XAGUSD - 2018 Bullish Outlook

Richard Tataru XGlobal Markets

XAGUSD has been going through a lot the past 2 years and ever since FED started going back and forth with the Rates outlook, Silver has been vulnerable.

Wave Count is suggesting that XAGUSD could start a Bullish Cycle in 2018.

FED is expected to raise the rates on Dec 13th but there are doubts on delivering what was mentioned under the new governance.

December was the month of bottoms in 2015 and 2016 for XAGUSD and XAUUSD, will Dec 2017 provide the same Pattern?

XAGUSD has been trading in Complex Corrections ever since Dec 2015 but this pattern could come to an end and 2018 could reflect as a Bullish Cycle for both XAU & XAG.

Will the Metals Bull Market return?

XAGUSD - Daily Chart:

Author

Richard Tataru

XGlobal Markets

Richard is a market analyst and holds the role of Senior Account Manager at XGLOBAL Markets. He is passionate about technical analysis and has been exploring the charts for years.

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