XAGUSD looking for LONG

XAGUSD has been consistently growing on the Weekly timeframe:
istantanea

We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement.
istantanea

Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make the price rebound to the upper trendline (also just below the 50% Fibonacci) somewhat below 18.40

The main trendline (violet in the chart) should anyway hold on the Daily.


albiontraderCommoditiescommoditytradingretracementSilverTrend LinesXAG USD ( Silver / US Dollar)xagusdlong

Anche su:

Declinazione di responsabilità