SILVER (XAGUSD) Preparing For Bullish Continuation 🥈
Updated
Silver was stuck for quite a while on 24.0 horizontal structure resistance.
Setting higher lows after each retracement from that, the market formed an ascending triangle.
Breaking its resistance on Friday, it looks like the price is preparing for the next bullish move.
Your buy zone is the contracting area between a broken horizontal structure and a rising trend line of a triangle.
From that area, growth will be expected.
Look for a confirmation on lower time frames within that zone to buy wisely.
Next supports:
24.5
25.2
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