SILVER (XAGUSD) Multi Time Frame Analysis & Bearish Forecast
Silver is testing an important rising trend line on 4H.
the touchpoint matches perfectly with a horizontal 4H structure.
+the price has perfectly formed a bearish engulfing candle signifying a strong bearish pressure from the underlined area.
on 1H the price has formed a head and shoulders pattern and the breakout of the neckline is confirmed.
now I expect a further decline.
goals:
1.650
1.565
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