Silver (XAGUSD)Short
Working off the fall of Silver. H4 26.11.2024
Updated
Working off the fall of Silver 📉
Silver continues to fall, which I showed in the last analysis . On Monday we got a pushing volume down and if they give a new pullback, I advise to sell with targets around 29 and below. There is still potential for decrease. Major volumes remained up, major segment is also overlapped down and DPOC contract near 31.30 accumulated which gave a reaction down.
SILVER
Silver continues to fall, which I showed in the last analysis . On Monday we got a pushing volume down and if they give a new pullback, I advise to sell with targets around 29 and below. There is still potential for decrease. Major volumes remained up, major segment is also overlapped down and DPOC contract near 31.30 accumulated which gave a reaction down.
SILVER Trade active
Silver on plan 📉
Silver formed a bounce from the sellers zone 30.65-30.86 which I gave in the previous analysis . I am aiming at 29.20 and near the border of strong trend support with possible false breakout. I pulled up the stop at 30.75 just in case and now the risk is minimal in case of a price move up. Perhaps the fall will be deeper, but the nearest support is there, and judging by the pullbacks, it is better to fix there and if anything, to re-enter later according to the situation.
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