XAGUSD: Trades for next few week

Traders:

Silver and gold are good sister, sharing the similar moving route!

As chart shows, silver bounced up after touching the EXT FIBO1.618 of BIG wave 3 with RSI 4H DIV!

The 1st tgt for the retracement is fibo 0.5 18.599 where the trendline of the last wave will suppress silver to go higher.

And silver is expected to drop down to 16 ( EXT FIBO 1.414 OF BIG WAVE 5)

Less is more!

Commento:

Commento:

WAITING FOR THE FIBO 618 RETRACEMENT ENTRY TO LONG SILVER.

Commento:

Commento:

found a start star appear at fibo 0.5
so long trade in .

Commento:

long entry 17.5

Commento:

another chance for entry.

Commento:

much better entry at 17.34( fibo 618)

Commento:

if you did make the long trade entry at fibo 618, pls enjoy the new trend coming.
But this time ,I mean a small trend.

Commento:

the miniute of US retail sales data did not push SILVER AND GOLD to go down any deeper but make a great entry for both.
Silver:17.3 fibo 618
Gold:1346, the close price of last lowest bar(1h)