$XAGUSD - 26.120 is a must-test level
Hi guys! 👋🏻
🔔 Silver mostly outperforms Gold whenever the DXY weakens, as a cheaper alternative of the safe-haven, similar to Bitcoin - Ethereum relation.
🔔 The daily chart demonstrates an end to the correction and an upcoming bullish run, Fibo 0.618 test, MACD and RSI.
🔔 Silver will continue bullish as global pandemic and money pumping into the economy continues. For the short-term I'd wait for a breakout from the dynamic resistance and go long upto the Fibo 0.618 level of the September drop, though Silver will and must test the dynamic resistance of the downtrend channel (flag).
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Silver mostly outperforms Gold whenever the DXY weakens, as a cheaper alternative of the safe-haven, similar to Bitcoin - Ethereum relation.
🔔 The daily chart demonstrates an end to the correction and an upcoming bullish run, Fibo 0.618 test, MACD and RSI.
🔔 Silver will continue bullish as global pandemic and money pumping into the economy continues. For the short-term I'd wait for a breakout from the dynamic resistance and go long upto the Fibo 0.618 level of the September drop, though Silver will and must test the dynamic resistance of the downtrend channel (flag).
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
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