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XAGUSD News

(5 votes)


Last Updated Date: 2 June 2021 @ 7:50 AM (UTC)
*Please note that all the dates are in GMT time zone

Silver: Yesterday strong retreat has formed a shooting star bearish reversal candle hitting that XAGUSD might be preparing for abc correction or 5 impulse correction with yesterday high as wave 2 with double top.

Right now we are considering formation of wave e that should test 26.80 26.30 followed by impulse that should break 28.80 and test 30.00 level with either double top scenario or triangle abcde validation that 31.00 & 33.00 levels. A break below 26.30 & 25.90 is bad for the above scenario. A close above 28.90 is needed to resume uptrend.
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