SILVER (XAG/USD) – Week 13 – Anticipating a bullish move.
Updated
As we mentioned in our previous outlook, the Silver price dropped reaching our target zone.
For this week, there is a chance that the price will make one more bearish push and head into the $23 area, but considering the fact that we are supported by a strong weekly bullish trend, we will only focus on the buy setups. If the price continues to drop from here, we will ignore any moves, except the ones that are heading north.
Keep an eye on this pair, as it could provide a great investment opportunity having a great chance to reach at least the $35 landmark.
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, there is a chance that the price will make one more bearish push and head into the $23 area, but considering the fact that we are supported by a strong weekly bullish trend, we will only focus on the buy setups. If the price continues to drop from here, we will ignore any moves, except the ones that are heading north.
Keep an eye on this pair, as it could provide a great investment opportunity having a great chance to reach at least the $35 landmark.
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
Major support area hit.
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