#Silver Update #XAGUSD Continuing with my prior study, I made a small tweak to the time and form. Gold seems to be forming the same pattern.
SV1!
#Silver Update #XAGUSD Silver has followed the scenario framework. So far there is no reason to drop any of the options. I am expecting a minor correction and then a surge in prices to $24
Update on #Silver #XAGUSDSame as gold. Silver appears to be bouncing in wave c of abc flat. Not a trading signal at this point.
Update on #Gold #XAUUSD Despite heavy selling I think there is a good chance of a bounce in ABC flat. Once ABC is complete this would be the moment to consider shorts.
#XAGUSD Update #SilverI expect the correction to continue just as with gold. Keep in mind the big picture.
silver: 5% grows before possible reversalAnd after reaching 21.15 level, then possible downtrend to 17.48 and 16.83.
There is a possible butterfly pattern here, like before on this chat, i added dotted shape of previous movement.
SV1!. Silver. One more short attemptI still expect a pish up on DXY and, as a consequence, a move down on Gold and Silver. Spotted a possible Gartley pattern which correlates with a bounce down from the Hagopian Line of my bearish fork.
Will take a short position on a Hagopian re-test or when price breaks back into a bearish fork.
SL: 20.50
TP1: 18.70
TP2: 17.90
Silver (SV1). Expecting a leg down before the final assaultThis hypotetical move down correlates very well with my expected US Dollar strengh during September. All commodities may renew local minimums.
Target for this movement should be around 17 Dollars per ounce
