XAGUSD - Breakdown
Amazing to me how one tweet about cancelling stimulus talks takes silver down 4% after it was looking great. We have broken a key trendline and I am leaning towards the downside.
I refuse to short the precious metals because I think more stimulus is coming and it is just a matter of time. Nevertheless, this does not look good and I would expect the 22, 20, and 18 levels to act as support. I am super bullish on the precious metals and I consider this a buying opportunity.
Good Luck!
I refuse to short the precious metals because I think more stimulus is coming and it is just a matter of time. Nevertheless, this does not look good and I would expect the 22, 20, and 18 levels to act as support. I am super bullish on the precious metals and I consider this a buying opportunity.
Good Luck!
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