Hi, everyone! Today we’ll take a look at XAGUSD!
As you can see in the four-hour timeframe, after a break in the isosceles triangle and impulse, the price formed a rising wedge, where it bounced off the trend line and went down. I’m expecting a wedge to be broken and impulse movement down. I’m looking at the local shorts. However, if you look globally, silver is traded in a falling channel, having bounced off the resistance line now the price is going locally downwards, after which I expect the silver to grow globally. This is my personal opinion, not a call to action!
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.
As you can see in the four-hour timeframe, after a break in the isosceles triangle and impulse, the price formed a rising wedge, where it bounced off the trend line and went down. I’m expecting a wedge to be broken and impulse movement down. I’m looking at the local shorts. However, if you look globally, silver is traded in a falling channel, having bounced off the resistance line now the price is going locally downwards, after which I expect the silver to grow globally. This is my personal opinion, not a call to action!
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.