Silver / U.S. DollarShort
XAGUSD Sell signal at the top of the Channel Down.
Silver / XAGUSD got rejected on Friday at the top of the 6 month Channel Down.
Today it is supported by the 1day MA200, which was the Resistance in late September-October. If crossed, we will have a sell confirmation.
The typical decline inside the Channel Down has been within -12.12% and -13.21%.
Also we spotted a fractal during July-October 2022, which is so far similar to today's and targeted Support A.
As a result we have two potential targets.
Sell and target initially 22.000 (Support A). If Support A breaks, you can extend to 21.250 (-12.10% from the top).
Previous chart:
Follow us, like the idea and leave a comment below!!
Today it is supported by the 1day MA200, which was the Resistance in late September-October. If crossed, we will have a sell confirmation.
The typical decline inside the Channel Down has been within -12.12% and -13.21%.
Also we spotted a fractal during July-October 2022, which is so far similar to today's and targeted Support A.
As a result we have two potential targets.
Sell and target initially 22.000 (Support A). If Support A breaks, you can extend to 21.250 (-12.10% from the top).
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.