Elliott Forecast - Silver (XAGUSD) Rallies in Elliott Wave Diagonal | ResearchPool

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Elliott Forecast

Daud Bhatti

Silver (XAGUSD) Rallies in Elliott Wave Diagonal

July 12, 2023 By

Short term Elliott Wave view in Silver (XAGUSD) suggests that the metal ended wave ((2)) at 22.09. Up from there, the metal rallies as a . Up from wave ((2)), wave (i) ended at 22.68 and dips in wave (ii) ended at 22.27. The metal extends higher in wave (iii) towards 23.04 and pullback in wave (iv) ended at 22.82. Final leg wave (v) ended at 23.09 which completed wave ((i)).

Pullback in wave ((ii)) ended at 22.26 with internal subdivision as a zigzag. The metal then extends higher again in wave ((iii)) towards 23.3. Pullback in wave ((iv)) completed at 22.50. Up from there, wave (i) ended at 23.14 and dips in wave (ii) ended at 22.73. Wave (iii) ended at 23.38, and pullback in wave (iv) ended at 23. Expect the metal to make 1 more push higher to end wave (v) and this should complete wave ((v)) of 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 6.23.2023 low before the rally resumes again. Near term, as far as pivot at 22.09 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

Silver (XAGUSD) 60 Minutes Elliott Wave Chart

XAGUSD Elliott Wave Video

Source:-forecast.com/news/silver-xagusd-rallies-elliott-wave-diagonal/

12/07/2023 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Daud Bhatti

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