XAGUSD has been going through a lot the past 2 years and ever since FED started going back and forth with their ”mumbo jumbo” Rates Outlook, Silver has been vulnerable.
Not anymore, enough is enough. LEWA is awaiting a Bear Market or at least a significant Contraction in US and EU Indices.
Furthermore, EURUSD is pointing us towards 1.25 and DXY is very much looking like it’s about to continue with a Bear leg so it can finalize what started after Trump’s “tweets”.
Our view is still Bullish for Metals and we are at or around the Vibration Levels mentioned in the “XAGUSD-SILVER – Bullish Divergence – Impulse Sequence” post.
We do expect FED to raise the rates on Dec 13th but we are skeptical on delivering what was mentioned under the new governance.
GDX is pretty much ready to pave the way for metals in 2018.
Dec 2015 and 2016 was the month of bottoms for XAGUSD and XAUUSD, will Dec 2017 provide the same Pattern? We believe so.
XAGUSD has been trading in Complex Corrections ever since Dec 2015 but we believe that 2018 will reflect as a Bullish Cycle for both XAU & XAG.
Daily Chart – Picture:
Daily Interactive Chart:
XAGUSD – 2018 BUY Position:
Entry – 15.60
SL – 14.50
Targets – 17.00 / 17.75 / 18.40 / 19.20 / 20.00 / 20.80 / 21.50 / 22.70
Comments ( 2 )
admin
(January 11, 2018)17.00- Target Reached!
Moving SL in profit.
*XAG/USD Pattern still has one more possibility as a Structure: Complex Triple Three WXYXZ as an extended Consolidation.
We are expecting one more Bullish push towards 17.50 and we will be closely watching those levels and witness the reactions because if 17.50 would not be breached, XAG/USD could fall below 15.60 before moving towards 22.70 Levels.
If the next move will be on the up-side, then we would expect a retracement and then analyze the structure. if it will be a Zig-Zag, then we will possibly confirm the green light for higher grounds. If the Bearish Divergence causes a Complex Structure, then that would be a pessimistic sign which would cause red-alert if a breach of 16.50 would occur.
We will be updating this view once we establish the real direction.
admin
(March 1, 2018)Silver Bulls coming back:
