XAGUSD // Silver Midterm Outlook
Hello traders! Today we take a look at XAGUSD // Silver within the forex markets.
Currently price has shown us a strong rebound off of our Weekly EQ level forming a Demand Pivot on HTFs.
I would like to see price re-test our Supply area for a rejection @ our EQ at 15.980 to pave the path towards new lows towards our EQ level and thus wiping out liquidity where we can see accumulation occur for XAGUSD.
A break above this EQ level with a strong HTF close will shift bias towards the upside towards our Daily Supply level for Silver.
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Currently price has shown us a strong rebound off of our Weekly EQ level forming a Demand Pivot on HTFs.
I would like to see price re-test our Supply area for a rejection @ our EQ at 15.980 to pave the path towards new lows towards our EQ level and thus wiping out liquidity where we can see accumulation occur for XAGUSD.
A break above this EQ level with a strong HTF close will shift bias towards the upside towards our Daily Supply level for Silver.
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