Silver Crash, confirming future Gold CrashMajor Events about to happen, I decided to start by analysing silver which will confirm the expected drop on Gold we have been waiting for weeks now. The Monthly chart tells me we are in liquidation phase with all the crazyness happening arround the world, some think we are now recovering with many business opening and due to Gold / silver being a safe haven it will keep uptrending to 2000€ as we see in many news out there. I also believe gold will reach that target in a long term as Silver reaching 40€, but not before a major crash. A wave down will happen with all the shortage in the past time we saw on #DXY it will now rally to 111+ area, maybe 120 top target . This means Gold, Silver, US30, SP500 will all have a drop which I call the liquidation Phase. Fed extreme top will be the 111+ area for #DXY
For Silver i Suggest a Sell at market open SL 17$ first tp 12$ , 2 tp 10$ , 3 tp 8$
For Gold a sell from the top 1722 I added last week,
but if we see another rally up before the drop, Add another sell from 1705/1715 area Sl 1750 TP 1650 / 1600 /1550
Remember this is a Swing trade, If you want analysis for day trading Pm
