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CFDs on Silver (US$ / OZ)
Long

Buy XAGUSD

By Viggo_Lewis
Updated
Make your own decision I choose to scalp it personally when it starts to retrace, or you can just place the trade and swing it. I believe that the continuous inflation on the US dollar is steadily going to drive gold and silver up. However, the recent retracement will likely vanish soon when another round of economic stimulus funding comes. Hope the trade goes well :-).
Comment
Bounced Off Fibonacci. Monitor the Fibonacci lines
Comment
Monitor closely around points 24-24.4
Comment
If you want to trade gold using this anywise it would probably work I'm going to release XAUUSD analysis tomorrow.
Chart PatternsFibonacciTechnical IndicatorssilverlongTrend Analysis
Viggo_Lewis

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