KarYong
Long

950 Points Potential on Silver (XAGUSD)

OANDA:XAGUSD   Silver / U.S. Dollar
Price has been falling correctively since mid October, hitting a minimum requirement for a 3-wave corrective structure.

This gives us the bias in buying the previous metal, targeting a potential area between 17.51 to 17.94.

An impulsive break above the downtrend line structure will give us more conviction in our bullish bias.

Disclaimer - do your own due diligence and make sure you have a proper plan before trading.
Comment:
Comment: As long 16.61 level remains supported, we continue to expect more upside

Comments

Is this analysis still valid?
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KarYong Motamedzadeh
@Motamedzadeh, still valid will post an update later
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@KarYong, Thanks
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is this still valid?
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KarYong derby
@derby, still valid.
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