Hello, Traders!
SILVER is trading in a pattern
That is somewhat similar to the one of Gold
And I've just posted a short on Gold from the falling resistance line
Which is present on Silver chart too
So why do I intend to short Silver higher than Gold?
Its because on Gold chart the more important horizontal resistance is already reached
And forms a confluence...
Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs.
Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day...
