This is the bigger picture I am looking at from this years PA using fibs. I don't trade off MAs but I use them on one chart for reference and 200 has been flat for over a month and now has been kissed bang on the 50 fibo.

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Totally agree.

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The retracement has technically been completed. Any lower now is just going into the over sold territory. Not disputing it won't get to the low $1280s, no one know what "will" happen.

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Silver has reached psychological SR level at $20.5 - I personally see a retrace to at least $20.8 from here (not today but the next move). This is a gold thread but just want to keep the correlating pair in the picture.

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Even though there is plenty of scope for further movement down, i've closed shorts and loaded a few longs here. Potential double bottom.

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Retest of $1301 maybe?

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Need a close below $1292, continuation south and then a retest of at least $1292 again for $1280 to be seen.

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If Gold is respecting the $1301 level as resistance then further downside should be expected. Silver also needs to clear the $20.7 levels as below

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IMO I see mid to low $1280s approaching. $1280 must sustain for bull control to remain in play.

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Make sure you book your profits dude and don't give them away

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Scalpers paradise

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Pop southwards.

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PA looks like it is going to pop very soon especially on Silver coming to the edge of triangle.

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There is a new taste of wind in the air. However sad it maybe, for those who are spiritual may understand what I am talking about.

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url

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A plane has crashed in Taiwan and possible fatalities

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Silver is approaching crossroads also.

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Poor PA overnight. I have closed out my longs awaiting next movement to get it.

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Just for traders information on PA - I get a lot of PMs asking me simple questions, I suppose everyone starts somewhere. But just look at the chart below of Gold at current PA and look at the simplicity of PASR. Im not here to preach my trading ...

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