Hi friends on the weekly chart we can see how a retracement up to the trendline indicated on the chart is possible. We are likely to see this scenario at the weekend.
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After its attempt to push higher it looks like silver has lost momentum and is now retreating.
First target 21.755.
Second 20.500.
Trade at your own risk!
So after such a performance from Silver I wouldn't be surprised if there was sideways movement from here.
Looking for a simple test of previous high $$
XAGEUR has made a double bottom which broke throu my trendline, + it’s also in a ascending trend so therefore the only way is Up📈
Also when you trade it, also trade XAGUSD as well, they basically going the same route!
Btw look at that star ⭐️
Analysis for the 15M chart:
After a trading range, the bulls are starting to push the market high creating a great opportunity for a buy signal.
I don' t see any reason to go short at this moment.
Hi all,
Price has consolidated and potentially trend higher.
As usual, please take profit 1:1 and scale out with trailing stop.
Regards,
Pcube
The market is full of false expectation, lets not be one of them.
