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
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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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...?
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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)
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DownUnder TheConcierge
agreed :) sometimes what we wish for gets the better of our judgement.
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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 :)
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