$XAGUSD - Breakout from an ending diagonal
Updated
Hi guys! 👋🏻
🔔 There is a very small gap in CFTC long and short net positions, long positions are increasing, non-reported net positions have 2x more long positions than short.
🔔 Covid19 new waves might support the new bullish for Silver and Gold.
🔔 Both metals tested their respective major support zones and Silver just broke out from the Ending Diagonal. Fear of inflation, fear of Covid19 spreading = hedging. Most known heding assets for long time are gold and silver.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Note
tp1Trade closed: target reached
Nothing is true, everything is permitted.
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