Possible long XAGUSD

OANDA:XAGUSD   Silver / U.S. Dollar
Gold and Silver are obviously in an uptrend, but IMO it is the latter that may provide a better trade.
However there is a problem with R/R at current price. The stop must be below Friday low and since there is support nearby, it will have to be below 16.60 level.
I will be watching PA next week and if we get a retrace down towards the support area , I will be happy to take a long.
If that better trade entry does not happen, just let this one go.

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As always, please use sound money and risk management in all your trades.


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