XAGUSD SilverUSD Internal Fibonacci Patterns
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At 6:01PMEST "White House tells airlines it may suspend all China-US flights amid coronavirus outbreak"
Has corresponded to the price move in silver, gold and potentially bitcoin.
Silver has completed an internal fibonacci pattern 50-23.6-61.8, and price bounced off the 61.8 fib level. Was it coincidence, or are the markets controlled by more than fate?
Previous Analysis
This is not trading/financial advice.
twitter CNBCnow/status/1222293526232412160
Has corresponded to the price move in silver, gold and potentially bitcoin.
Silver has completed an internal fibonacci pattern 50-23.6-61.8, and price bounced off the 61.8 fib level. Was it coincidence, or are the markets controlled by more than fate?
Previous Analysis
This is not trading/financial advice.
twitter CNBCnow/status/1222293526232412160
Not
Despite the news event, they managed to knock out traders and push the price down, we officially hit the 61.8, and now we're back where we started.The last candle made a signal for reversal on the 1 hour.
Not
The last lowest candle*Not
check out the FOMC Press Conference January 29, 2020Not
Fun Fact: Gold global production 2018 was 3,260 metric tons and Silver was 27,000 metric tons. This is a ratio of 1 : 8.28, the “price” ratio is currently 1 : 89
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