LONG SPOT SILVER SETUP

6 באוג׳ 2022

XAGUSD
From the Daily chart:

• Silver is prone to volatile moves which can be captured
  with leverage which also has converse risks.
  
  Silver had a 3.5 % swing from August 4-to 5 downward within an overall
  uptrend.
  
  XAGUSD is now sitting on support of the POC of the long-term volume profile
  
  Silver is sitting at one standard deviation below the monthly VVAP having
  fallen from one standard deviation above the VWAP
  
  The Awesome Oscillator went above the zero line this week
  
  

I will set up a long trade looking for XAGUSD to run from the present
price to the VWAP as the first target for 50 % of the position with
the remaining looking to cross VWAP and head up to 1 STD above it.

XAUUSD