AlbionTrader
Long

XAGUSD looking for LONG

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


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.
snapshot


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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