XAGUSD BULL SETUP
XAGUSDXAG is shown of the daily chart. has long-term resistance at 24.39.
At present, it has been trending on an arc with may represent the downward
slope of a cup and handle pattern. Moreover, a Hull Moving Average over 90 days
shows a good pit to the price action.
The RSI candles confirm the price action with low strength at price lows
then an inflection to gain strength and vice-versa.
XAGUSD had a triple top in mid-March to mid-April and now
appears to be setting up a double bottom.
The Hull Moving Average is now on an uptrend as is the trend arc line.
as potentially the upside of the cup in the cup and handle is forming.
I see a swing trade long with adds whenever the price action touches or crossing
the hull moving average, the arc line and /or low RSI on the oscillator.
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