God day traders,
In this analysis we see XAGUSD/ Silver breaking below a local support after a strong bearish momentum that started on 23 January. We have CPI today, I believe it will make the XAGUSD close well under our support. The current market movement has given us a bullish ABCD pattern. I will not sell Silver to point D to complete the ABCD pattern that rests on a support.
Please not that this analysis was done on the weekly timeframe therefore it could take some time before we reach our intended target.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
In this analysis we see XAGUSD/ Silver breaking below a local support after a strong bearish momentum that started on 23 January. We have CPI today, I believe it will make the XAGUSD close well under our support. The current market movement has given us a bullish ABCD pattern. I will not sell Silver to point D to complete the ABCD pattern that rests on a support.
Please not that this analysis was done on the weekly timeframe therefore it could take some time before we reach our intended target.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.