Hey guys!
I see true potencial on XAGUSD for multiples reasons, both technical and fundamental.
-Strong demand for physical silver
-Gold & Silver markets in a bullish correction, silver already brokeout of the pattern and gold is about to (above $1932)
-Monthly timeframe (highest probability) pattern, the famous cup and handle, which gold printed last year and has yet to fulfill its targets.
-Short-term 61.8% fibbonacci level with confluence of the support level 26.5 that is currently bouncing with strong probability of weekly low.
-HUGE interest in cryptocurrency at "astronomical" levels, therefore when it cools down (as it has), we might see huge inflow to commodities.
-26% increase of USD circulating supply (M2) in one year!
-Soaring prices of risk assets, the trend is your friend!
With that bering said,
Keep your risk managed,
Mariano (@cryptofunded)
I see true potencial on XAGUSD for multiples reasons, both technical and fundamental.
-Strong demand for physical silver
-Gold & Silver markets in a bullish correction, silver already brokeout of the pattern and gold is about to (above $1932)
-Monthly timeframe (highest probability) pattern, the famous cup and handle, which gold printed last year and has yet to fulfill its targets.
-Short-term 61.8% fibbonacci level with confluence of the support level 26.5 that is currently bouncing with strong probability of weekly low.
-HUGE interest in cryptocurrency at "astronomical" levels, therefore when it cools down (as it has), we might see huge inflow to commodities.
-26% increase of USD circulating supply (M2) in one year!
-Soaring prices of risk assets, the trend is your friend!
With that bering said,
Keep your risk managed,
Mariano (@cryptofunded)