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mortdiggiddy
Apr 28, 2022 9:56 AM

Long Silver to Year VWAP Long

FX:XAGUSD1D
Silver/U.S. DollarFXCM

Description

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Simple chart, simple idea.

Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.

Ultimately the better time to buy precious metals again may be June and July.



Gold is forming a very similar blowoff pattern when compared to August 2020.

Comment

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Failed trade, deflationary trend continues for metals after the big blowoff during the March seasonal top.
SeasonalitySupport and ResistancePitchforksSilverGoldpreciousmetals
Comments
RogerS
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Are you still in ?
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