$XAG/USD (Silver) 10.8.2013

Metal has broken higher from wave (( b )) triangle and while above 21.59, expect another push higher toward 22.74 – 23.01 area to complete a cycle from 20.59 low after which metal should pull back at least in 3 waves. Hourly cycles are negative but we don’t like selling the metal unless of course it shows a 5 wave decline from the above mentioned area.


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