Silver / U.S. DollarShort
Silver Rebound Offers Short Trade Potential: Targeting $28
In my weekend analysis, I highlighted the potential formation of a Head and Shoulders pattern in Silver's price, with the neckline positioned precisely at the psychologically significant $30 level.
Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently,XAGUSD is experiencing a normal rebound.
This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested.
The next significant support level is at $28, which could serve as the target for this potential move.
Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently,
XAGUSD is experiencing a normal rebound.This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested.
The next significant support level is at $28, which could serve as the target for this potential move.
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