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.
Nota
Trade ativo
XAGUSD is more possible to breaks its downtrend line and continues its uptrend
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.