XAGUSD - Silver reached above 30 dollars!
Silver is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the upward movement continues and silver is placed within the specified supply zones, we can look for silver sales situations
The correction of silver towards the drawn demand zone, which is also at the intersection with the bottom of the ascending channel, will provide us with a good buying position in terms of reward to risk
The target for buying and selling silver will be the midline of the ascending channel
If the upward movement continues and silver is placed within the specified supply zones, we can look for silver sales situations
The correction of silver towards the drawn demand zone, which is also at the intersection with the bottom of the ascending channel, will provide us with a good buying position in terms of reward to risk
The target for buying and selling silver will be the midline of the ascending channel
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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.
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.