Silver is collecting potential to see higher prices
XAGUSD built a double bottom in a strong support area (A and B Point) followed by the buyers did not allow the chart experiences lower prices and the chart built C point. So, the C point shows that the buyers' power is more than the sellers'. Also, XAU and XAG have a high correlation rate near 90%. Given the XAU analysis I did, the XAU correction is ending. According to this evidence, I expected that XAGUSD will see higher prices and goals .
Note: Before it touches the higher prices, It needs to correct to First Entry Point because MACD shows -RD between two top. If this scenario fails and the chart goes up, I will enter after the chart breaks Second Entry Point.
Note: Before it touches the higher prices, It needs to correct to First Entry Point because MACD shows -RD between two top. If this scenario fails and the chart goes up, I will enter after the chart breaks Second Entry Point.
Note
Transaction en cours
XAGUSD is more possible to breaks its downtrend line and continues its uptrend
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.