Silver/USD Gann Trade

29 Nis 2021

XAGUSD has completed 9-day cycle yesterday by making a short term low, and currently is above the declining 45 degree trend which is crossing from ~26.2 as of today. A short-term long position is possible with 2:1 R/R from here, with few points of stop/loss of the yesterday's low (25.77) and targeting initially the arc and declining 22.5 degree trend line. The 3rd target would be the horizontal resistance which stays at 28.00 level, with 3:1 R/R. Time target would be until May 7th.