Short-term selloff in metals expected
I expect we will see copper, gold, and silver being offered the coming days. A short term short in XAGUSD could be a way of profiting from the potential downside.
In case you want to short, you can put a stop above the high at around 32.5, and we will define target later. I expect around the 29 level. In case we hit 30, you can move stops to break even to take the risk off.
Cheers
In case you want to short, you can put a stop above the high at around 32.5, and we will define target later. I expect around the 29 level. In case we hit 30, you can move stops to break even to take the risk off.
Cheers
Comment:
We are starting to see weakness.
Comment:
moving stop to break even at around 31.2 - I will sit on my hands to see how it plans out, but I assume we will have more weakness
Comment:
closing half at 30.2 - stop is still it break even for the rest
Comment:
stopped out at break even on the last 50%