🥈Silver (XAGUSD) / The negative social mood is running out🌊

21 thg 5, 2021

●● Mine scenario
● Gold vs. Silver: 🕐1M

"Pic.1"
I think it will be useful to have a rough idea in what form gold and silver can correlate within the senior degree. Moreover, such an approach allows us to significantly narrow down the range of possible options for an alternative count.

Review on Gold "here".

● XAGUSD (SAXO)
🕐1W

"Pic.2"
Growth from the bottom wave II of (V) goes in zigzags, presumably, forming the leading diagonal of the primary wave ((A)). Further, a prolonged correction ((B)) is expected in the form of any corrective wave.

🕐1D

"Pic.3"

"Pic.4"
In "Pic.4"there is a locally alternative wave count, within which a deeper correction is expected by the wave (2). This scenario cannot be supported by the count of a lower wave degree, and the expectations for the XAUUSD pair are against.

🕐4h

"Pic.5"
The most probable area of ​​completion of growth by wave (3) of ((A)) is a cluster of Fibo extensions, namely: level 33.249, upon reaching which wave (3) will reach 61.8% of wavelength (1), further, level 33.588, where W = 161.8% Y wave.

●● Alternative Scenario
● Gold vs. Silver: 🕐1M

"Pic.6"
As an alternative count, I consider a wider triangle in wave (IV).

● XAGUSD (OANDA):🕐1W

"Pic.7"
Wave ((B)) forms an expanded flat with a diagonal in the subwave (C).Provided that the model is completed, we will exit from a long position, further we act according to the situation.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.