Ocean98

XAGUSD Forecasting

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is currently in a bullish momentum, the market on higher timeframe shows a possible formation of a bullish triangle as it is forming a series of HL but fails to form HH, Looking at current structure we can see that th e market has broken out of the Flag flag formed and printed a HH, after that the market pushed back into the Resistance area/BOS possible to retest the breakout but it will depend on how it reacts on that area. i do anticipate a bullish move into previous HH or even a further push into the weekly level, it is also important to note that the market can also just spike the marked Golden area before we see a bullish move.
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