Silver AU
XAG/USD on weekly
hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now
momentum is still on the downside shown by the cycle of power, we could as low as $14
a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here
Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold, many analysts looking for the to balance out a bit too
aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above
any Q's please leave them in comments or join our telegram channel
XAG/USD on weekly
hunting the floor here and looking for a reversal, vix fix showing clear market bottom for weeks now
momentum is still on the downside shown by the cycle of power, we could as low as $14
a USD rally will force the price lower towards $14 but if USD/DXY starts dropping towards low 90's we can get a good mid-term long trade here
Silver has big potential for upside motion with the gold/silver ratio being slanted towards gold, many analysts looking for the to balance out a bit too
aggressive traders might want to start testing the bottom but more conservative traders will look for support at $15 and go long from there targetting $16 and above
any Q's please leave them in comments or join our telegram channel
Nota
going in with the daily viewNota
we can see a bit of a dead cat playing out looking to get a proper floor formed or if we test lows for a better entryNota

another quality chart from threesteps
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.