Free Forex tips, FREE Stock, Commodity & Forex tips, Gold & Silver ( Bullion ) tips

XAGUSD: Wave (B) Nearing Completion Before Drop

0 44107
Free nse xagusd chart calls
Free nse xagusd chart calls
Figure 1. XAGUSD(Silver) Wave Projection

Silver (XAGUSD) has completed a wave (A) drop from 54.48 to 45.55 and is now forming a corrective wave (B). Price may test around 50.7 before facing resistance near the channel top. The 49.43 level acts as key support; a break below can confirm a bearish reversal.

The final wave Y can occur nearby 100% or at the upper band of the channel. After the completion of wave (B), the traders can sell for the following targets: 47.1 – 45.3.

We will update further information for premium members soon.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *