Potential long for Silver (XAGUSD)
In this chart you can see that the price of silver is approaching a two year low and that it is currently sitting on a previous demand zone. As you can see in Dec-Jan 16' the price bounced off this support line and shot up to prices of 20-21 on a parabolic jump. Could this happen again? All we can do is speculate and see what happens.
Although this is simply an idea for a potential trade, if executed correctly, this could be a high profit trade.
Not intended as investment advice, I am posting this as an idea and as a reflection for my future self to look back on. Good luck!
Although this is simply an idea for a potential trade, if executed correctly, this could be a high profit trade.
Not intended as investment advice, I am posting this as an idea and as a reflection for my future self to look back on. Good luck!
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