XAGUSD: Ascending triangle

XAGUSD, Daily

In the Daily timeframe, XAGUSD formed an ascending triangle pattern. The price bounced again from the lower trend line and crossed the TEMA, testing the upper boundary. The bulls continue to dominate.

• We consider buying XAGUSD only on a rise above the nearest fractal and consolidation above 33.600 with targets to 34.500 and then to 34.800;