XAGUSD – Silver – Monthly
I was playing with this puppy like 25 years ago, but as I avoid anything that has mixed liquidity I avoid it as well.
But one of the Internet “Gurus” provoked me to take a closer look…Guy is calling for immediate reversal , talking how he’s selling it ( oh gimme a break…you might be selling eggs on the farmers market somewhere, but not this) on every uptick and blah, blah, blah..
He is declaring the double top ( No it’s not – we had a marginally new high already this month ) , and only problem that I see here is that 50% Fibo line just above the head – about 30.500-31.000.
However, pattern suggest more to come….so let’s see
To me more important is that trend line above at 31.600 – if above it, it can fly….
