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Silver / U.S. Dollar
Long

XAGUSD / GENERALLY PRICES UNDER BULLISH PRESSURE - 4H

By ArinaKarayi
Updated
XAGUSD

HELLO TRADERS

  1. Tendency , the price is under bullish pressure , until trading above turning level at 28.58 .

  2. Turning Level: The price is currently trading above this level around 28.58 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.

  3. support Level (1) : around 27.80 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 28.58 . If the price reaches 27.80 , and stabilizes below it, it will likely attempt to reach support level (2) .

  4. support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 27.08 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 26.44 .

  5. Resistance Level (1): As long as the price remains above the turning level of 28.58 , it suggests a rising towards 29.56 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).

  6. Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 30.75 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 31.64 .

  7. Channel Trend: the prices trading rate within the descending channel .

TARGET LEVEL :
  • RESISTANCE LEVEL : 29.56 , 30.75 , 31.64 .
  • SUPPORT LEVEL : 27.80 , 27.08 , 26.44 .
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UPDATE

reached first target , as long as until prices trade above resistance level (1) , it suggest to reach resistance level (2) .
Chart PatternsForexHarmonic Patternssilveranalysissupply_and_demandsupportandresistancezonestradingideastradingsignalstradingstrategiesTrend AnalysistrendchannelsXAG USD ( Silver / US Dollar)
ArinaKarayi

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