XAGUSD daily
RSI overbought somewhat, any pullback a buying opportunity.
MACD breaking out from a massive triangle ( 2011 high ).
Broke Downtrend_line 2011 high, 13' Triangle. Gold to Silver ratio in favor for Silver. Gold/Silver miners outperforming.
Broke critical break_line channel 2012. (blue)
Cyclical June low. Short Covering.
Target 21.355, 22, 24
Supports 20.590, 200 sma
Stop 20$ (Under 100,200 sma, channel)
RSI overbought somewhat, any pullback a buying opportunity.
MACD breaking out from a massive triangle ( 2011 high ).
Broke Downtrend_line 2011 high, 13' Triangle. Gold to Silver ratio in favor for Silver. Gold/Silver miners outperforming.
Broke critical break_line channel 2012. (blue)
Cyclical June low. Short Covering.
Target 21.355, 22, 24
Supports 20.590, 200 sma
Stop 20$ (Under 100,200 sma, channel)