XAGUSD hit the 1W MA100. Best long-term buy for $40.

2021年10月8日

Silver (XAGUSD) is posting a bullish reaction (rebound) after marginally breaking below the 1W MA100 (green trend-line) last week. During the metal's previous multi-year Bull Cycle and more specifically its parabolic rise (2003 - 2011), all three times that the price hit the 1W MA100 (excluding of course the outside catalys of the 2008 subrime mortgage crisis that caused a sharp market crash), it rebounded and rose to at least the 2.0 Fibonacci extension. The LMACD sequences of today and those preceeding the 1W MA100 hits of the past, are also fairly similar.

If last week was the bottom then, the 2.0 Fibonacci extension is currently a little over $40. We consider this the most optimal long-term buy opportunity.



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