You should buy SILVER before it's too lateSilver, like gold, has always shown itself to be a reliable asset, which is why you should take a closer look at buying it. Any assets like gold, silver and even bitcoin perform the same way. I mean regular growth in times of market volatility. To illustrate how the silver chart will behave, I would like to show you the gold chart for the last few years.
History is cyclical and just as altcoins follow bitcoin silver always repeats gold's movement only with a longer time delay.
Xadusd
XAUUSD (GOLD) I Potential Bearish Flag BreakoutWelcome back! Let me know your thoughts in the comments!
** XADUSD Analysis - Listen to video!
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XAUUSD (Gold) Flagpole & Pennant Formation?Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum.
The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with HL's).
This pattern normally suggests continuation in the direction of the main trend, I'm therefor looking for an entry on LTF's around the pennant lower border (1979), to the pennant top (2000) and then another entry using the same principle, after which I expect a breakout through the top with a target of 2015 (my resistance line), or alternatively another zigzag before the break (so important to be vigilan6t to get more pips, or just leave the trade as I don't expect the SL to breach if the overall idea is correct).
Ultimately I think we'll be heading up to meet the ATH (my red line), but this moves fast and so important for me to get in and get out.
Xagusd Trade Set UpStudy point 1 in the chart to see the abc structure and how the price broke the previous low, then compare it to the price pattern now at point 2.
As this pattern develops i will update this idea in case any possible change in the pattern. So comment, like, follow to stay in touch. thank you.