FX:XAGUSD   Silver/U.S. Dollar
Wait for break, we will see some more sideways movement before a clear change in direction. Assuming gold             analysis is correct silver             will follow a similar path and will fall to Pre-Brexit levels
As silver doesnt follow gold all the time, maybe we could continue up up and away ? or do you thnik a reversal is due any time now...?
TheConcierge DownUnder
If you check my related ideas you'll see this time gold and silver followed a similar pattern, to be honest I am not sure today, XAU market has been pretty volatile, however, It is apparent in times of crisis and uncertainty people move away from currency's to commodities, my reasoning in expecting a short position is as global markets continue to stabilize it should return to Pre-Brexit levels similarly with XAG. (However, many people/traders seem to speculate that XAG is going to see a strong uptrend)
DownUnder TheConcierge
agreed :) sometimes what we wish for gets the better of our judgement.
TheConcierge DownUnder
Definitely! Best to keep an open mind and plan out possible scenarios, then depending on how the market is moving and if its supporting either possibility X or Y provides evidence/support for possibilities and from their can make a more calculated and informed decision :)
Nice analysis, I guess you can't win them all right! :)
Check out what I posted up today if you want to recover some of the losses ;)
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