FUND Sell 29.09.2022 09:57
XAG/USD: a weak upward momentum has been replaced by a correction
Silver prices are declining, correcting after an attempt to grow the day before, when many currencies, as well as precious metals paired with the US dollar, showed an active positive trend, based on a number of technical factors.
TECH Sell 26.09.2022 08:17
XAG/USD: wave analysis
A fall is possible.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) develops. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v has formed, a local correction has ended as the wave (iv) of v and the wave (v) of v is forming. If the assumption is correct, the XAG/USD pair will fall to the area of 17.00–15.80. In this scenario, critical stop loss level is 19.91.