrend in silver             (and gold             ), which started April             2011(!), now resumes as a lower-high now looks to be set on 10-07-14 and we're going to test the major support-level at around 19$ once again.
To trade this, it should be wise to wait for a decent pullback into the 21.134-Area for a better risk-reward-ratio.
Position closed. We almost hit target yesterday and today have a huge bounce in gold - silver might follow to the upside.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out