SILVER (XAG/USD) – Week 35 – Important area ahead.
In our previous analysis, we forecasted that the price to correct having a chance to make a new low. Instead, the pair ranged the entire week.
In the coming days, we foresee the price to reach the confluence between the resistance and the trendline. If the price breaks those zones and corrects above, we are expecting a bullish move. If not, we can expect a fall that can reach the $22 territory.
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 foresee the price to reach the confluence between the resistance and the trendline. If the price breaks those zones and corrects above, we are expecting a bullish move. If not, we can expect a fall that can reach the $22 territory.
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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