Well I thought I should introduce Silver to the analysis as I've been testing it for months now and I'd like to share my idea's on it ...
Now if we take a look at silver ,its really not that much different from Gold and it somehow moves in Gold's footprints or should i say they correlate .
So Silver had a triple top formation and impulsively broke through support zone (22.70 - 22.58) and we are now waiting for a bearish flag formation or a correction to the support zone turning it into resistance then we can safely enter a sell trade to the next significant zone which i believe is support zone (21.52 - 21.43) .
(THIS IS SOLELY JUST AN IDEA AND NOT A SIGNAL)
;)
Now if we take a look at silver ,its really not that much different from Gold and it somehow moves in Gold's footprints or should i say they correlate .
So Silver had a triple top formation and impulsively broke through support zone (22.70 - 22.58) and we are now waiting for a bearish flag formation or a correction to the support zone turning it into resistance then we can safely enter a sell trade to the next significant zone which i believe is support zone (21.52 - 21.43) .
(THIS IS SOLELY JUST AN IDEA AND NOT A SIGNAL)
;)