SILVER (XAGUSD): Pullback From Resistance

245
snapshot

In comparison to Gold, Silver looks bearish after a test of a key daily resistance cluster.

A head and shoulders pattern on an hourly time frame confirms a local
bearish sentiment and overbought state of the market.

The price may continue retracing at least to 3291 level.

❤️Please, support my work with like, thank you!❤️

I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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.