SILVER (XAGUSD) Multi Time Frame Analysis & Bearish Forecast

29 Jun 2020

Silver is testing an important rising trend line on 4H.
the touchpoint matches perfectly with a horizontal 4H structure.
+the price has perfectly formed a bearish engulfing candle signifying a strong bearish pressure from the underlined area.

on 1H the price has formed a head and shoulders pattern and the breakout of the neckline is confirmed.

now I expect a further decline.

goals:
1.650
1.565