SILVER (XAG/USD) – Week 22 – Correcting for another drop.
The Silver market ranged the entire trading week.
In the coming days, we anticipate the price to breakout from the consolidation pattern and reach the support area. After this corrective move is completed, we expect the price to resume its weekly bullish trend.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming days, we anticipate the price to breakout from the consolidation pattern and reach the support area. After this corrective move is completed, we expect the price to resume its weekly bullish trend.
Don’t forget that we are in a strong weekly bullish trend and in the medium-term to long-term we expect the price to reach the $50 psychological level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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