For weeks I loved the silver but now seems to be overbought, and overbought against the gold also(XAUXAG 79.25 maybe a failed break down). After a clear corrective wave (Zigzag, Flat, etc) further decline should come. So if there will be a reversal candlestick pattern, and a corrective Elliott wave then I will search for open a short position.
Be prepared for a turn!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Be prepared for a turn!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.