XAGUSD: Important Resistance ahead. Trade accordingly.

Silver broke above the 1D bearish (Lower High) trend line (dashed) effectively ending the medium term downtrend. 4H was currently rejection on the first major Resistance test (14.800 - 14.840). Failure to break this may result in a drop back to the accumulation zone (TP = 14.400) but a break above 14.840 should see Silver testing major 1D Resistances (TP = 15.300).






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Chart PatternsCommoditiesTechnical IndicatorsMetalsSi1! (Silver Futures)SilversilverusdTrend AnalysisXAGXAG USD ( Silver / US Dollar)

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