XAGUSD.
Price remains bearish on Gold and silver this week as we saw rejection at a higher price. The upward move makes an expanding correction ABC, after which we can expect a fall now to finish the last leg downwards. Price could remain bearish for the upcoming week(s) to finish the correction. The downward movement can be labelled as waves 1 and 2 with 50% retracement.
Price remains bearish on Gold and silver this week as we saw rejection at a higher price. The upward move makes an expanding correction ABC, after which we can expect a fall now to finish the last leg downwards. Price could remain bearish for the upcoming week(s) to finish the correction. The downward movement can be labelled as waves 1 and 2 with 50% retracement.