XAG/EUR Trading Analysis (30/05/2025)
The trend is up. Silver is trading within the 365-135 EMA range. The downward wave structure has been truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an overbought condition.
Trade idea:
- Buy when the ascending wave structure begins to form and wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 28.990.
- Price targets are 29.330 and 29.500.
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