Browsing Tag

Silver (XAG)

Will Silver Beat Gold?

Jing Ren Jul 28, 2023 55 0

A recent survey conducted by Reuters showed economists and analysts predicting gold prices would average below the $2,000/oz mark this year and would be even lower next year. On the other hand, they predicted silver prices to average…
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Technical Analysis

Intraday Analysis – JPY Bounces Back

Jing Ren Jul 28, 2023 38 0

USDJPY breaks lower The Japanese yen soared on rumours of a possible tweak to the Bank of Japan’s yield-curve control. Last week’s bounce came to a halt at the bearish MA cross (141.90), revealing a strong pressure after the buy side…
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Technical Analysis

XAGUSD Triple Zigzag Pushes Towards $30!

Roman Onegin Jun 7, 2023 68 0

In the long term, XAGUSD is forming a corrective trend consisting of cycle waves w-x-y-x-z. At the moment we see the construction of an intervening wave x. This takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.…
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Technical Analysis

Silver Drops to $24, Gold Holds!

David Kindley May 15, 2023 62 0

Silver continued last week's sell-off as the metal looked for support. With Gold holding its weight above $2K, the metal market looked mixed as Monday's session kicked off. With bulls and bears fully invested in the commodities, where…
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Technical Analysis

XAGUSD Corrective Trend Heads to $28!

Roman Onegin Apr 21, 2023 76 0

In the long term, Silver is most likely moving inside a corrective trend consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we see the structure of the second intervening wave x, which could soon end. This could take the form…
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Technical Analysis

XAGUSD Bullish Trend To Continue To 25.701

Roman Onegin Jan 18, 2023 58 0

XAGUSD suggests the formation of a global triple zigzag consisting of cycle waves w-x-y-x-z. The current chart shows the second intervening wave x which could soon end. This could take the form of a double zigzag of the primary…
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Technical Analysis

XAGUSD Double Zigzag to Reach 24.788

Roman Onegin Dec 7, 2022 345 0

Looking at the 1H timeframe, we see the development of the corrective wave b. This is part of the global zigzag. Correction b takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave Ⓩ…
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Technical Analysis

XAGUSD Correction b Pulls Silver Lower

Roman Onegin Nov 17, 2022 1,265 0

A closer look at the 1H timeframe shows a large corrective wave b which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ looks to be a double zigzag of the…
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Technical Analysis

XAGUSD Intermediate Wave (Z) To End Triple Zigzag

Roman Onegin Oct 5, 2022 405 0

The XAGUSD pair seems to be forming a correction wave b of the cycle degree, which is part of the global zigzag. It is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final…
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Technical Analysis

XAGUSD Intervening Wave (X) Pushes Prices Higher!

Roman Onegin Aug 30, 2022 473 0

XAGUSD seems to be forming a correction wave b of the cycle degree, which is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final wave Ⓩ. Most likely, the wave Ⓩ will…
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