SILVER - Double top

31 May

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 !

3 Haz

Not

Double top neckline is broken.

4 Haz

Not

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.

4 Haz

Not

Back below the neckline:

4 Haz

Not

XAUXAG triangle

4 Haz

Not

On the way to backtest the trendline