Silver is going up to 21.2 Long

Silver/U.S. DollarFXCM

Beschreibung

⋅ 26. Jun. 2016 14:55

It seems that silver retested the break trendline and got supported. It might go higher to 21.2. The first target is around 18.55.

Good luck for everyone!

Kommentar

⋅ 3. Jul. 2016 18:15

It was a fantastic bull week. It breaks out of the channel. The long positions look good so far.

Kommentar

⋅ 9. Jul. 2016 20:12

Nice! The price breaks out of the bullish flag.

Kommentar

⋅ 9. Jul. 2016 20:13

Bullish flag was confirmed up.

XAG USD ( Silver / US Dollar)Elliott Wave analysis Parallel Channel

Kommentare

IvanLabrie

⋅ 9. Jul. 2016 20:41

I'm with you on this one, and gold. Consider that the jobs report justified a big drop in metals, yet they both rallied, which is a big strength signal.

zhipengcfel

⋅ 10. Jul. 2016 10:01

Yes. And structure of consolidation last week seems just a correction not a top formation. At least it will test the previous top.

IvanLabrie

⋅ 10. Jul. 2016 10:28

Yes, definitely seems like it. Cheers.

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