$XAG -Weekly Uptrend Outlook

- Silver has been suffering for a while, correcting in it's Price Action.

Uptrending from August 2022, it has done printing
a Bullish EMA's Crossovers of Mini(20&50EMA) and Major 50&200 EMA;
post trendline resistance break-out
and re-testing it as successful support before aiming higher

Currently it has found a small support base stuck between 20 & 50 EMA on the
Weekly, while worth noting is that it has lost the Golden Zone of
Trend Fibbonnaci Retracement taken from the Lows of August 2022 .

Lower supports on *W is 200EMA and just below it a big Order Block found in
8Hrs (tf).
A negative downtrend would be established by losing grip of that 200EMA and
8hrs OB,
as well the loss of 0 fibb retracement at 19.85$ as a Change of Character

Important Candlestick being printed this Week (2 days; 4hr to close)



TRADE SAFE !

*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before participating on any kind of trading acitivity based alone in this
idea.

Comentário:

Weekly Close above 0.5 Trend Fibb' Retracement on Silver

Comentário:

$XAG/USD (Weekly Uptrend Outlook update)

Uptrend still intact for Silver
Last LH must hold as support in order not to get a BoS

Comentário:

$XAG/USD (updated)

Below Targets of Supports
Losing grip of Trend Based Fibbonacci Retracement