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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Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA.
The RSI is also losing momentum and showing a divergence with price.
Weaker than expected NFP could be the catalyst needed here.
Shark printed at 241% extension, now fighting back at 224% also the 50% pullback.
For those who are not inside this one, wait for structure breakout correction before jump in.
AB=CD will be printed above the 38%, and there, one opportunity to close half position size and to move stops to break...