Much like in the old George Foreman grill commercials; "Just set (sell) it and forget it!". It's a dog but a great Short here!
Here is the "panoramic view";
It will deflate in 2 seconds flat, right along side with the rest of the currently prevalent inflation fantasies.
We Expect SILVER to move lower.
This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I really don't care.
We use ELLIOTT WAVE theory to determine WHAT the Pivot IS, we are expecting, (i.e. TOP or BOTTOM).
1) We use MULTI-TIME-FRAME Indicator analysis too fine-tune the PRICE and TIMING of...
XAUUSD is heading south. I had missed a trade late last night on this pair short. As forecasted on Sunday, Silver is going down. We are coming up to some key traffic areas . Lets see what type of reaction we get before entering. I will be looking for some good continuation patterns. Silver will fill the Daily IMB and Weekly IMB short at some stage. Lets see what...
Silver keeps failing to rise over the 28 dollar mark.
A drop back to previous support is now more probable.
Do we expect Silver to break over 28$ eventually?
The answer is yes but not while Nasdaq is dropping. That correlation is the key.
After failing to pass above 27.70-27.80 resistance, Silver dropped and broke under short term ascending trend line.
At this point, this trend-line is confirmed as resistance and XagUsd can continue its fall to 26 support
Also, a short trade for Silver can have more than 1:3 R:R