Clearer on the daily chart how XAG looks to have broken out of a continuation pattern while the 4h shows a successful retest and okay volume.
A long here is appealing assuming we don't get another massive sell off in equities that causes gold and silver to sell off to cover margin calls.
An leveraged long play here may be appealing with a stop-loss just under $14.70. Short term TP would be ~$17
A long here is appealing assuming we don't get another massive sell off in equities that causes gold and silver to sell off to cover margin calls.
An leveraged long play here may be appealing with a stop-loss just under $14.70. Short term TP would be ~$17
Comment:
*typo, meant to say "An *UN*leveraged long play"
Trade closed: target reached:
And $17.
Sure it could run a bit higher, but for now I'll wait to see a re-test and defense of the 200dma we just crossed before considering another long.
Sure it could run a bit higher, but for now I'll wait to see a re-test and defense of the 200dma we just crossed before considering another long.
