XAGUSD "Silver" Set Up to Resume the Advance

٢٨ يناير ٢٠٢٠

Silver seems to be completed a 5-3 (impulse & correction) wave cycle. The corrective wave which unfolded as a w-x-y double zigzag pattern and bottomed at a confluence level that consists of 50% Fib retracement of the impulse + support zone has the potential to send Silver higher above the previous high.

Check my full Silver Elliot Wave analysis here: