XAG/USD
sell
Entree: 29.836
Take profit: 23.500
Stop loss: 30.136
Silver looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Silver is just like gold overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 23.500.
Have a good day.
GV
sell
Entree: 29.836
Take profit: 23.500
Stop loss: 30.136
Silver looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Silver is just like gold overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 23.500.
Have a good day.
GV