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XAGUSD Buy opportunity near the 1day MA50.
Silver / XAGUSD is approachint the 1day MA50, being on a Channel Up since the August 8th low.
The long term pattern is also bullish, an uptrend on a Rising Support, exactly where the 1day MA200 is.
Technically the 1day MA50 is the first buy entry of this pattern and the Rising Support the second.
The 1day RSI suggests that based on the March 26th 2024 fractal, we won't need the Rising Support yet.
Buy and target the 1.382 Fibonacci (35.000).
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The long term pattern is also bullish, an uptrend on a Rising Support, exactly where the 1day MA200 is.
Technically the 1day MA50 is the first buy entry of this pattern and the Rising Support the second.
The 1day RSI suggests that based on the March 26th 2024 fractal, we won't need the Rising Support yet.
Buy and target the 1.382 Fibonacci (35.000).
Follow us, like the idea and leave a comment below!!
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