XAGUSD | Long Setup with Entry Point
XAGUSD presents a bullish structure on the daily chart, where the price has bounced off the 0.705 Fibonacci level after entering the demand zone. I now expect the price to experience further growth towards the liquidity zone at the 24.20 level, as the previous liquidity area has already been filled. It is highly likely that the Federal Reserve will keep interest rates unchanged, potentially weakening the dollar and, consequently, leading to new increases in the week for gold, silver, EUR/USD, and GBP/USD.
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