legacyFXofficial

SILVER REVERSED HEAD AND SHOULDERS FORMATION

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Silver has formed huge reversed Head and Shoulders and we can see clear in the chart that XAGUSD made "Flat Top/Bottom" pattern also "Support and Resistace" has confirmed.

Metal as well is completing its pullback to the neckline, the target on the upwards side is 26$=27$.

The price broke yet another horizontal structure
Which indicates the inexhaustible strength of the bulls.

We can see breakout of the 25$ resistance and strong movement to 26.50$-28$
Same as GOLD , the metals are in Bullish mood.

Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
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.