XAGUSD SHORT?
As we can see Silver has made a very bullish impulse move up to a major previously tested resistance zone forming a triple top and is also a confluence with the downtrend line as marked.
The bullish impulse move is loosing momentum as seen on market cipher so expect a possible red dot formed on the indicator, if this is formed then expect a large move down possibly to the white marked support or even the solid white marked support.
Let me know what you guys think!
The bullish impulse move is loosing momentum as seen on market cipher so expect a possible red dot formed on the indicator, if this is formed then expect a large move down possibly to the white marked support or even the solid white marked support.
Let me know what you guys think!
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.