Silver Review
XAGUSD is currently bearish. The market is in a corrective phase (ABC corrective pattern).On the chart above, the market has developed an ascending channel, which is a bearish reversal pattern, stretching from 22.354 to its current position at 25.294. The price is anticipated to experience a minor drop to 25.133 before forming a double bottom and rising to 25.718, which is the expected zone for the minor corrective wave. Subsequently, the price is anticipated to fall to 23.484. You may establish buy orders now with a profit target at 25.718.
Trade Recommendations
We're short
Gold Review
XAUUSD has been very bullish since last week. The market is currently in a corrective phase, following the ABC corrective pattern. As displayed on the chart, the market formed a bullish continuation pattern at 1956.02, indicating that the bulls are still in control. Furthermore, there is an expanding wedge pattern, which is a bullish continuation pattern. Presently, the price is developing a rising wedge pattern, which is a bullish reversal pattern. It is projected that the pair will maintain its upward trend, with a potential target of 2070.17, where the corrective phase is expected to conclude. A buy order may be placed now, with a take profit of 2070.17.
Trade Recommendations:
We're buyers
SPX500 Weekly Review
SP500 is currently very bullish. The market is in a corrective phase that's the ABC corrective pattern. Currently, the market is forming the inner minor weave C.Again, we can see that this very very zone where the market is now is a major zone/resistance zone. I expect the price to break above this zone and rise up to 4590.9, this is where I expect the end of the corrective phase to be.We will wait for confirmations first before entering a buy trade. Should the price fail to break above the resistance zone, the setup will be invalidated.
Trade Recommendations:
We're buyers
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