Silver Weekly Review
XAGUSD is presently within an impulsive phase, showing strong bullish tendencies. The price is in the process of forming the major outer wave 'IV,' with our target set at 23.491. Anticipated movement suggests the price rising from 23.229, potentially reaching at least the resistance zone of 23.491. You can consider opening a long position at 23.229, with a profit target ranging from 23.445 to 23.229. It's important to note that this setup would no longer be valid if the price were to break impulsively and close above the resistance zone of 23.599
Trade Recommendations:
We're sellers for now
SPX500 weekly Review
The SP500 is currently showing strong bullish momentum. The price is in an impulsive phase, moving within an impulsive 'V' wave pattern. Currently, the price is in the process of forming the impulsive outer major wave 'V', with our target set at the resistance zone of 4383.4. We anticipate a slight drop in price to approximately 4348.2 before an impulsive rise towards 4383.4. Consider initiating a long position after the anticipated minor downside correction. Ensure you use proper risk management.
Trade Recommendations:
We're buyers for now
Gold Weekly Review
XAUUSD is currently exhibiting strong bullish momentum. The pair is in an impulsive phase, and based on the chart above, it is evident that the price is in the process of forming the outer major impulsive wave 'V'. Our target for this wave is at the resistance level of 2028.76. Reaching this price zone will signify the conclusion of the impulsive phase and the commencement of the ABC corrective phase. We anticipate the pair to ascend with a target set at 2028.76. You can consider a long position above 2005.36, with a profit target set at 2028.76
Trade Recommendations
We're buyers for now
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