The XAG/USD Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.25
2nd Support – 30.67
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Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.25
2nd Support – 30.67
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Trade active
Taken Note
The dollar advanced against major currencies, Gold and Silver prices eased as investors booked profits from the previous session's record high.Note
Note
The U.S. dollar got stronger because Treasury yields (interest rates on government bonds) went up. This happened as people were thinking about possible changes in trade policies and the economy under President Trump.Trade closed: target reached
with Good Profit
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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.