Hi Guys its MAGIC LINE WITH XAGUSD (SILVER)Analysis 03-02-2023

2 Mar 2023

Just as usual I'm going to make this short and precise … LETS START SHORTING
SILVER LIGHTLY using proper RR MANAGEMENT ( SELL>XAGUSD( SILVER ))

SELL @ $ 21.50 AIMING $ 20 .00 AND FURTHER DOWNWARDS *****
SELL @ $ 21.00 AIMING $ 20.00 AND FURTHER DOWNWARDS ***

this is a correction from the analysis we shared a couple weeks
ago when we were buying silver .But that has changed.

Just as we all have seen across the board the dollar gaining
artificial strength over a basket of FOREX pairs and commodities WEIGHED
AGAINIST IT due to the HAWKISH stance the fed is taking on increasing interest
rates. As speculators we ought to follow where the SMART MONEY is
going to make money .And right at the moment according to our
magic line strategy we need to start selling silver LIGHTLY for NOW.
AT THE PRICES MENTIONED ABOVE

FOR ALL THOSE THAT ARE GOING TO TAKE THIS TRADE REMEMBER TOMORROW
IS NFP AND THE MARKET WILL BE VOLATILE ..TO SOME PLEASE DONT TRADE TILL
MONDAY ..BUT IF THE US CONTINUE TO POST STRONG JOBS CLAIMS THEN SURELY YOU
WILL SEE THE MARKET GOING DOWN BEFORE END OF DAY TOMORROW
BUT IF THE US post weak JOBS THAN EXPECTED THE MARKET MIGHT BUY TO OUR LIMIT
ORDER RIGHT AT $21.50

WILL BE UPDATING YOU ON HOW TO TRADE NEXT WEEK .....


Remember always trade with the trend until proved otherwise