XAG/USD 01.12.24
מעודכן
XAGUSD Hello Traders,
In the coming week, I anticipate continued bearish momentum. Over the past weeks, the market has been dominated by bears. Currently, we are in a 1-2-3-4-5 move to the upside and transitioning from wave 3 to wave 4.
On smaller timeframes, I observe a complex (A)-(B)-(C) correction forming wave 4. From my perspective, we are now in the move from wave (B) to wave (C). Typically, the transition from B to C follows a 1-2-3-4-5 structure, as I’ve illustrated. It may look a bit disorganized, but we should remember that we are dealing with the metals sector.
My target for this week or the next is a final push to approximately 29,100. This aligns with the 100% Fibonacci extension of waves 4 to 5. Additionally, this area coincides with the first bullish Fibonacci retracement of the larger wave 4. The volume indicator also highlights significant activity at this level in the past.
Keep a close eye on this level!
עסקה פעילה
Trade looks good!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.