The price continues to move upward, but on the XAGUSD chart you can see signs of an impending completion of the current upward momentum.
The higher-degree wave structure indicates a corrective movement in the form of an ABC zigzag. The final wave [c] of this structure is currently observed. Although the wave [c] has not been formed fully yet, we can expect its completion in the near future.
An upward impulse develops on a lower-degree wave structure. Now the price is moving within the final wave (v). Thus, the local trend remains upward.
To summarize, it is worth noting that the upward movement continues to develop on the chart on a higher time-frame. However, the wave analysis indicates the final stage of formation of this impulse.
In this situation, long positions are prioritized.