XAGUSD looks to be trending up. Waiting for a corrective flag and break could provide the next motive wave up.
Midterm forecast: While the price is above the support of 22.15, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would...
Midterm forecast: While the price is above the support of 22.15, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would...