PrinceStanoEmmanuel

XAGUSD (SILVER) Outlook

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Silver technical outlook shows different form of technical analysis pointing towards an emerging bearish outlook. On the chart above, we were able to spot an emerging BEARISH SHARK formation, a HEAD and SHOULDERS pattern and a price RESISTANCE zone. A reversal candle formation between the region of 27.900 - 28.900 will signal a reversal. If the scenario is true, price is expected to fall to the NECKLINE @ 23.700 and lower. A break above 29.000 invalidates the count.
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