XAG/USD (SILVER)
BIAS: BULLISH
Current range is 30-28.5/O, a break above 30/O and there's TWO highs to break and find support at before climbing higher.
If BEARISH:
a break below 28.5 would probably keep momentum to 26/O. (Strong support area)
Current range is 30-28.5/O, a break above 30/O and there's TWO highs to break and find support at before climbing higher.
If BEARISH:
a break below 28.5 would probably keep momentum to 26/O. (Strong support area)
Trade active
30/O claimed and support formed.
A break above 30 and there's TWO highs to break and find support at before climbing higher.
Silvers heavily under valued.
Note
What I’m watching now:
With 32/O hit, the focus is now on holding above 31.5/O. If price can hold above this level, we could see a push toward the next target, likely around 33-34/O or higher.
A pullback toward 31/O or 30/O could act as solid support if we see a healthy retracement, giving a chance to load up for higher.
If Bearish:
A break below 31/O could suggest a short-term retracement to 30/O or 28.5/O, where we’d be looking for strong support to keep the bullish bias.
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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.