SILVER (XAG/USD) – Week 15 – Pullback or new low?

Updated
As we mentioned in our previous analysis, Silver slowly started to give some signs of a possible reversal.
For this week, we expect the price to pullback towards our orange dotted line, and then we will make a decision if we will make another low or not, based on the price action. If not, this may be a simple pullback that will act as a trigger for a future bullish move.
Don’t forget that we are in a strong weekly bullish trend and this is only a correction. In the medium-term, we expect the price to reach at least the $35 level.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
Chart PatternsCommoditiesDXYSilvertradeideaTrend AnalysisWave AnalysisXAG USD ( Silver / US Dollar)

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