As I mentioned in my previous analysis, I am bullish on
XAGUSD , in addition to Gold.
The price has now clearly broken above the falling wedge’s resistance.
Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders.
Currently, the price is facing minor resistance just below the 31.00 level.
If this resistance is broken, we could see an acceleration toward my target of 32.00.
As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
The price has now clearly broken above the falling wedge’s resistance.
Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders.
Currently, the price is facing minor resistance just below the 31.00 level.
If this resistance is broken, we could see an acceleration toward my target of 32.00.
As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.