XAG/USD Silver Price Analysis: Bullish Continuation or Rejection
📉 Current Price: 32.3715
📊 Key Levels:
Support Zone (~32.00 - 32.20): Price recently bounced from this level.
Resistance Zone (~33.20 - 33.50): A potential target for an upward move.
📈 Potential Scenario:
The chart suggests a bullish breakout after retesting the lower support zone.
If the price successfully retests and holds above 32.00, it could continue towards 33.50.
A break below 32.00 could invalidate this bullish move and lead to further downside.
🎯 Trading Outlook:
Bullish Bias above 32.00, aiming for 33.50.
Bearish Risk below 32.00, which could lead to further declines.
📊 Key Levels:
Support Zone (~32.00 - 32.20): Price recently bounced from this level.
Resistance Zone (~33.20 - 33.50): A potential target for an upward move.
📈 Potential Scenario:
The chart suggests a bullish breakout after retesting the lower support zone.
If the price successfully retests and holds above 32.00, it could continue towards 33.50.
A break below 32.00 could invalidate this bullish move and lead to further downside.
🎯 Trading Outlook:
Bullish Bias above 32.00, aiming for 33.50.
Bearish Risk below 32.00, which could lead to further declines.
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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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.