Hey guys, thought I'd give you a little update with how we're progressing.
As you can see in my chart we've arrived at the 100% fib line, roughtly 1516, passed it and tested for support. Right now would be a great rime to buy. There's also a solid support level just below at about 1514.5 on last weeks VPVR (can't see it in my chart, but I promise it's there). Also note the low stochasitcs on the H4 ready for a push to at least 1535 with a TP still in the region of 1556 - 1559 (Jan 15 possibly?). Although this analysis is probably obvious, the last few trading days have been tough. The reason I can see that progression is slow at the mo is that Silver needs to catch up. It's usual exaggerated movements, relative to Gold, have left it a little lagging. As I type the XAG H4 stochastic is turning so I expect a good push up toward 1530 in the very near future.
Good luck and dont...
...get stopped out!
Happy trading.
As you can see in my chart we've arrived at the 100% fib line, roughtly 1516, passed it and tested for support. Right now would be a great rime to buy. There's also a solid support level just below at about 1514.5 on last weeks VPVR (can't see it in my chart, but I promise it's there). Also note the low stochasitcs on the H4 ready for a push to at least 1535 with a TP still in the region of 1556 - 1559 (Jan 15 possibly?). Although this analysis is probably obvious, the last few trading days have been tough. The reason I can see that progression is slow at the mo is that Silver needs to catch up. It's usual exaggerated movements, relative to Gold, have left it a little lagging. As I type the XAG H4 stochastic is turning so I expect a good push up toward 1530 in the very near future.
Good luck and dont...
...get stopped out!
Happy trading.
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