GOLD ⚔️ SILVER

Updated

🥇XAUXAG🥈heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.

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Check recent XAGUSD setup:

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Here is the update guys. So price finally hit the predicted level and then dropped down hard. Currently at support. Please see down below the updated chart with description. Metals bulls around the corner?

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Support confluence broken, price plunging towards the lime uptrendline. XAGUSD pumping +7% currently.

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Playing out exactly as projected. We got close the lime uptrendline and then bounced up. Now price seems to be turning down again and if we break the lime uptrendline, I guess the metals bull will start their run.

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So the lime uptrendline has been broken and the Gold/Silver ratio dropped further down, now sitting at strong support 76-75.

In the meantime as expected both metals had nice run up against USD. Both are now at strong resistances and we are getting closer and closer to the decision point what the next move gonna be. Just take a look at my XAGUSD chart:

I will revise the XAUXAG chart and will post new idea. Stay tuned...

bizmark

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