XAGUSD Silver in Wave 3? On the way to $39 if so.....
I am new to EW analysis but it would appear the corrective move is over and an impulsive wave should develop over the next few months. Macro forces of rate cuts and geopolitical risks would support this. A recession is almost guaranteed at this point but I think it will start beginning of 2025 or late 2024. Any input will be greatly appreciated, especially from people more experienced with EW. Thanks!
Note
Corrective move not over just yet, may see a flush down to $25.40 or so but considering how well gold is holding up, I'd be shocked if we went lower than that. Then wave 3, which should be THE wave. Price target still $39 for that move, $50 in wave 5. Cheers!
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