XAGUSD Weekend Update 📅 (Close Up)

As promised a close up on the near term structure of XAGUSD. A minor pop is expected on the market opening to finish wave [2] with subsequent sell-off in wave [3]. Alternatively it can be [b][c] of C takes ending diagonal shape but that does not change the short-term picture so far.

Invalidation is very close hence good moment to load risk free shorts with a tight SL.

The scenario hinges on the assumption that wave [1] is expanding diagonal.

This is not a recommendation or trading signal.