Elliott wave analysis of GOLD and SILVER | May 24 2026
1 extracted signal · 0 resolved · 1 still active
elliott wave principleIndependent analyst profile- Source published
- 24 May 2026, 03:19 UTC
- Recorded by Tahlil Plus
- 29 Aug 2026, 17:02 UTC
AI-generated source summary
The analysis focuses on the XAGUSD (Silver) chart, indicating a long-term bullish trend. The speaker highlights a potential Elliot Wave pattern, identifying wave 'a' at a previous peak and wave 'b' at a lower point. A support trendline is drawn from 2013 to the present. The analysis suggests that silver found support at the 50% Fibonacci retracement level of the entire price range, specifically around $50.9250. The speaker implies a potential uptrend targeting the previous high of approximately $121.85. The current price is observed to be consolidating around $75.47, having previously tested support at $50.9250 and bounced. The speaker expresses a bullish sentiment for silver, anticipating further upside movement towards the identified target.
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elliott wave principle
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