XAGUSD, H4
On the H4 timeframe, XAGUSD breaches above the upper border of the bullish falling wedge and faces the 29.00 resistance level. The Momentum oscillator crosses the middle line upward, suggesting potential bullish momentum. However, the 50-MA crosses the 100-MA down, giving us a two scenarios:
- If the price breaks above the 29.00 resistance, it will open the way for a rise to the 30.00 level;
- However, a corrective pullback will return the asset back to 27.80 support.
