The chart suggests that the correction will continue untill it reaches its long-term support running from 2011. It is quite logical that this will follow after the washout experienced by precious metals in March causing this anomaly when silver lost about 50% of its value in terms of gold. I am expecting the ratio to be equal to 88 by early July. This implies a bullish market for gold and silver, where XAGUSD will outperform. Lookout for updates regarding silver, we will see some interesting price targets and nice trading opportunities.
Giao dịch đang hoạt động:
Target could be reached by June 29th. When the ratio reaches 94.70 - the previous low, I will use the profit from my current position to pyramid and open another position.
Giao dịch đang hoạt động:
94.70 sell stop activated, added to our current position.
Bình luận:
Silver looking very very strong. Target to be reached soon.
Đóng lệnh: đạt mục tiêu:
It has reached the line of support.
