Silver longterm idea
Updated
Hello,
since nothing interesting is happening in crypto world, I am trying my best to understand and get feeling of other markets.
Silver is way more reactive than gold right now. It reminds me of compressed spring thats only waiting for its time to jump high.
Not sure if that first drop (marked on chart) is going to happen - it depends mostly on USD.
Anyway, USD is getting stronger not weaker so if you are not trading AUG-USD (your currency will most possibly get weaker in USD pair), not a bad idea to buy Silver w/o leverage if you do not want to miss the opportunity.
If you are playing with leverages I'd wait for 16.2 - 16.3 to get in the train. It will be a fast and long distance one, possibly to way higher prices than what I marked on chart.
This time Silver > Gold in terms of % gains.
since nothing interesting is happening in crypto world, I am trying my best to understand and get feeling of other markets.
Silver is way more reactive than gold right now. It reminds me of compressed spring thats only waiting for its time to jump high.
Not sure if that first drop (marked on chart) is going to happen - it depends mostly on USD.
Anyway, USD is getting stronger not weaker so if you are not trading AUG-USD (your currency will most possibly get weaker in USD pair), not a bad idea to buy Silver w/o leverage if you do not want to miss the opportunity.
If you are playing with leverages I'd wait for 16.2 - 16.3 to get in the train. It will be a fast and long distance one, possibly to way higher prices than what I marked on chart.
This time Silver > Gold in terms of % gains.
Trade active
feels bad. I missed the first train but most probably it is fake breakout. not shorting it tho.Trade active
go on...Note
cool, cool.now it's north or south to 15,5.
Trade active
Went down to 15.7, pretty neat guess if you ask me.We're in accumulation phase IMO.
Possible double top in SP, dax @ 50% retrace, NASDAQ in ATH area with Amazon going down soon.
Precious metals may shine in next few months (pun intended).
Note
DAMN:predicted today markets 100% accurate:
"Possible double top in SP, dax @ 50% retrace" only amazon is still doubletopping.
Next AGUSD drop possible (but I doubt it) because of USD growing stronger.
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