Mihai_Iacob

Silver could drop 2k pips

Singkat
OANDA:XAGUSD   Perak / Dolar A.S.
Since the low back in June 2022, Silver has traded in a range and although there were 4 attempts for a break under 18usd figure and even a false break at the beginning of September, bulls held strong and finally won the battle.
XagUsd started to rise in October and broke above the resistance of the 6 months range in November. A nice rise followed and the precious metal has gained more than 6k pips in 3 months if we count from the bottom to the top.
However, at this point, Silver looks like it wants to correct and the first and the second trading days of the year are Pin Bars.
The ascending trendline is also broken to the downside and these could be signs of an imminent drop.
My strategy is to sell rallies against 22.80 with a target at the 22 zone. Also, a deeper correction could drive the price even at 21 important support.





🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.