SILVER (XAGUSD) Key Levels to Watch This Week 🪙

4 ביולי 2022

Here is my latest structure analysis for Silver.

Support 1: 18.83 - 19.63 weekly demand area.

Resistance 1: 20.45 - 20.67 daily supply area.
Vertical resistance 1: falling trend line connecting lower highs.

Because the market is trading in a bearish trend,
pay close attention to a contracting confluence zone between the horizontal resistance area and a falling trend line.
From there, I will look for trend-following opportunities.

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