XAGUSD Silver Remain Open Short

2019-12-09 07:43:00

Good Morning from Asia and let's get a good start to the trading week!

Following the NFP last friday, XAGUSD has broken below the previous mth low and looking very bearish in the short term. Continue to lean short and target to clear 15.10 (the 1.618 fibo level) before any mid term bull trend turn.

XAUUSD is also expected to continue a similar bear trend till its target of 1416 is hit.

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