SILVER (XAGUSD) - Weekly Technical Analysis Update

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Weekly Technical analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 53.

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It's hilarious. Thank you so much.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome. 🙏
Thank you, very useful analysis for silver, much appreciated.
+1 Reply
@Kamryn, You're welcome! We're glad you liked it.
Thank you for sharing such great chart with all of us.
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ForecastCity Kristalyn
@Kristalyn, You're welcome!
Thanks for the posts keep up 😊
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ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome! We're glad you liked it.
Do you send notification to your followers?
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