XAGUSD Daily Time frame is looking ready for another pump on Silver.
We can see on the higher timeframes ( Daily) that we have broken recent Highs forming new ones indicating a possible All time high come end of 2024 possibly.
What we would want to look for now is the retracement areas 0.618% & 0.71% fib levels to get filled because these levels of price are sitting nicely inside a daily imbalance level which could get filled potentially.
I will personally be waiting to see a retracement on Mondays trading day and will be keeping close eyes for Tuesdays news releases which could bring this set up in to play.
Trade safe.
We can see on the higher timeframes ( Daily) that we have broken recent Highs forming new ones indicating a possible All time high come end of 2024 possibly.
What we would want to look for now is the retracement areas 0.618% & 0.71% fib levels to get filled because these levels of price are sitting nicely inside a daily imbalance level which could get filled potentially.
I will personally be waiting to see a retracement on Mondays trading day and will be keeping close eyes for Tuesdays news releases which could bring this set up in to play.
Trade safe.