XAGUSD (SILVER) has been consolidating for a few weeks now without any clear indication that buyers have stepped back in.
Technically we can see a bearish breakout of the previous weeks low and would look for this to continue on a break and close below the
supporting trendline. Looking at the 4hr chart if the market can break lower and start to produce lower lows and lower highs we can look
at trading the market short in line with the 4hr trend. The 13.80-13.60 zone pointed out in the video offers a great support that we expect buyers
to step back in.
Technically we can see a bearish breakout of the previous weeks low and would look for this to continue on a break and close below the
supporting trendline. Looking at the 4hr chart if the market can break lower and start to produce lower lows and lower highs we can look
at trading the market short in line with the 4hr trend. The 13.80-13.60 zone pointed out in the video offers a great support that we expect buyers
to step back in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.