In this video, we take a deep dive into silver (XAGUSD) and its recent price action. Silver has been in a strong bullish trend 📈, but it's important to consider the broader market context. The stock markets have caught a bid and are rallying after trading into key support zones, triggering a strong retracement. Given this correlation, silver could follow a similar path as it approaches resistance.
Currently, XAGUSD appears overextended on both the weekly and daily timeframes, suggesting the potential for a deeper pullback 🔄. If this scenario plays out, I’ll be watching for a 50% Fibonacci retracement 📐 as a key buying zone—provided that price action aligns with the criteria outlined in the video.
⚠️ Not financial advice.
Currently, XAGUSD appears overextended on both the weekly and daily timeframes, suggesting the potential for a deeper pullback 🔄. If this scenario plays out, I’ll be watching for a 50% Fibonacci retracement 📐 as a key buying zone—provided that price action aligns with the criteria outlined in the video.
⚠️ Not financial advice.
👀 👉 SEE THE HOLY GRAIL OF BUY/SELL SIGNALS INDICATORS & STRATEGY:
🚀🔗 youtu.be/MG-sBko3SNU 🔥
👀 👉 Join Our TELEGRAM:
🔗 t.me/anthonys_forex
🚀🔗 youtu.be/MG-sBko3SNU 🔥
👀 👉 Join Our TELEGRAM:
🔗 t.me/anthonys_forex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👀 👉 SEE THE HOLY GRAIL OF BUY/SELL SIGNALS INDICATORS & STRATEGY:
🚀🔗 youtu.be/MG-sBko3SNU 🔥
👀 👉 Join Our TELEGRAM:
🔗 t.me/anthonys_forex
🚀🔗 youtu.be/MG-sBko3SNU 🔥
👀 👉 Join Our TELEGRAM:
🔗 t.me/anthonys_forex
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.