XAUXAG - An interesting idea V1.0

Before trading this idea you need to read and understand this idea :

I suggest to take this trade only with a XAUUSD long trade with the same margin impact as your XAGUSD short.
This is the only way to minimalize the risk of shorting silver.

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Both position. -xauusd and xauxag- in profit.

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I just noticed I misstyped the title: XAGUSD- An interesting idea v1.0
This idea is about silver..

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The premarket top was at +8.5%.
We had a nearly 15% drop in 6 hours. This looks like an intermediate top.

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Remember :Silver will drop much harder than gold. The reason is tge XAUXAG ratio.

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Sikver boroke down from the triangle. The ICL decline started.

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I think silver’s drop will be steeper than gold. Even if gold slows down tomorrow silver can have a -8% day again if the xauxag rallies.

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10 SMA backtest and drop again.

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A possible continuation triangle here what broke down the trendline.

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The measured target is 20$...

chartwatchers

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chartwatchers

Also on:

Related publications

XAUXAG long - Safe house

by chartwatchers