UnknownUnicorn911305
The precious metals move is just getting started. The huge capulation move in silver marks the bottom as the gold silver ratio also made a nice grouping of pins at resistance. Anyone playing this market needs to look longterm as in monthly/ yearly charts and do not use any stops or you will get eaten alive. Silver leads the way always. The ratio is at historical...
The GSR is setting up for a short trade that will trigger one of the biggest precious metals moves ever.
Gold high probability reversal zone = 1235 - 1227 100% APP, 50% ATP (tomorrow), .382 RET Think we need one more day down and im looking for a nice capitulation and recovery and confirmed by silver being stronger. :)
High probability for a bottom here at confluence of fib projections plus lower trendline support.
Silver fell to the breakout trendline on bearish volume. Looks like an "A" wave to me but i have several alternate counts going right now. There are several layers of support just below but this thing wants to go down bad... if this is one of the last selloffs before a massive bull move that would make sense to me... :)