SILVER (#XAGUSD): Bullish Outlook & Breakout
Silver formed a significant inverted head and shoulders pattern on the 4-hour chart.
The market saw a strong bullish movement this morning, breaking through both its neckline and a solid downward trend line.
These broken structures now make up an expanding demand zone.
I plan to enter a long position from this zone, expecting a bullish trend to continue up to at least the 31.40 resistance level.
The market saw a strong bullish movement this morning, breaking through both its neckline and a solid downward trend line.
These broken structures now make up an expanding demand zone.
I plan to enter a long position from this zone, expecting a bullish trend to continue up to at least the 31.40 resistance level.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.