Silver Elliott Wave Perspective Update... for OANDA:XAGUSD by HDFX-Trading

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A Complex Correction or a 5th Wave Extension? Time will tell
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Comments

Excellent analysis! How long would you expect (if the current global economic conditions remain linear) a retracement to take before a buy opportunity arrives?

Do you have any personal trade entry points in mind?

HeyJonBray

@HeyJonBray, I personally missed the boat... I wanted to buy from much lower levels around 17ish but too late for me... I dont know bro... Now that gold is at all times highs, the sky is clear but on the other hand I do not like fact that everyone is buying too...

HDFX-Trading

@HDFX-Trading, It does feel like I missed the boat as well, I almost bought 2x 100g bars at ~$17.50 but decided to add to my cryptocurrency portfolio instead (can't complain about that).
It really looked like it was going to trade sideways around $20.

Agreed about the buying, I think it accurately summarizes the current sentiment. Silver possibly going parabolic, gold @ ATH, Crypto market cap increasing quite a bit, and $4 billion locked in DeFi and counting.

It appears the $USD is being shorted. Shocking.

Thanks , this will be very helpful , keep us posted in case of any further updates

TradingView need to improve the video player server is one of the lowest loading I ever see right?

Anyway yes I hope for a nice complex correction

StarFoxAmara

@StarFoxAmara, Check your IP? This loaded immediately for me at a very high quality.