Title date correction (11.Sep.2014)
Silver (XAGUSD), in 4H Tech Analysis Training look like this:
The XAGUSD pair has made a sharp decline below the KUMO. Now it is under 1.618 of fib ($18.718).
MACD is forcing its bearishness trend and RSI is oversold. All these signs make me think bearish as the pair is under of all the ichimoky indicators. In addition Chikoun Span is without any support.
Fib projection from $19.769 to $19.119 shows 2.618 at $18.07.
As you can see the XAGUSD lose a long term support. Short for $18.10 first. Stop loss $18.73.
Silver (XAGUSD), in 4H Tech Analysis Training look like this:
The XAGUSD pair has made a sharp decline below the KUMO. Now it is under 1.618 of fib ($18.718).
MACD is forcing its bearishness trend and RSI is oversold. All these signs make me think bearish as the pair is under of all the ichimoky indicators. In addition Chikoun Span is without any support.
Fib projection from $19.769 to $19.119 shows 2.618 at $18.07.
As you can see the XAGUSD lose a long term support. Short for $18.10 first. Stop loss $18.73.
