XAGUSD broken the 200 EMA on H4, I will be waiting for a pullback to start selling.
XAGUSD, Sell on H4.
This means USD will gain strenght which is also confirming our XAUUSD and DXY analysis.
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16.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 15.95 on 08/01/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected.
While the price is above the support 14.80, beginning of uptrend is expected.
We make sure when the resistance at 16.20 breaks.
If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.