SILVER (XAG/USD) – Week 16 – Resistance area targeted
Updated
In the past week, Silver started to give some strong bullish signals.
For this week, we anticipate the price to break the ascending channel and reach the resistance area that we highlighted on the chart.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term we expect the price to reach at least the $35 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, we anticipate the price to break the ascending channel and reach the resistance area that we highlighted on the chart.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term we expect the price to reach at least the $35 level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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