Silver / U.S. DollarShort
SILVER - Double top
Updated
If gold is in a decline mode silver is dropping too...
Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$.
We might backtest the breakout again at 26$ in a few weeks.
And also notice on the XAUXAG chart silver printed a daily swing yesterday :
https://www.tradingview.com/x/lBhoHITt/
It might want to backtest the triangle~s lower trendline.
If the XAUXAG chart moving up the silver decline will be much more severe.
Prepare for the double top to break down soon !
Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$.
We might backtest the breakout again at 26$ in a few weeks.
And also notice on the XAUXAG chart silver printed a daily swing yesterday :
https://www.tradingview.com/x/lBhoHITt/
It might want to backtest the triangle~s lower trendline.
If the XAUXAG chart moving up the silver decline will be much more severe.
Prepare for the double top to break down soon !
Note
Double top neckline is broken.Note
Dip buyers bought the drop at the neckline yesterday like there is no tomorrow.We need to go much lower from here to reset this bullish sentiment.
Note
Back below the neckline:Note
XAUXAG triangle Note
On the way to backtest the trendline
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