I chickened out after the small bullish 03.01. candle but I learned a very valueable lesson.
This showed me how strong these levels (78.6 Silver, 61.8 Gold etc.) are. If we draw the Silver down-fib-swing from the moment the downtrend started (somewhere in the middle of last year) we also have a 50 fibs alligning with 78.6 and the 162 extension.
Also I noticed here what Raj said yesterday “we prefer the market to slugglishly reach these levels like 78.6” – if we get a rally to these levels e.g. aud/nzd or the current usd/jpy move, we better stay out.
Are you all scared of the USD crushing us now :)? haha
I was bullish Gold/Silver but my opinion changed after yesterdays candle showed what they rally want.