💡XAGUSD chart analysis (daily timeframe). After a positive reaction from the $29 area, the price rose strongly to surpass the $31 level, which had previously been broken. Retest – $31 level. After a strong rebound, the price returned to test the $31 area. This behavior is very positive, as it proves that buyers are defending this level once again.
If this test is successful, it will serve as confirmation of the start of a new uptrend. The MACD indicator shows an improvement in positive momentum. This supports a positive outlook in the near term.
⛔️Not investment advice for educational purposes only.
If this test is successful, it will serve as confirmation of the start of a new uptrend. The MACD indicator shows an improvement in positive momentum. This supports a positive outlook in the near term.
⛔️Not investment advice for educational purposes only.
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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.