The XAGUSD chart shows mixed trading dynamics, with periods of both positive and negative price activity.
The current wave structure is hinting at the formation of a WXY double three where there is the final wave [y].
Waves of a lower time-frame form a triple three. The price is currently in the wave (z). When this wave is completed, a more directional price movement is expected.
To summarize, it can be noted that the market shows mixed dynamics over a longer period. In this situation, it is worth waiting for the current wave to complete its formation.
In the current environment, it’s advisable to avoid making significant trading moves.