(XAGUSD 1D) will silver hold support
XAUUSD has been consolidating/ forming a wedge pattern on the daily chart.
We’re on our 4th or 5th touch at this $22.00 zone. Usually the more price hits an area of resistance or support it becomes weaker.
The next touch will either break down and out of the current support or it will bounce up and buyers will continue to drive prices up.
KEY LEVELS
SUPPORT - $22.00
RESISTANCE - $25.00
The only thing we can do is wait to see a confirmation of direction!
Happy trading!
We’re on our 4th or 5th touch at this $22.00 zone. Usually the more price hits an area of resistance or support it becomes weaker.
The next touch will either break down and out of the current support or it will bounce up and buyers will continue to drive prices up.
KEY LEVELS
SUPPORT - $22.00
RESISTANCE - $25.00
The only thing we can do is wait to see a confirmation of direction!
Happy trading!
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.
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.