XAGUSD Strong accumulation waiting for a break-out.

Silver (XAGUSD) has been trading within a 3-month Channel Up pattern and since the June 18 Higher High, it has entered a Descending Triangle.

This has previous been an Accumulation pattern, which after broken to the upside, it led to June's High. Similarly, we expect a bullish break-out once the 4H RSI breaks above its MA, and as long as the 4H MA200 (orange trend-line) holds, we expect a +15.50% minimum rise (like the first Bullish Leg of the Channel Up), with our Target se at 40.500.

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