XAGUSD: Wait for a clear breakout to buy.

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Silver turned bullish on its 1D technical outlook (RSI = 57.038, MACD = 0.169, ADX = 26.102) but that alone isn't enough to turn us into buyers again just yet, as the Channel Up on the 4H timeframe has failed so far twice to break over the R1 level. If it does, then we will turn bullish, aiming for a +5.75% rise from the last 4H MA50 contact with TP = 34.4500.

See how our prior idea has worked out:

XAGUSD: 2 year Channel Up bottomed.


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