Silver testing major resistance, watch for a reversal! untuk FX:XAGUSD oleh Tickmill

Trend Analysis Harmonic Patterns Chart Patterns XAG USD ( Silver / US Dollar) xagusdlong xagusdshort xagusdtrade xagusdanalysis xagusdbuy

trendanalysis harmonicpatterns chartpattern xagusd xagusdlong xagusdshort xagusdtrade xagusdanalysis xagusdbuy

Silver is testing major resistance at 17.21 (61.8% Fibonacci retracement, horizontal swing high resistance) and a strong reversal could potentially occur at this level to push price all the way down to 16.21 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance below 96% and a recent bearish exit signals that further downside movement could occur on price.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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