OANDA:XAGUSD   Silver / U.S. Dollar

In the previous analysis, we considered 3 ranges as a target in dealing with resistance, and we obtained 2 ranges, and by reaching the range of 23.44106, it created support, and by touching this range again, forming a double bottom and creating a positive divergence of the resistance range. broke to climb.

Now, by checking the side range, we see the completion of the ABCD pattern in the range of 24.27206 and we have a negative reaction in reaction with it and the ceiling (resistance).

The upcoming scenario is just a correction from an upward trend up to the range of 23.92651 at the intersection with the pivot and the 38.2 percent Fibo correction. After performing this movement, the next wave can be predicted according to the time and type of movement.

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