Please defer to the related link publication below posted on Thanksgiving Day 11/24; here we are now (rather than update a publication over a month ago, I figured I'd update it with a new chart) & if I'm being completely honest; I'm only re-publishing this for gloating purposes cause WE HIT THE JACKPOT ON THIS CALL BABY.
I'll repost link for those of you who...
As Gold was bull flagging, completing an A-B-C-D-E wave,
it also formed a reverse H&S,
Several bullish hammers on the lows (also contrasted to some bearish on the highs)
And a breakout of a trend line.
What more would you like?
In my opinion the trend is bullish for now.
But please keep showing contrasting idea's as we shouldn't get too biased.
The late correction might become the end of an wave 2, possibly setting out for a bullish wave 3.
Just completed the A-E pattern, within a possible bull flag.
MACD is also turning back around.
I will also explore the other sentiment soon.
If you see something different in the charts feel free to broaden my view.
Most popular metals have been showing a bullish move this week.
Silver is not exceptional.
We can see the reversal move completed and the resistance broken and retested as support.
I expect this to soar to at least +70pips
XAGEUR is trading on a 1W Channel Down (RSI = 26.364, MACD = -0.420, Highs/Lows = -0.7743, B/BP = -1.3920) on a steady bearish pace (as the neutral 1D CCI = -24.2424, Highs/Lows = 0 indicate). We are short, targeting 11.6000.