GreenGateFX

21FX XAGUSD - Daily

OANDA:XAGUSD   Silver/USA-dollar
This is a worrying chart for Silver. Its broken down quite forcefully and is trying to pullback towards the 50% level of the impulse. Now we will wait and see how it reacts, its testing what could be a trend inside the trend, rejection here is bad news for Silver as there isn't much below to stop it. We have to wait and see, right now we're neutral on this.

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21FX

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