ForecastCity
Long

There is a trading opportunity to buy in SILVER

OANDA:XAGUSD   Silver / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (14.60). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAGUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.

Take Profits:
TP1= @ 15.068
TP2= @ 15.335
TP3= @ 15.630

SL= @ 14.260
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That's really a valuable trading opportunity to buy in SILVER. thanks guys.
+1 Reply
@fxniki, Yes, indeed. And you're welcome.
+1 Reply
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