AlbionTrader
Long

XAGUSD looking for LONG

FX_IDC:XAGUSD   Silver / U.S. Dollar
XAGUSD has been consistently growing on the Weekly timeframe:

We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement.

Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make the price rebound to the upper trendline (also just below the 50% Fibonacci) somewhat below 18. 40

The main trendline (violet in the chart) should anyway hold on the Daily.

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