SILVER- False breakout on 1 Feb & 2 Feb
Continue accumulation pattern
Macro: USD continues weaking following Biden new stimulus plan (if approved)
Dollar Index (green color) has rebounded from 89, expect continue downward trend (if no major negative news from EU)
Strategy: Buy area (25 - 26.8), First Support at the MA50 Level ~25.4 , 2nd Support at 24.6, SL at 24.351, TP 30.0
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.