Long Silver to Year VWAP
Updated
Simple chart, simple idea.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
Note
Failed trade, deflationary trend continues for metals after the big blowoff during the March seasonal top.
Find the edge.
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
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