Silver price is poised for a bullish move on the 4H timeframe, following the Elliott Wave 1-2-3-4-5 pattern. After completing the 4th wave with a 50% retracement, it’s now positioned within a bullish flag pattern. The setup suggests an impending bullish impulse move, confirming the continuation of the uptrend.
XAGUSD may be setting up a buy! Sitting at support now... a support I believe is sneaky strong! Take a look with me....
We take this trade for long term signal
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XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.