ScienceBasedTrading

Short-term selloff in metals expected

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ScienceBasedTrading 已更新   
OANDA:XAGUSD   白银/美元
I expect we will see copper, gold, and silver being offered the coming days. A short term short in XAGUSD could be a way of profiting from the potential downside.
In case you want to short, you can put a stop above the high at around 32.5, and we will define target later. I expect around the 29 level. In case we hit 30, you can move stops to break even to take the risk off.

Cheers
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We are starting to see weakness.
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moving stop to break even at around 31.2 - I will sit on my hands to see how it plans out, but I assume we will have more weakness
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closing half at 30.2 - stop is still it break even for the rest
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stopped out at break even on the last 50%
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