Silver XAGUSD Calling in the low

15 mar 2020

Calling in the low! 4hour chart shows a bounce up on the close at a structurally important area tested during fridays session. I have opened this trade before the close and was able to catch the bottom at 14.48. I have also seen the gold/silver ratio has printed a divergent high vs previous high and selling came in at the close. so looking also for a short term reversal in that Ratio - I will post in a separate chart. I am going to guess based on the fib levels and extensions/resistance that we are going to generate some kind of reversal pattern here.