XAG/USD: WAVE ANALYSIS
| Scenario | |
|---|---|
| Time period | Weekly |
| Recommendation | BUY |
| Entry point | 28.45 |
| Get the profit | 35.50, 38.70 |
| Stop loss | 26.34 |
| Critical levels | 21.91, 24.27, 26.34, 35.50, 38.70 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry point | 26.30 |
| Get the profit | 24.27, 21.91 |
| Stop loss | 26.95 |
| Critical levels | 21.91, 24.27, 26.34, 35.50, 38.70 |
Growth is possible.
On the daily chart, the third wave of the higher degree (3) is forming, in which wave 3 of (3) develops. At present, the correction has ended as the fourth wave iv of 3, and the fifth wave v of 3 is forming, in which wave (ii) of v ends. If the forecast is correct, the XAG/USD pair will rise to the 35.50–38.70 zone. The critical stop loss level in this scenario is 26.34.
Main scenario
Long positions will be updated on correction above 26.34 with targets of 35.50–38.70. Trading period: 7 days and above.
Alternative scenario
If the price breaks out below 26.34 and consolidates, the asset will fall to the 24.27–21.91 zone.
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