Silver is collecting potential to see higher prices

١٧ يناير ٢٠٢٢

XAGUSD built a double bottom in a strong support area (A and B Point) followed by the buyers did not allow the chart experiences lower prices and the chart built C point. So, the C point shows that the buyers' power is more than the sellers'. Also, XAU and XAG have a high correlation rate near 90%. Given the XAU analysis I did, the XAU correction is ending. According to this evidence, I expected that XAGUSD will see higher prices and goals .
Note: Before it touches the higher prices, It needs to correct to First Entry Point because MACD shows -RD between two top. If this scenario fails and the chart goes up, I will enter after the chart breaks Second Entry Point.

١٧ يناير ٢٠٢٢

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١٤ فبراير ٢٠٢٢

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XAGUSD is more possible to breaks its downtrend line and continues its uptrend