The SP500 is currently in an impulsive phase. The market is impulsively moving to the upside, which we can see from the above. Our expectation is for the price to rise from this zone, reaching at least up to 4889.9. This is where we anticipate the conclusion of the impulsive major wave 'V.' For potential trades, you could consider placing a long position above the support zone, specifically at 4480.5, with a target range of 4708.1 to 4889.9. Note that this pair can be invalidated should the price break below 4364.3.
Trade Recommendations:
We're waiting for long positions
Silver weekly Review
XAGUSD is currently in a bearish trend. This pair remains within an impulsive wave, as evident from the chart above, with the market currently forming the major corrective wave IV. We anticipate a short-term price rise, reaching at least 24.400. This zone represents our target for the major corrective wave 'IV.' You can consider opening a short-term long position with a target range of 24.361-24.400. Please note that this setup will be invalidated if the price impulsively breaks below 24.131 and closes below it.
Trade Recommendations:
We''re short
Gold Weekly Review
XAUUSD is currently in a very bullish phase, and the market is displaying an impulsive trend. As shown in the chart above, the price is currently within the corrective wave 'IV.' We anticipate a short-term drop, with the price reaching at least the support zone at 1934.30, followed by an impulsive move to the upside, with our target set at 1961.60. You may consider opening a short position with a target of 1934.30. Please note that this setup will be invalidated if the price breaks below 1934.30.
Trade Recommendations:
we're buyers
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