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SILVER / EURO KILOSILVER / EURO KILOSILVER / EURO KILO

SILVER / EURO KILO

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XAGEURK trade ideas

Silver (XAGEUR) is looking bright as dayWith today close I get a BUY signal from silver futures. With this low volumes we can't consider it a breakout from the falling wedge like pattern just yet. But it is still remarquable. concerning my indicators few noticeable things : 1- The RSI crossed above the to bolinger bands. 2- The Stochastic is up-sloping. 3- The price close above all exponential moving average. Like all patterns of this type, we can expect a move to resistances lines situated at the start of the pattern. My stop limit who would invalidate this technical analysis is below the 200 days EMA (blue curve). I will keep you updated as the trend develop. As always it is your own responsibility to manage risk properly. Have a nice day.
OANDA:XAGEURLong
by DecisionDoji