XAGUSD markup for week of 2/10/19

9 Feb 2019

I am expecting price to rise up to either the small level of resistace, or continue higher to the larger level on a stop hunt. Once enough equity is freed up, smart money will sell a large position to push price down to blue rectangle area. This area is defined by the breaker block seen in the 15m chart. Price has not revisited the breaker block for SM to mitigate out and it lines up perfectly with the trend line. I expect price to revisit the trend line the same way I am expecting it to with gold before returning to a long term bullish trend as the dollar crumbles.