Nice idea on XAGUSD and there may be bullish bias as you have identified. For our set up, we have identified the key resistance and support levels for the short term. The support we have identified is at 14.23. It is a horizontal swing low support with 61.8% & 100%x2 Fibonacci extension. Stochastic is approaching its support at 5% where a corresponding bounce could occur. If a bounce does occur, we may want to look at the 14.47 resistance level. It is a horizontal pullback resistance with 100% Fibonacci extension and 38.2% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.