SILVER (XAGUSD) - Weekly Technical Analysis Update

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Midterm forecast:
While the price is above the support 22.15, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 22.58 on 10/29/2020, so more gains maximum to Major Resistance (26.20) 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 60.

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
HighAccurate forecast for
★36 Forex Pairs: 916.000 pips track record profit
★34 Cryptos
★Gold, Silver, Oils, Gas
★Best Profitable Trading Strategies

in 9 languages

since 2007
★FREE Telegram


Keep up the good work!
+4 Reply
ForecastCity Josef_anderson
@Josef_anderson, Sure. 👌🏻
+3 Reply
ForecastCity Josef_anderson
@Josef_anderson, We're glad you like it.
+3 Reply
Thanks for the posts keep them coming 😊
+4 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Sure.

We always do.
+3 Reply
I definitely agree with your idea. 26.20 is an important level.
+4 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your kind comment.
+4 Reply
🍁 You always manage to create the most beautiful and detailed charts.🍁
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thanks for your kind comment.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out