The long-awaited correction phase in the XAGUSD pair appears to have concluded, showing perfect support at the Fibonacci 0.5 level. According to Elliott Wave principles, this resting period following a massive Wave (III) is now giving way to an even stronger impulsive leg (Wave 3). Current price action, supported by the $87 region, is charting a course toward the Fibonacci 1.618 extension target at $116.61. We are confirming this strategy by monitoring the sustainability of the upward breakout. Subscribe to Ewplans to catch these major market opportunities in advance!
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