long xagusd
entry: 15.7
stop loss: 15.4
tp :15.95
timeframe: swing
Dear all previous metals bulls,
Lets all make a guess, is gold reaching 1300 first or silver hitting 16 ? my odds are on gold of cuz, nevertheless , for those who wanna slowplay previous metals, you can try bulling silver as an alternative to gold.
As both metals has a very high correlation coefficient for last 2 months, it is wise to long either one of them , but you may try silver as it is more undervalued than gold. ( in recent months)
Do note that that silver is just hit a 3 years low of sub 14 dollars levels in as recent as nov 2018
As for the reason why I long previous metals, you can read my other post longing gold published on the same day
Best of luck in trading 2019
entry: 15.7
stop loss: 15.4
tp :15.95
timeframe: swing
Dear all previous metals bulls,
Lets all make a guess, is gold reaching 1300 first or silver hitting 16 ? my odds are on gold of cuz, nevertheless , for those who wanna slowplay previous metals, you can try bulling silver as an alternative to gold.
As both metals has a very high correlation coefficient for last 2 months, it is wise to long either one of them , but you may try silver as it is more undervalued than gold. ( in recent months)
Do note that that silver is just hit a 3 years low of sub 14 dollars levels in as recent as nov 2018
As for the reason why I long previous metals, you can read my other post longing gold published on the same day
Best of luck in trading 2019