A potential reversal point for Silver
XAGUSD has been beaten as bond yields are rising and Nasdaq is falling. But it reach to a good support point. There are three signals for a potential support here. - We are at the band of the rising trend.
- First monthly pivotal support
- First pivotal resistance point for
XAUXAG
Let's see if this support points holds or the price falls to the next support station. If we get a reversal move from here, it should first target 25$ and then 26$. This move should be supported with a rising
XAUUSD move. If gold breaks 2075$ barrier, we can see 28$ for the silver as well.
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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.