XAUXAG - Symmetric triangle
Updated
XAUXAG is consolidating in a symmetric triangle around the 2016-2017 correction zone. The symmetric triangle is a continuation pattern.
When it breaks we are
When it breaks we are going to test 56,8 and later 50,3.
The measured target of the symmetric triangle is around 42.
If gold rallies to 2300-2400$ and the XAUXAG drops to 42 at the same time silver will rally above 50$.
When it breaks we are
When it breaks we are going to test 56,8 and later 50,3.
The measured target of the symmetric triangle is around 42.
If gold rallies to 2300-2400$ and the XAUXAG drops to 42 at the same time silver will rally above 50$.
Comment
We are brekaing down soon.
I will post a silver long idea in a few minutes if someone is hesitating to buy or not : I'm buying silver.
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