Silver / U.S. Dollar

Short

#XAGUSD Time for Retrace

Updated

I think after a healthy rally we have now hit the EMA200 on the Weekly and are due for a retrace. If we blast through this resistance next stop is in the 20s.

Note

Retrace has started, a little higher than I expected but it looks like the Europe and U.S. sessions are closing out and taking profits.

Trade closed: stop reached

Well that didn't last long with Silver spiking to 19.8 all bets are off, Closing trade.

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