Part 8 - Risk-off August - XAG/USD Daily
Updated
XAG/USD – Daily Resistance & Support:
Resistance: 15.70 / 16.00 / 16.75 / 17.75 / 19.00 / 20.00 / 21.00 / 22.00
Support: 15.00 / 14.75 / 14.35
XAG/USD – Summary:
Expected to commence a Bullish Corrective Structure in a three-swings sequence at or around the 15.00 Levels and possibly retest the 16.00 – 16.75 vibration zone.
Bearish Impulse expected around the 16.00 – 16.75 vibration zone.
If all scenarios would turn out to unfold as expected and Silver would retest the 14.35 levels, then that specific area could be seen by bulls as an opportunity for longs, which could even reach the 21.00 levels in an Impulse.
Resistance: 15.70 / 16.00 / 16.75 / 17.75 / 19.00 / 20.00 / 21.00 / 22.00
Support: 15.00 / 14.75 / 14.35
XAG/USD – Summary:
Expected to commence a Bullish Corrective Structure in a three-swings sequence at or around the 15.00 Levels and possibly retest the 16.00 – 16.75 vibration zone.
Bearish Impulse expected around the 16.00 – 16.75 vibration zone.
If all scenarios would turn out to unfold as expected and Silver would retest the 14.35 levels, then that specific area could be seen by bulls as an opportunity for longs, which could even reach the 21.00 levels in an Impulse.
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