SILVER - SAFE HAVEN -
Added 2024-11-06 12:30:48 +0000 UTCI added Silver yesterday as a hedge against the election, it was a low risk hedge and adds to my safe haven and a position I intend to hold until the market corrects, so it was a comfortable add for me.
Price did flush down when it was announced that Trump will be the 47th President
But we can see on the chart that the 50 Day MA is exactly at the 0.5 Fib now at $31.3
This level has not been tested just yet but it is a very clear confluence level
I am happy with my safe haven position for now and this set up.
The pull back can go as low as the 0.618 Fib at $30.45 and still be valid in Wave 5.
The brief remains the same for Silver, hold it and forget about it until the correction is complete.
Comments
I think so. I just went in another buy. Now 3/5 buys in
Chris H
2024-11-06 15:42:37 +0000 UTCI’m so glad I managed to grow my position at this price. As a safe haven this is getting double the total allocation as other individual stocks do. Now 2/5 buys in.
Chris H
2024-11-06 14:39:32 +0000 UTCGood time to open a position?
ok
2024-11-06 12:55:42 +0000 UTCStarted a position aswell👌
Razvan Sandu
2024-11-06 12:32:48 +0000 UTC
