XAGUSD: Channel Down confirmed sell signal.

Silver has failed to close a 1D candle over the 1D MA50 for four straight sessions and as it previously did on the 1D MA200, this is a bearish signal. Its confirmation is the 1D MACD that formed a Bearish Cross and each time the market has done so since April, inside this long term Channel Down, a new Low was made.

Even the 1D technical outlook just turned bearish (RSI = 44.205, MACD = -0.090, ADX = 34.407) and today's late session rise gives us a better opportunity to enter a short and target the top of the S1 Zone (TP = 20.850).

See how our prior idea has worked:

XAGUSD Is entering the long term buy zone. Excellent opportunity


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##
Chart PatternsCommoditiescommoditytradingTechnical IndicatorsMetalsSi1! (Silver Futures)SilversilvertradingtradingTrend AnalysisXAG USD ( Silver / US Dollar)

Telegram: t.me/investingscope
investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Also on:

Disclaimer