On the 4-hour chart, XAGUSD has formed a potential head and shoulders top pattern. Currently, we can focus on the support around 35.5. If it falls below, it is expected to continue to fall, and the downside target is around 34.6.
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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.