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Silver / U.S. Dollar
Short

XAGUSD/ Silver Forecast

By Mezzoforte_Privilege
Updated
XAGUSD created a bearish trend hike AB=CD (in blue) after it failed to break out of the bearish trend line this morning. We also have another bullish trend (H1 timeframe) that was respected until it broke out recently. We witnessed it retest the breakout and bounced off creating our first bottom and now our second bottom (in white). I now anticipate it to complete our double bottom and proceed to be bearish meeting point D second and finally our structure resistance.

Goals

TP1 22.50
TP2 22.33 (CD)
TP3 22.19
Trade closed: target reached
#XAGUSD TP¹ HIT
Trade closed: target reached
#XAGUSD TP² HIT
Trade closed: target reached
#XAGUSD TP³ HIT
Beyond Technical AnalysisTechnical IndicatorsSilversilveranalysisTrend AnalysisXAG USD ( Silver / US Dollar)
Mezzoforte_Privilege

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