SILVER { XAGUSD}: Bearish Correction On The Horizon
After a strong upward trend last week, Silver has now paused its advance and is consolidating.
Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.
If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.
Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.
Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.
If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.
Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.